Retail
March 30, 2021
Affordable luxury, on paper, has promising growth potential. The reality, however, is that the segment is likely to continue to lag. Image courtesy of Coach
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","iv":"4dfa18b63fa3381614c896190a103552","s":"35ab50f4e87d43b4"}
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