Luxury stocks fall as concerns grow about consumer spending

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Many retailers are seeing consumers become more cautious with their spending. Luxury retailers had been resilient, but now investors are growing concerned these companies could start seeing a slowdown in spending too. Pauline Brown, Former LVMH Chairman of North America and Author of ‘Aesthetic Intelligence’, joins Yahoo Finance Live to discuss the state of luxury retail, the strength of China’s luxury retail market, and how these companies are competing on pricing.
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