Tsunami Effect on U.S. Luxury Market
March 22, 2011 at 13:16 PM EDT
On March 11, 2011, Japan, the world’s third-largest economy, was traumatized by a 9.0 earthquake that hit the country resulting in a tsunami of disastrous proportion. The calamity has hit hard the mature global markets on a day-to-day basis. Japan is considered to be the second largest consumer market in the world for luxury goods. [...]
