Retail
January 18, 2018
Affluent consumers commonly trade up and trade down their purchases. Image source Rolls-Royce
By Danny Parisi
NEW YORK – Many of the problems that caused luxury growth to stagnate over the last few years are challenges largely created by the business itself instead of outside forces, according to research from Boston Consulting Group.
{"ct":"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","iv":"65ce56fc8807acab28f7272fde4e1e5f","s":"866ce4246acf75c5"}
Share your thoughts. Click here