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 government announced August 17 plans to extend its current state of emergency until mid September while adding seven prefectures to its list, in a move economists forecast will dampen consumption by 1 trillion yen ($9 billion) and 3 trillion yen ($27 billion), The Japan Times reports.
Japan’s retailers have already struggled to recover from the pandemic, in the wake of rounds of restrictions that aimed to curb the spread of Covid-19 before the Olympic Games in July. Top department stores in Tokyo and Osaka this week began imposing tougher restrictions by blocking access to their grocery floors after experts advised the government to impose stronger measures. The delta variant’s spread could hamper the market’s recovery further, despite ongoing vaccination efforts.
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Japan’s Department Stores Clash With Government Over ‘Extravagant Goods’
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.
This week’s round-up of global markets fashion business news also features Brazil’s JHSF, the Abu Dhabi Investment Authority and the impact of Taiwan’s earthquake on textile supply chains.
This week’s round-up of global markets fashion business news also features Dubai’s Majid Al Futtaim, a Polish fashion giant‘s Russia controversy and the bombing of a Malaysian retailer over blasphemous socks.