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":"710b555225c32421f07ff757a6e411b0","s":"0f8597c2c1223a87"}