<p>Louis Vuitton Cancels Tokyo Flagship Shop</p>
<p>The world's largest luxury goods conglomerate has been stung by the international economic slowdown. LVMH Mo Hennessy Louis Vuitton SA has deserted its plans for a Louis Vuitton flagship store in Tokyo's Ginza shopping district, proving that even the strongest international luxurious brand names can't weather the downturn. The shop was because of for completion in 2010, stated an formal for the developer, Hulic Co.</p>
<p>Growing up in the '80s,nike dunk heels, I remember Japan becoming the most concentrated source of revenue for luxurious brands. Louis Vuitton. Gucci. Hermes. It's a country that's always been renowned for its thirst for luxurious items. Japan has been a significant marketplace region for LVMH,cheap nike heels, which has 56 shops in the nation. So I'm surprised by the company's latest announcement.</p>
<p>Japanese consumers are increasingly forgoing luxury brands for smallerticket items and buying and selling down for designerlike goods at chain shops this kind of as H and Zara. In accordance to a luxury research by Bain Co.,nike high heels, Japan's luxury marketplace, which is 12 % of the international complete, is currently in a luxurious items recession and is anticipated to decline by seven % this yr, vs. a two % decline in 2007.</p>
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