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":"4dd94a3a9945888c1f20c27ae60b69ff","s":"92473edb80a99a8b"}
