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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","i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