Retail
March 17, 2020
Global pandemic map. Image credit: NRF
By Dianna Dilworth
Social distancing and store closures are just the tip of the iceberg as luxury retailers brace for what is to come as the COVID-19 pandemic is turning the outlook from downturn into a potential recession.
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","iv":"88001c38e375dc7a31b1e7f9ff5a4bd0","s":"31428ee0d9cc4526"}
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