By and and  on July 28, 2008

The bears have taken over Wall Street, shoppers and stores have a serious case of the blahs and technology and globalization are reshaping how goods are made, who’s buying them and how they’re marketed. Even the luxury sector, giddily invincible for years, is facing a newly frugal customer.

This story first appeared in the July 28, 2008 issue of WWD. Subscribe Today.

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