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":"f654df059d1eb73daf2db77d3a6463d3","s":"014f7bb245a3082d"}
