Tourism Having Positive Effects on Personal Accessories in Russia

Personal accessories in Russia grew last year in local currency, but declined in US dollars. This decline could have been worse, but there are factors at play creating a positive effect in the industry. First, less Russians are leaving the country to buy personal accessories in other countries, and secondly, more tourists are coming into Russia due to the decline of local currency. Those tourists are buying luxury personal accessories in Russia when they travel, leading to more personal accessories companies targeting Russia.

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