According to the Japan Department Stores Association, nationwide same-store sales at member stores (81 firms, 234 stores) decreased by 2.4% in November 2016 compared to the same month of last year to 525,791 million yen, thus decreasing for the ninth consecutive month. November had one less holiday, and the sales decrease reflected stagnant domestic market conditions. Inbound sales declined for the eighth straight month with a 7.1% decline in November Sales of apparel sales decreased by 2.4% to 168,489 million yen, down for 13 straight months. Sales of winter garments showed signs of a recovery as the temperature decreased, but the recovery was not strong enough for sales to surpass […]
The Vietnam Textile & Apparel Association (VITAS) estimates that this year’s exports of textiles and apparel from Vietnam are likely to be at US$28.5 billion, which is 92% compared to initial plans of US$31 billion due to market stagnation.