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":"19b21e6ddf2d6697ef4d1dcc464bc9ea","s":"8d573712432195ba"}
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