Thai political turmoil hits luxury sales

According to local media and reports by WWD, Bangkok’s prime luxury retail destinations Isetan, Central World and Siam Paragon have been reporting dramatic drops in footfall, with grounded sales across all luxury categories. Fears of safety have been keeping away wealthy consumers from luxury outlets in the past two months, with no short term end to the situation in sight. Sales are estimated to have falled as much as 60%.

Miu Miu store Siam Paragon, Bangkok