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":"7c785d73f80553c12270b80c75fc2c4b","s":"aa6266d82ce1588a"}
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