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Retail

Only 40pc of luxury goods are purchased by “true luxury” consumers: BCG

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.

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  1. YSL Beauty explores boundary-breaking heritage through scent
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  4. Cunard transatlantic voyage turns into movie set
  5. Subscribe now: Full access to 80,000+ articles, reports, videos and images
  6. What impact would a recession have on the luxury business?
  7. 2019 luxury spend expected to grow highest in UK
  8. Shiseido gets into beauty subscription game with IoT skincare
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