Hard luxury in China

Hard luxury thrifting is gaining ground in China. Will it last?

With more secondhand luxury marketplaces setting up shop in China, macroeconomic concerns have consumers defying the country's rebounding high-tier spend.

Which hard luxury brands are winning Chinese social media ...

Which hard luxury brands are winning Chinese social media engagement? · On this page · Published April 11, 2024. Luxury · What spurred on the local newcomer ...

Hard luxury in China: Today's potential comes with rich, storied history

China's hard luxury market, rooted in history but fueled by recent economic growth and evolving consumer preferences, is a dynamic landscape.

China luxury spend is down but confidence is up | Vogue Business

A year on from the first quarterly study into China's luxury market, consumer insights from Vogue Business and Barclays Research point to a sustained slowdown.

China's luxury market: shifting consumer values & retail experience

Chinese consumers invest in hard luxury products, with luxury bags, jewelry and ready-to-wear apparel becoming the most sought-after products.

China's Economic Woes Hit Global Luxury Brands Hard - Finimize

China's luxury market accounted for 16% of global luxury spending last year, but a downturn is now on the horizon as middle-class consumers cut back on high-end ...

China's Luxury Market Set for Moderate Growth | BoF

In the second half of last year, Chinese luxury spending outside the country was still less than half of its pre-pandemic levels, stifled by ...

Luxury Goods - China | Statista Market Forecast

Luxury Goods - China · Revenue in the Luxury Goods market amounts to US$101.70bn in 2024. · The market's largest segment is the segment Luxury Watches & Jewelry ...

Chinese Luxury Consumers - Trends and Challenges ... - Martin Roll

The global luxury market is forecasted to grow at an annual rate of 3 to 5% until 2025, with Chinese consumers contributing to 46% of global luxury spending.

Long Live Luxury: Converge to Expand through Turbulence

Chinese consumers should regain their pre–Covid-19 status as the dominant nationality for luxury goods, growing to represent 35% to 40% of ...

Luxury goods market in China - statistics & facts - Statista

Chinese luxury consumers shopped a wide range of products, including watches, jewelry, fashion, cosmetics, fragrances, leather goods, and eyewear.

Luxury brands hit hard in China slowdown fear worse to come - AFR

Executives at European luxury brands including LVMH, Burberry and Hugo Boss may hope this is a blip, but it's not clear how China will turn ...

China's Cooling Luxury Market: Even Ferrari Falls Out of Favor

A watch costing hundreds of thousands of dollars, sleek Western sedans and sports cars, renowned Bordeaux labels, Cognacs, cigars priced at € ...

Luxury market outlook | J.P. Morgan Research

However, China's reopening is a tailwind for the sector, especially as Chinese consumers are a major driver of luxury spending. Upscale brands — along with hard ...

China Luxury Market Size, Share & Growth | Report [2032]

Challenges and Opportunities: The luxury market in China is extremely competitive, with many businesses fighting for customer attention. New entrants and ...

China Luxury Goods Market - Size, Share Analysis & Growth Trends

The China luxury goods industry is fragmented with the presence of many international and local players. Major players in the market include LVMH Moët Hennessy ...

China Luxury Market in 2024: Top Brands & Case Studies

How do Chinese consumers purchase then? Chinese luxury consumers used to travel a lot to benefit from low taxes in duty-free shops and unique ...

Why are luxury brands having a hard time in China? - Quora

Luxury brands in China have faced several challenges in recent years. Some of the reasons include: 1> Economic Slowdown: China's economic ...

The Luxury Outlook in China Just Keeps Getting Worse

Luxury companies' sales are tanking in China due to slowing consumer demand. · Chinese consumers are putting their money into safe assets rather ...

Exploring China's Luxury Market: Emerging Trends and Prospects

China has around 780,000 individuals with investable assets exceeding US$1 million, accounting for 42 percent of luxury sales. Brands are ...