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":"a023e452e3c144dd2e820426a8e385d7","s":"429ef702a3f64b34"}
