Luxury goods: why elite brands are weathering the pandemic better than high street retailers
Shaun Borstrock | The Conversation 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. Certainly, they have been enduring losses, but we have not seen – and are unlikely to see – much in