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":"419d14e720bf9a09482e61a4b9414119","s":"33582dcd9cdfb6fb"}
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