Research
October 23, 2023
Luxury shopping on New Bond Street in London. Image credit: Getty Images
By Zach James
New findings from global consulting firm Bain & Company point to high-end stores, providing industry leaders with learnings as the category continues stemming the tide of macroeconomic threats.
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","iv":"d3850a94305f72d8d17964fb03c33094","s":"51f9c8b1f47a1521"}
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