Price alignment is not a strategy but an obligation, says HSBC analyst
Posted ByStaff reportsOn In Apparel and accessories,Featured,Industry sectors,Jewelry,Marketing,News,Research,Retail | No Comments{"ct":"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","iv":"3ee287b732a8caf8c882f4929efd4986","s":"ce3908c6e8d2b7cf"}
