People wearing face masks walk in Tokyo’s Ginza area. An huge drop in foreign nationals arriving in Japan this year has left the luxury retail market reeling. Photo: Kyodo News via Getty Images
Japan luxury retail in dire straits – but will bounce back, analysts say
- The stylish boutiques of Ginza, Omotesando, Shinjuku and Harajuku are all but devoid of shoppers as the pandemic keeps foreign arrivals away
- But savvy luxury brands are in it for the long haul and short-term fluctuations are not major challenges, one expert says
People wearing face masks walk in Tokyo’s Ginza area. An huge drop in foreign nationals arriving in Japan this year has left the luxury retail market reeling. Photo: Kyodo News via Getty Images
