1 link tagged with all of: economics + bankruptcy + retail + luxury + strategy
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The article discusses the challenges facing luxury retail, including high inventory costs, competition from direct brand sales, and recent bankruptcies like Saks and Neiman Marcus. It suggests a shift toward becoming cultural destinations with curated experiences and improved economics to attract and retain customers.
luxury ✓
retail ✓
bankruptcy ✓
strategy ✓
economics ✓