- LVMH Plunges as China Luxury Spending Slowdown Worsens🔍
- China's Ghost Cities Are a Problem for Europe's Luxury Brands🔍
- Luxury's China worries are likely to continue — but there's still ...🔍
- China's luxury market a hard nut to crack🔍
- Luxury brands have a new headache in China🔍
- China's New Consumers of Luxury🔍
- Declining luxury consumption in China🔍
- A tale of two cities🔍
Hard luxury in China
LVMH Plunges as China Luxury Spending Slowdown Worsens
Guiony said it was currently hard to assess the potential impact on demand of such measures but “it shows that they are taking the issue very ...
China's Ghost Cities Are a Problem for Europe's Luxury Brands, Too
The global luxury industry barely grew for two years during China's anticorruption drive, which also coincided with a property-market correction ...
Luxury's China worries are likely to continue — but there's still ...
Zegna Group's revenue in China was down 22% in the third-quarter, echoing the problems of luxury companies from Burberry to LVMH.
China's luxury market a hard nut to crack - The Globe and Mail
China's luxury market is proving harder to crack than many overseas companies anticipated, even as incomes soar and economic growth exceeds 10 ...
Luxury brands have a new headache in China: Stingy shoppers are ...
This hard-to-get strategy, which focuses on cultivating wealthier ... forecasts China's luxury sales will slow to the mid-single-digits ...
China's New Consumers of Luxury - Global Trade Magazine
Several high-end brands have recently moved their Asia headquarters from Japan and Hong Kong to mainland China, apparently re-orientating their ...
China Chic: The Emergence of Chinese luxury brands
Nowadays Chinese consumers are a major driver of growth for the global luxury industry and their importance is bound to increase in the ...
Declining luxury consumption in China: Strategies for global brands
Another trend impacting luxury consumption is what we call “luxury shame.” Many affluent Chinese consumers are becoming more discreet in their ...
A tale of two cities: Luxury market trends in Hong Kong and Shanghai
On a year-over-year (YoY) basis, the common estimate is that luxury spending in China is down by 15% to 20%. Some brands are down -50%, while ...
Exhibit 5. Page 19. 19. McKinsey Insights China. Understanding China's Growing Love for Luxury. While Chinese consumers may have a hard time shaking off their ...
Global Luxury Brands Are Hard Hit By Coronavirus Fallout - Barron's
With China winding down from the extended New Year celebration, the luxury goods industry has been particularly hard hit, as the country's ...
China's rich ditches flashy luxury - LinkedIn
China is hardest hit by the slowdown, experiencing 'luxury shame' for the first time. Economic uncertainty in China has made wealthier Chinese ...
In 2024, China will Lead Luxury Fashion Growth, according to ...
Jewellery, Watches and leather goods will be the key focus categories among hard luxury goods. In 2023, in China, Jewellery and Watches took over handbags as ...
Luxury brands are slashing prices in China - Business Insider
Luxury brands like Marc Jacobs, Burberry, and Balenciaga have been offering big discounts in China to try to reel in customers following a drop in sales ...
Changes to watch out for in China's affordable luxury market
There's no question these the Affordable luxury market in China has proven a hit with Chinese consumers. ... Across the hard luxury and accessible ...
How China is shaping the future of luxury brands - Presence
Hard luxury purchases (watch and jewelry) are booming as the market becomes more mature. Shifting from product-driven to experiential luxury, ...
Survey: China's luxury e-commerce on the road to maturity (part 1)
In the words of Bain & Co, it is "another China" that is revealing itself to luxury brands, following the drastic restrictions imposed by ...
How luxury brands still lure Chinese shoppers despite slowdown
China is the world's biggest spender in the luxury sector, accounting for half of global sales. As China emerges from its coronavirus haze, ...
Chinese Luxury Consumers A new rising purchasing power
China is a new rising fashion luxury market for famous fashion luxury ... So it was not hard for us to find Chinese Dama who purchase fashion luxuries overseas.
In mid-2012 KPMG China commissioned market research firm TNS to conduct a survey of Chinese middle class consumers on their spending patterns for luxury brands.