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":"f31d112cbd9707c53d4beda3a915656a","s":"5fb9f874376d35a4"}
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