Luxury pilgrimages bring tourists to Japan to scoop up high-end goods. Brands like LVMH would rather they notChinese shoppers travel to Japan for luxury goods due to lower prices driven by weak yen, creating a surge in visitors and boosting Japan's retail sales.
Rod Manley to Leave Burberry as Chief Marketing Officer at Year EndBurberry's chief marketing officer Rod Manley is leaving the company later this year. Despite macro challenges, Burberry faces a decline in revenue and operating profit.