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Crunch Puts Crimp in Luxury Ad Sales

As consumers budget, luxury brands slash promotional spending

By Jim O'Neill,  Newser User

Posted Nov 24, 2008 12:45 PM CST

(Newser) – The echoes of the economic crisis continue to reverberate, with luxury brands trimming spending on newspaper and magazine ads as their target audiences cut back, reports the New York Times. Display advertising was already in decline, and spending on luxury items, which started softening in...   Read full story »

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