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JAPAN'S RECENT THIRST FOR THRIFT

japan thrift store

The NY Times has an interesting article about Japan’s shifting trend away from luxury shopping. As their economy chugs along customers are looking to megastores and thrift shops for their purchasing needs. As the Times reports, “Not long ago, many Japanese bought so many $100 melons and $1,000 handbags that this was the only country in the world where luxury products were considered mass market. Even through the economic stagnation of Japan’s so-called lost decade, which began in the early 1990s, Japanese consumers sustained that reputation. But this recession has done something that earlier declines could not: turned the Japanese into Wal-Mart shoppers.” Read the entire article.

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