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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