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Saks CEO: Pandemic shoppers sought comfort in luxury
1/22/2021

Affluent consumers spent on luxury goods during the pandemic, despite the reduced need for new fashions and other indulgences, Saks Fifth Avenue CEO Marc Metrick said during NRF 2021: Retail's Big Show -- Chapter 1. "I think what we learned is [consumers] view luxury as the comfort food of retail," Metrick said.

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