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Wordcount: 453
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LUXURY GOODS MARKET
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In the article titled "Luxury Goods Market(and Buyers) Depressed, Retail: Impulse buying falls off as shoppers stress value", I have concluded the following:
a. The factors cited as contributing to overall demand for luxury goods are as follows. The drastic decline of the stock market as well as the overall economic slowdown has contributed greatly to the decline in demand for luxury products. Major layoffs at America's largest employers have contributed to the decline in demand as well. People are being more cautious with their money than in the past. People who made paper fortunes and in most cases lost paper fortunes just as fast are making drastic spending cuts due to their lost income, which adds to the decline in demand for lux
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