Retail
January 18, 2018
Affluent consumers commonly trade up and trade down their purchases. Image source Rolls-Royce
By Danny Parisi
NEW YORK – Many of the problems that caused luxury growth to stagnate over the last few years are challenges largely created by the business itself instead of outside forces, according to research from Boston Consulting Group.
{"ct":"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","iv":"9aa7c252137179e70bb9758a29b33cdf","s":"a422a309b33d4cac"}
Share your thoughts. Click here