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":"3fbf914887cec8ed38e28a1f1db1365f","s":"42ef4d56472d0973"}
