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Footwear consumption in Argentina fell from the record figure of 147 million pairs in 2015 to 138 million pairs last year, a decline of 6.2%. In the course of last year, sales of imported shoes increased, from 21.6 million pairs in 2015 to 27.4 million pairs in 2016.
In spite of certain designers efforts to breath new life into Crocs (looking at you Christopher Kane), the US footwear brand has struggled against declining sales and is set to close up to 160 stores.
Research companies Boston Consulting Group (BCG) and Bernstein have said luxury brands “need to examine” their retail networks across Asia.
Tax Free World Association (TFWA) has worked with Counter Intelligence Retail to release a new report on watches and jewellery.
Hong Kong’s current retail slump has affected retail rents that have also dropped accordingly in the second quarter of 2016.
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