China's luxury market loses shine as Bain study shows spending ...

Luxury spending in China has seen a sharp slowdown this year – a drop in line with a fall in broad consumer sentiment and tourism outflows ...

Bain & Company study highlights slump in Chinese luxury goods ...

Amid the slowdown in the Chinese luxury market, the study revealed that Japan's personal luxury goods market – worth €33 billion – is likely to ...

China's luxury market loses shine as Bain study shows spending decline | South China Morning Post - NetDania News.

China's luxury goods market loses shine as Bain ... - Anticasantalucia

Spending on luxury goods in China has slowed sharply this year – the decline matches falling consumer sentiment and a flight of tourists to ...

China's luxury market loses shine as Bain study shows spending ...

[World] - China's luxury market loses shine as Bain study shows spending decline | South China Morning Post.

John on X: "China's luxury market loses shine as Bain study shows ...

China's luxury market loses shine as Bain study shows spending decline https://t.co/inU7rqh09h.

Global luxury spending to land near €1.5 trillion in 2024, remaining ...

As a result, Bain expects the personal luxury goods market to see its first slowdown since the Great Recession, excluding Covid, experiencing -2 ...

China's Luxury Market Set for Modest Growth in 2024 | USLUX

This figure is projected to fall to around 70% this year as more Chinese consumers are able to travel abroad, Bain says. Chinese luxury spending ...

China's rich ditch flashy luxury as global sales stall, says Bain

China's richest people are avoiding flaunting their wealth in favour of more discreet fashion, according to a report published on Tuesday by ...

Luxury sales continue to rebound in China - SHINE News

A mid-single-digit annual growth is expected for the coming year, and China remains a leading market in the global luxury landscape, said Bain & ...

China's luxury market loses shine as Bain study shows spending ...

China's high-end consumers have had a tighter grip on their wallets this year, with study from Bain & Company showing less luxury spending.

Hong Kong loses luster for luxury brands as mainland China shines

Despite China's economic slowdown, shoppers are continuing to spend heavily on luxury – but they are increasingly staying at home because of a weaker yuan ...

Brands must reorient as luxury sales lose shine - Global Times

Has luxury shopping in China lost its allure? In a report issued last month, Bain & Company described China's luxury market as undergoing a ...

Retailing: Latest News and Updates - South China Morning Post

China has seen a drop in consumer spending on luxury goods, a reflection of broader · China's luxury market loses shine as Bain study shows spending decline ...

Hong Kong loses lustre for luxury brands as mainland China shines

"Local customers cannot sustain the 1,000 stores in the mid-term," said Federica Levato, a partner at Bain in Milan. Luxury sales in Hong Kong, ...

China Grapples With Investment Challenges Amid Property Market ...

According to Bain & Company's latest Luxury Goods Worldwide Market Study, top-tier consumers in China are tightening their belts. Reports ...

LVMH Doesn't Have the Luxury of Pulling Back From China - WSJ

China is the world's second-biggest luxury goods market, and it still has room to grow. Chinese shoppers spent $50 on luxury goods in 2022 on a ...

(PDF) Research on the Chinese Luxury Market Consumption under ...

Online sales of luxury brands in China grew 88%, accounting for 21% of the market,. up to $14.1 billion [5]. In 2021, the online luxury market in China ...

Study says global luxury goods market will shrink in 2025

Global luxury goods sales are projected to decline in 2025 for the first time since the 2008 recession, according to a Bain consultancy ...

2023 China Luxury Goods Market: A Year of Recovery and Transition

Geographic breakdown for Chinese luxury goods spending ... Source: Korea Duty Free Shops Association; Analyst report; Lit research; Bain analysis.