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Affluent consumers to decrease luxury market spend, says Luxury Institute

November 1, 2016

Shoppers look toward their immediate and social networks to inform their purchases Shoppers look toward their immediate and social networks to inform their purchases

 

By Brielle Jaekel

The drastic shift in consumer behavior from the rapid evolution of technology has resulted in a 20 percent drop in customer spend with luxury brands, according to the Luxury Institute.

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