Coronavirus & The Impact On Luxury Goods and Retail
Published on: March 6, 2020 • Duration: 3 minutes
Roger Hirst and Refinitiv's Director of Consumer Research, Jharonne Martis, discuss how the coronavirus has already had a negative impact on luxury retail brands such as Michael Kors, Jimmy Choo, Versace, and Burberry because of their dependence on Chinese customers to bring in revenue. These retailers are already preparing for a major blow to their upcoming quarterly earnings reports--but are all retailers suffering in this market environment?
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