Luxury brands hit by drop in tourist spending in Europe and Japan
Currency swings sap spending power of American and Chinese travellers overseas
Currency swings sap spending power of American and Chinese travellers overseas

High-end retail is caught in an identity crisis. Can slighted shoppers be persuaded to start spending again?

Department stores among those hit by double-digit drop in duty-free sales in recent months

As much as 40% of designer goods were sold at steep markdowns this year, analysts say

Shoppers in the industry’s biggest two markets opt for domestic alternatives to long-dominant old guard

Second-tier brands and retailers are starting to stretch their tendrils upwards

Despite fears of a sharp downturn amid foreign visitor boycotts, the sector has had a decent summer. But some predict the…