Retail
August 13, 2021
Hermès opened or reopened several stores in H1, including this one in Troy, Michigan. Image credit: Hermès
By Sarah Ramirez
With most of the United States experiencing high or substantial rates of COVID-19 transmission, shifts in consumer sentiment and spending may have fallout for the luxury retail sector.
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