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":"f7d602f93b225db3ecc07d4a69537a70","s":"174843cbe33e5d1b"}
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