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":"e2cf44983650e694889cd41db23634a1","s":"fc6a45cbe7a85b69"}
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