Pricing is incredibly important for luxury businesses because many of them destroy brand equity when they lower prices in search of fast, easy growth. Image credit: Shutterstock, Ssense-Balenciaga, Balmain, Gucci
Here is the only good pricing strategy for luxury brands
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Marketing,Retail | No 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\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