Chinese tourists buying Gucci make Japan exception to global luxury slump
TOKYO -- Japan has been a bright spot in the worldwide gloom over LVMH, Kering and other luxury groups. A big reason: Chinese tourists taking advantage of a weak yen.
A 30-year-old Chinese woman who gave her name as Snow bought a bag and two accessories from a Gucci shop at the Matsuya department store in Tokyo's Ginza district this month. The total came to about 520,000 yen ($3,390).