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":"93e3724243ea561232b677e1dc621a41","s":"e0e63e1bcc355862"}
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