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.
{"ct":"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","iv":"11bee5cf2642ee5a3a8d42b125aebabb","s":"3c5b982e0fae428a"}
Share your thoughts. Click here