Retail
June 23, 2016
Image courtesy of Galeries Lafayette
By Jen King
A number of traditionally strong luxury brands have recently posted bleak financial earnings, including Burberry and Ralph Lauren, causing experts to question what might be causing the decline.
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","iv":"54ca5d95753d266c2e75266988182428","s":"0447fa6b035cc906"}
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