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Luxury slump intensifies as shoppers buy less Balenciaga and Gucci, in latest sign of an end to the 'roaring 20s'
$400. Balenciaga Runner Multicolor. Size 43 Used. For sale or trade Friday at 12pm. #D1NY #Balenciaga | Instagram
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![FORTUNE on X: "Shoppers aren't splurging on Gucci bags or Balenciaga shoes like they used to, and the 'roaring 20s' of the post-COVID boom might be over. https://t.co/7YYULz96at https://t.co/2qrQ73iH3q" / X FORTUNE on X: "Shoppers aren't splurging on Gucci bags or Balenciaga shoes like they used to, and the 'roaring 20s' of the post-COVID boom might be over. https://t.co/7YYULz96at https://t.co/2qrQ73iH3q" / X](https://pbs.twimg.com/media/F9wkxoCW0AAXh4B.jpg:large)