Luxury brands have a new headache in China

Luxury brands have a new headache in China: Stingy shoppers are ...

Some brands saw up to 75% of that sales value vaporize as consumers returned or cancelled purchases in droves, people familiar with the matter said.

China's booming grey markets add woes to luxury brands | Reuters

China's second-hand and grey markets for luxury goods are booming, as price hikes from luxury brands in a weak economy are prompting some ...

FORTUNE on X: "Luxury brands have a new headache in China ...

Luxury brands have a new headache in China: Stingy shoppers are returning their goods, erasing up to 75% of their sales value.

China's Ghost Cities Are a Problem for Europe's Luxury Brands, Too

How closely is demand for $3,000 handbags tied to home prices in China? Quite closely, it turns out, which is unfortunate for luxury brands.

Tourist splurge in Japan creates new headache for luxury brands

Tourists are flocking to Japan to scoop up high-end clothes and handbags at a discount thanks to the weak yen currency. Luxury goods ...

China's booming grey markets add woes to luxury brands

China's second-hand and grey markets for luxury goods are booming, as price hikes from luxury brands in a weak economy are prompting some shoppers to look for ...

Theodore Gen Knipfing on LinkedIn: Luxury brands have a new ...

Tmall return and cancellation rates for Italian luxury house Brunello Cucinelli SpA soared to 69% from 59% in the same period a year ago, ...

Cartier Owner Richemont's Sales Fall as Luxury's China Woes Linger

Many luxury companies have been confronting a slowdown in demand. Richemont's coveted brands Cartier and Van Cleef & Arpels have helped the ...

China's ghost cities are a problem for Europe's luxury brands, too

Luxury spending in China traditionally is correlated with home prices. That is bad news for global brands that start reporting the latest quarterly results ...

There's more to China's luxury spending slump than its struggling ...

Demand for luxury goods is slowing in China, and tough economic conditions aren't only to blame for this.

Chinese firm takes on global luxury market - China Daily (HK)

The Chinese e-commerce platform Dewu has emerged to shake up the global luxury goods market by offering steep discounts of up to 40 percent ...

Luxury European Automakers Are Getting Crushed in China

The days of European carmakers dominating China's luxury vehicle market are over. Germany's BMW and Mercedes-Benz have suffered a sales ...

Luxury Labels Hit by Soaring Number of Chinese Returning Goods

During China's biggest online shopping festival last November, orders poured in for upscale labels on the mainland's dominant luxury ...

Balenciaga goods are going for 40% off in China | Fortune Asia

Balenciaga goods are going for 40% off in China as luxury brands conduct 'the equivalent of hosting a public sale on Fifth Avenue' · Related ...

LVMH: Big luxury brands suffer as Chinese shoppers hold back - BBC

It comes as Chinese shoppers cut back on expensive purchases and government censors shut down social media accounts of influencers who have ...

China's newly rich are flaunting it — and giving communist rulers a ...

“The government is facing a conflict,” said Michael Ouyang, representative of the World Luxury Association in China. “They don't want to promote ...

Why Most Luxury Brands Fail with Chinese Millennials - Jing Daily

Despite the strong growth rate of the luxury market in China, most brands still fail to address Chinese Millennials appropriately. But this ...

China's richest person has a new headache: Nationalist Chinese ...

Nationalist Chinese internet users have attacked foreign brands before. But Nongfu Spring's troubles show that even Chinese brands can get ...

Tourist Splurge in Japan Creates New Headache for Luxury Brands

Some tourists, especially Chinese, are holding off on buying designer goods at home and splurging in Japan. The yen's volatility means companies ...

Arnaud BAZIN on LinkedIn: How Japan Is Creating a New ...

As we all know, Japan's exchange rate has reached its lowest level since 1986, and Chinese tourists have been buying luxury goods in Japan for ...