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.
Japan’s retail sales surged in April, compared to the same period last year, largely thanks to the comparatively low base of figures in April 2020, when the country’s Covid-19 restrictions were even stricter than those currently in place.
Year-on-year, retail sales rose 12 percent, the government said on Monday, citing a strong appetite for general merchandise and clothing, in particular. This said, on a seasonally adjusted month-to-month basis, retail sales were down 4.5 percent, as recent measures to combat the pandemic are dealing a blow to consumer sentiment.
There is widening concern that Japan’s economy could fall into recession in the current quarter, after the government extended a state of emergency for Tokyo and other major areas until June 20, which is likely to further hurt consumer spending over the next few months.
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.