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":"2cd3d060eeca76f887ab6dd043f1a96f","s":"db31ae48141a8758"}
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