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":"127fb9c867dcbe8d8729424cfcc8a419","s":"f11c7bc18a1c4234"}
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