New Market Research Report: Luxury Accessories in Japan
After the 11 March disaster in 2011, the mind-set of Japanese consumers shifted towards quality rather than quantity as well as value for money. Luxury accessories, such as bags, fit into this demand and the category managed to grow 2% in value terms in 2012. Japanese consumers returned to luxury shopping but with a more selective attitude, after having held back during the first half of 2011.
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