Highlights
Japan Retail: fashion falls out of step with the market
Although inflation is cooling and the macroeconomic situation in Japan is stabilising, consumer confidence remains fragile. Against this backdrop, the fashion industry appears to have fallen out of step, with clothing and footwear prices remaining high while demand continues to weaken. This is evident in the continued decline in apparel and textile sales, contrasting with the resilience of the broader retail sector. At the same time, the weak yen is inflating import costs, forcing footwear companies to pay more without achieving significant increases in sales volume
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