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Thrift Bug is Now Japanese Beetle

Images + Post By: | September 22, 200912 Comments


The New York Times is reporting that thrifty spending is the newest trend in Luxury obsessed Japan. Seiyu, the Japanese division of Wal-Mart began turning a profit last year for the first time in seven years and sales at Louis Vuitton-  Japan’s must have handbag have absolutely plummeted. Second-hand shopping and low-cost jeans are apparently all the rage with the teens-as Japan’s economical issues have caused a deflationary gap of 40 trillion yen.

Via: New York Times

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