The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The country’s Nikkei index slipped on Thursday as investors tempered their optimism regarding a potential economic rebound, Reuters reported. The share average was boosted by Uniqlo owner Fast Retailing after its stock jumped 4.58 percent.
This week, the index rallied above the 30,000 level for the first time in over three decades. But the country’s retail and tourism sectors are still reeling from the pandemic: retail sales declined 0.3 percent in December compared to 2019, according to data from the Ministry of Economy, Trade and Industry. Meanwhile, the country’s National Tourism Organisation reported that foreign visitors were down over 98 percent year-on-year in January.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.