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.
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","iv":"e21bce85f0ed104f6a05766753b79d2e","s":"9f8ac918e602f15f"}
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