WebDec 16, 2024 · Mainland China’s luxury goods market will likely achieve 48% growth in 2024, reaching nearly RMB 346 billion. A decrease in global travel in the wake of the early Covid-19 lockdowns prompted Chinese … WebMar 30, 2024 · March 30, 2024, 9:48 AM · 2 min read. SHANGHAI — A new report titled “From insights to actions: a blueprint for capturing the return of Chinese luxury shoppers” by Global Blue and the marketing and digital agency Gusto Collective showed that Chinese high-spenders are ready to get on the road again, after the broader reopening in January ...
Luxury group LVMH sales surge as Chinese consumers start to …
WebApr 1, 2024 · That said, Chinese consumers remain the biggest growth opportunity for the luxury sector. Brands, clearly, will need a new approach to attracting luxury shoppers. To reactivate Asian luxury consumers in their home countries, brands can focus on creating tailored local experiences, strengthening their digital and omnichannel offerings, and ... Web7 hours ago · Sales at Birkin bag maker Hermes rose 23% in the first quarter, above market expectations, as wealthy shoppers in China and Europe splurged on luxury fashion and … phillipsport ny real estate
Louis Vuitton and the Traveling Chinese Consumer
WebSep 11, 2024 · Chinese luxury consumers: an opportunity for international brands. The clock is ticking for international brands in search of a new market to conquer. China is a land of opportunities for many brands, both domestic and international. There are more and more local Chinese luxury brands emerging across different categories to take on China’s ... WebApr 14, 2024 · STORY: From a luxury brand back in fashion, to pay outs over addictive E-cigarettes, this is the Week in Numbers. First up…$23 billion was the first-quarter sales … WebFeb 25, 2024 · The job is far from over: luxury sales in mainland China rose by 45 percent last year, according to consultancy Bain, but while China was the best performing country, sales to Chinese people worldwide actually fell by 30 to 35 percent, compared with just a 10 to 15 percent drop for European consumers. With China’s luxury consumption trapped ... phillips pork and beans