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  "docSlug": "jarvis-bain-luxury-and-coronavirus-figures-trends-and-ceo-agenda",
  "documentTitle": "Bain Luxury and coronavirus figures trends and ceo agenda",
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  "notes": "Uses directional arrows to represent performance trends over time (weeks 1-18).",
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      "kind": "list",
      "text": "Flattish performance, with Middle Eastern customers redirecting their spending locally/ in the region. Slowdown accentuated starting from mid-March as a consequence of increasing lockdown measures.",
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      "text": "Negative performance driven by strong reduction of Chinese tourism and local luxury spenders showing signs of slowdown. Mixed performances varying by country.",
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      "text": "Flat performance in January; followed by slowdown from tourists, and then from local spending. Latest weeks strongly impacted by the fear of a second wave of outbreak and the extension of the declared state of emergency.",
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      "text": "↑ → ↓ REAL TERM TREND YTD 19E-20E",
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      "text": "Source: From interviews with selected luxury brands panel",
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      "text": "YTD trends across key geographies – focus on retail sales from selected luxury brands panel",
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      "text": "Rest of Asia, Japan and Rest of the World were slightly more resilient, sustained by local purchases",
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      "text": "YTD APRIL 2020 PERFORMANCE | GEOGRAPHIES",
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