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":"f7060b1fe7012fb11366112602fed567","s":"7ccf2e956891c7dd"}
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