Research
May 12, 2020
Nordstrom plans reopen as luxury retailers struggle during shutdowns. Image credit: Nordstrom
By Dianna Dilworth
The luxury market is likely to contract 20-35 percent this year, as the COVID-19 pandemic has shut down the world and brought business across luxury sectors to a halt, according to an updated Bain & Company report.
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","iv":"44d5d64ec7d9e458dc0cb4cfa3a2cb2f","s":"a894546afc3b1605"}
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