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Why LVMH, Kering Are Well-Positioned For Recovery, 'Revenge Buying' At Hermes
Monday, May 11, 2020 - 7:59am | 546Global sales of personal luxury goods are expected to fall 60% in the second-quarter of 2020 due to the coronavirus pandemic, according to a Bain & Co. report. Last week, the Ares Management Corp (NYSE: ARES) co-owned, high-end retailer Neiman Marcus became the first large department store...
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Is The Coronavirus An 'Existential Threat' For Retailers?
Monday, April 6, 2020 - 4:39pm | 1072The coronavirus pandemic represents an "existential threat" to the entire retail sector and there will be a "fundamental changes" to the longer-term business model, Steve Sadove, former chairman and CEO of Saks, said in a Thursday CNBC "Squawk Box" interview....