4.9 (294) · $ 4941.50 · In stock
Description
An RBC study surveyed Chinese Millennial consumers, and the data points reflect their top responses for the luxury market.
Single-day sales at a Louis Vuitton store reached as much as 10 million renminbi, or $1.48 million, according to Chinese social media Xiaohongshu.
Revenge Spending Returns for Chinese New Year – WWD
The handbags start from 1,070 pounds and range up to 26,300 pounds; meanwhile the jewelry starts at 970 pounds and fetches up to 1,450 pounds.
Matches Partners With Sellier on Vintage Chanel, Hermès Bags – WWD
Product launches are being moved to China and high sales targets are set, hoping to offset the losses from the rest of the world.
China Has Become a Testing Ground for Luxury Brands – WWD
Chinese shoppers are finally starting to snap up high-end handbags, shoes and jewelry again, giving the luxury goods industry hope that a recovery from the coronavirus pandemic is on the way.
Luxury brands rebound in China, but they've been changed by coronavirus forever
According to data obtained by Bernstein, same-store sales growth at China’s MixC shopping malls grew 26 percent year-over-year for the five months ending May.
China's Offline Luxury Consumption Tops Growth Expectations: Report – WWD
The way consumers in China are shopping for luxury goods is changing amid the pandemic, with more purchases happening locally because of shelter-in-place protocols and travel restrictions.
Luxury Goods, a Market Many Consumers in China Shopped for Internationally, Is Now Making Headway Locally - Insider Intelligence Trends, Forecasts & Statistics
One of the biggest financial news stories right now is China’s economic boom and the rise of the Chinese luxury consumer. In 2011, the international accountancy firm Ernst & Young reported that China was the world’s biggest IPO market. This was due in large part to the Hong Kong Stock Exchange, which raised more than…
Fear of a Chinese Luxury Consumer Market
The world’s largest luxury market has shown great resilience and delivered promising results for those who got their China strategy right.
China to the Rescue – WWD
Luxury Powerhouses Aren't Just Betting On Chinese Shoppers, They're Investing In Chinese Talent
Luxury brands are leaning into heritage and archives, knowing pedigree and rare savoir faire offers reassurance and prestige.
Luxury Brands are Leaning Into Heritage to Engage Consumers – WWD
A reduction in international travel is creating an exponential boost in domestic spending.
China's Unstoppable 2020 Luxury Market