New Market Research Report: Spectacles in Japan
Japan raised its consumption tax from 5% to 8% on 1 April 2014. This was the first increase in 17 years. Consumers moved to purchase goods and services in advance, before the tax increase became effective. Spectacles also benefitted from a surge in shopping demand during the first quarter of 2014. The tax increased pushed consumers to buy new spectacles, not only just replacing old items. After the tax increase, spectacles suffered from an inevitable drop in sales. Overall, retail...
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