Multichannel
January 22, 2016
Image courtesy of Michael Kors
By Forrest Cardamenis
NEW YORK – After a disappointing holiday season to end 2015, what will this year bring for the luxury industry?
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","iv":"be1791e9fbd7ac66f839c0f6a05e798e","s":"5ca72bfc9835bf1f"}
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