Japan’s Department Store Shares Lag as Tourist Splurge Slows The once-thriving landscape of Japan’s department stores is facing a significant downturn as the usual influx of tourist spending dwindles. The country, known for its bustling retail hubs and luxury shopping experiences, is now grappling with a sharp decline in tax-free sales at department stores nationwide. […]
Luxury Sector Faces More Gloom as Bain Cuts Sales Forecast
Luxury Sector Faces More Gloom as Bain Cuts Sales Forecast The luxury sector, known for its resilience in the face of economic downturns, is now experiencing a significant blow as consultancy Bain & Co slashes its sales forecast for the year. The renowned consultancy has predicted a global decline in luxury goods sales ranging from […]