Research
October 23, 2023
Luxury shopping on New Bond Street in London. Image credit: Getty Images
By Zach James
New findings from global consulting firm Bain & Company point to high-end stores, providing industry leaders with learnings as the category continues stemming the tide of macroeconomic threats.
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","iv":"1dea76bb261d01c9d06b1980cd9e4a67","s":"0c85ec2ad308585f"}
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