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BoF Daily Digest | Unprecedented Japanese downturn, Badgley Mischka lowers prices, New retail technologies, Amazon sales up
Takashimaya in Japan
Bank Sees Japan Retailers In ‘Unprecedented’ Downturn (WWD)
Deutsche Bank forecasts that three departments stores including Isetan and Takashimaya Japan “are heading into a prolonged and unprecedented sales downturn.”
Badgley Mischka to Lower Prices (WSJ)
With consumer confidence low, Badgley Mischka responds by lowering its prices.
The Latest in Retail Technology (WSJ)
New technologies such as scent machines are becoming more abundant in order to motivate shoppers to open their wallets.
Amazon Sales Up While Most Retailers Suffer (Seeking Alpha)
Amazon has posted strong sales with spending per customer up 17%.
