The coronavirus epidemic could wipe out $43 billion of luxury sales in 2020 - Business Insider

Richemont, which owns Cartier, is one of the luxury brands that is most exposed to the Chinese market, according to Bernstein.Luxury execs are expecting the coronavirus epidemic to cost the luxury market as much as €30 to €40 billion in sales, according to a new survey done by Bernstein and Boston Consulting Group.

Bernstein partnered up with Boston Consulting Group to survey a group of 28 senior executives from a selection of luxury brands to find out what impact they expect the virus to have. . Beyond these physical constraints, a decline in shoppers' morale means that those that do have access to stores or the ability to shop online, may not be in the mood to shop.

An effort to shut down global mining of royalties by citizens of the world. You can quote me on that.

good

And nothing of value was lost.

No more waiting lists to wait finally...

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Major American companies are reeling from coronavirusA growing number of major American companies — including United Airlines and Mastercard — are saying coronavirus is hurting their business. Now now they will be fine by April 'the heat will take care of it' It’s only just begun. Of course it will hurt them. Why don't they channel their resources into finding a cure rather than spreading the virus all over. When we stop thinking of only ourselves and pockets then can we save humanity .
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People are selling medical face-masks on Facebook in bulk amid coronavirus fears - Business InsiderThe spread of the novel coronavirus means business is booming for mask-selling entrepreneurs on Facebook. DontezAkram
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »