Research
December 28, 2010
By Mickey Alam Khan
A new study claims that the Great Recession was the tipping point for several lasting changes in consumer behavior and the competitive landscape that threaten to erode the mystique of luxury.
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","iv":"c8e1d111be83aaf0b54f909e5d40466b","s":"cfb544f494ba4760"}
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