Feb
09
Gucci-Buying Chinese Boost Japanese Premium-Mall Sales to Record
By-
itsubishi Estate plans to open a new high-end outlet in 2018
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Overseas visitors to its malls surge more than 80 percent
Chinese tourists buying million-yen watches and luxury brands helped boost sales at Japanese premium outlet malls owned by Mitsubishi Estate Co. to a record last year, as a weaker currency led to a surge in bargain-hunting visitors.
Premium outlet sales jumped by more than 10 percent to between 300 billion ($2.6 billion) and 350 billion in 2015, Yutaka Tajima, a senior executive officer at Mitsubishi Estate, said in an interview in Tokyo Monday. He is targeting higher sales this year, he said…
Gucci-Buying Chinese Boost Japanese Premium-Mall Sales to Record
