Price alignment is not a strategy but an obligation, says HSBC analyst
Posted By Staff reports On In Apparel and accessories,Featured,Industry sectors,Jewelry,Marketing,News,Research,Retail | No Comments{"ct":"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","iv":"17cfacbdd58f6fc0e23a9289f9c5f0e3","s":"9e37deafb4df9e75"}