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The democratisation of data and shopper power through social media has played an enormous half on this. Platforms like TikTok and Reddit are filled with conversations that challenge the industry’s value proposition replica bags, which has made it a lot more durable for luxurious brands to control their narrative. Recent gross sales figures underline simply how far demand for luxurious mega-brands has fallen from its post-pandemic highs. In July, some of the industry’s largest players reported disappointing revenues for the second consecutive quarter.
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