Fast Retailing Co. blamed the decrease on pandemic-related restrictions in China and the weaker yen, as well as the warmer weather in November.
Retail-hungry Filipino residents, freed from pandemic restrictions, are splurging on fashion.
The next WRC will be held in Barcelona from April 25th to 27th, 2023, with the theme of “Retail Leadership in Extraordinary Times.”
The data unexpectedly marked the largest drop in eight months since March 2022 (-13.8%), mainly due to the pandemic’s impact and the global economy’s slowdown.
As of December 31, 2021, Vivienne Westwoodmanaged to increase revenue to ￡66.2 million from ￡42.1 million in the previous year.
In the last two weeks of 2022 (December 16-29, 2022), Luxury Brands in China Bi-weekly by Luxe.CO has compiled a list of 30 luxury brands that have launched Year of the Rabbit Spring collections.
Separate data showed Japan’s jobless rate fell to 2.5% in November and down from 2.6% in October.
“Inflation altered the way U.S. consumers approached their holiday shopping – from hunting for the best deals to making trade-offs that stretched gift-giving budgets.”
From January to November, the total retail sales of consumer goods were 399.190 billion yuan, down 0.1% year-on-year.
