Luxury retailers grapple with tough times
High-end retail is reporting a bumpy performance, but insiders say the Asia-Pacific region remains a key focus area.
Luxury retailers in the domestic market are expected to weather tough economic conditions.
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Some luxury retailers have delayed their plans to expand in New Zealand, due to a global drop in consumer spending and a slow rebound in tourism. However, industry figures say most are still keen to keep their existing stores.
Traditionally, high-end retail has been more resilient than other parts
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