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":"d22d125ec263cd789357f4598ddd11ab","s":"3f02293785a4d9a5"}
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