A received wisdom about retail is that, in tough times, shoppers trade down and the cheapest retailers win. With the war in Iran closing its fourth week and Europe facing higher inflation and worries of slowing growth, that logic should be taking hold. But one corner of the market — low-priced fashion — may be less of a beneficiary this time.
零售业有一种约定俗成的看法：在艰难时期，消费者会降级消费，最便宜的零售商会胜出。随着伊朗战争进入第四周、欧洲面临更高通胀并担忧增长放缓，这一逻辑本应开始显现。但市场中的一个角落——低价时尚——这一次可能受益较少。
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