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TODAY'S MUST READAs the fashion industry takes a breather in August, luxury brands grapple with creative leadership gaps, plummeting profits, and evolving consumer priorities, raising questions about whether current struggles signal a permanent shift in the market landscape, writes Imran Amed.

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TODAY'S MUST READAs the fashion industry takes a breather in August, luxury brands grapple with creative leadership gaps, plummeting profits, and evolving consumer priorities, raising questions about whether current struggles signal a permanent shift in the market landscape, writes Imran Amed.

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The News in Brief

Amazon Shares Tumble on Slowing Online Sales Growth

The retailer’s shares dropped more than 8 percent after the company reported only 5 percent growth in online store sales for the second quarter, highlighting a shift in consumer behaviour towards cheaper options as spending slows.


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