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Surveillance: 2023 Expectations with Knutzen

Bloomberg Surveillance

00:00

Will the Reopening of China Really Help Retailers?

The reopening of china Will actually allow a lot of these retailers to buy goods at lower or more compelling pricing tina. What's going to be sticky is higher labor costs. Promotions will be higher than they were in 21 They'll be higher than the first half of 22 But hopefully we're not going back to 2019 levels.

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