Luxury goods: why elite brands are weathering the pandemic better than high street retailers

©TEA via [[www.123RF.com 123RF]]</span>Clothes shops are among the worst hit retailers from the coronavirus pandemic. Sales in the UK are still well down on pre-March levels. Big players such as H&M and Gap are closing stores, and jobs are being lost. Strikingly, luxury brands appear to be weathering the conditions relatively well.
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