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":"17d816339530f8f2a1217339333b47d5","s":"fcfc5de7ed813ec0"}
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