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":"f16e922ddf33fdb9e7313d1e4a919c03","s":"0d4c7ebc3fad4091"}
