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":"004df0ec5c354b7edbb14fd729f3f022","s":"c8ac8f75888a065b"}
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