Without tourists, Europe's luxury shops struggle to reopen in style
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MILAN (Reuters) - As European luxury shopping capitals from Paris to Milan slowly emerge from coronavirus lockdowns, stores are reopening to a trickle of customers, and virtually no tourists.The absence of big-spending travellers, particularly from China, the Middle East and the United States, is a major drag on sales as, depending on the brand, they provide between 35% and 55% of revenues in Europe. With a global recession looming, and fears of a second wave of infections, there seems little..