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":"1d26d87e2a941f62160b7620f43388d2","s":"b3ce832e8f54b6ba"}
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