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Nov14
Gucci Opens Flagship in Japan's Ginza District
Eight floors of Gucci?  Yes, dear Gucci lovers, this is the new sight you will see in Japan’s Ginza district.  Gucci has just opened a flagship store - a move that the company has made because Japan is the biggest market for the luxury brand.  According to this article, sales volume in this region accounted for 22 percent of the company’s returns last year.     

However, with Japan’s currency falling, analysts say that there may be challenges in selling goods with the economy the way it is.  A researcher at Yano Research Institute in Tokyo is quoted as saying, "Consumer spending patterns have changed, and some people are tired of expensive goods, instead investing in studying, or on spas and recreation.'' [Source: Bloomberg.com]

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« Bradd Pitt and Vanity Fair: My 2 Cents | Main | Copyright Fashion and the Fashion Cycle: Thoughts and Dialogue »

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