Department stores can use off-price subsidiaries to fight against resellers
Posted By Danny Parisi On In Featured,Industry sectors,News,Research,Retail | No Comments{"ct":"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","iv":"88f74fbd5fde43c34d133ecde834c4b3","s":"f8d124e9dd8b1188"}