New Market Study, "Apparel in Taiwan", Has Been Published
Taiwan's economy recorded low growth in 2012 and consumer confidence remained weak throughout most of the year as a result of the price hike in oil, rents and food. Consumer expenditure on apparel weakened as Taiwanese consumers cut back on unnecessary spending and turned to cheaper alternatives offered through hypermarkets, online retailers and other non-grocery retailers such as street vendors and night markets. Low sales activity prompted retailers to engage in several price-reduction...
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