Research
May 12, 2020
Nordstrom plans reopen as luxury retailers struggle during shutdowns. Image credit: Nordstrom
By Dianna Dilworth
The luxury market is likely to contract 20-35 percent this year, as the COVID-19 pandemic has shut down the world and brought business across luxury sectors to a halt, according to an updated Bain & Company report.
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","iv":"2360851b104dc5ba51a037283bc38d75","s":"644e7021e97ef1cb"}
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