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":"f9525fe8d6383519d798e3fa89ce68dd","s":"9942d2146dfd0039"}
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