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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