Research
May 12, 2020
Nordstrom plans reopen as luxury retailers struggle during shutdowns. Image credit: Nordstrom
By Dianna Dilworth
The luxury market is likely to contract 20-35 percent this year, as the COVID-19 pandemic has shut down the world and brought business across luxury sectors to a halt, according to an updated Bain & Company report.
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","iv":"ae1d2ccb825b3959b19197ed64e73646","s":"3ea9f50b0bdc9558"}
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