Names like Chanel, Louis Vuitton and Michael Kors show up among the favorite brands for Alibaba’s super-high-end consumers.
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Elliott and others note that extensive competition among storage vendors is going a long way toward creating more open and flexible storage systems. “That’s good for users,” Goodwin says. With the number of options increasing, retailers should carefully invest in storage systems only where they can find an immediate return, he cautions. “Think strategically and buy tactically,” he says.