Coronavirus Measures Further Worsen Luxury Magazines' Futures

The coronavirus pandemic has harshly afflicted the entire fashion industry, leaving lingering scars for years to come. With retailers forced to make tough choices, luxury magazines also feel the pain, as Bloomberg reports.A report from Digital Luxury Group drives the news, highlighting estimates that luxury brands have reduced ad budgets by 30 - 80 percent. This could see digital marketing take the place of print ads, which the fashion industry continues to support long after many sectors depart...