China enters 'new normal' for luxury market with flat sales expected in 2025, report says
China's luxury market declined by 18% to 20% in 2024, marking the end of a period of "exponential growth", with sales ...
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Luxury brands find success in China through adaptability, store upgrades
Luxury brands are increasingly embracing adaptability and steadiness in the Chinese market, positioning themselves for ...
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Chinese Consumers: Apparel Brand Loyalty Is ‘Fleeting’
Consumers in China are brand loyal when buying luxury goods, but that's not true for apparel where shoppers are likely to ...
Flat sales in China’s luxury market are the ‘new normal’ – report
China's luxury market declined by 18 per cent to 20 per cent in 2024, marking the end of a period of "exponential growth", ...
How ‘dupes’, fast fashion and China’s economic slowdown spell disaster for the luxury sector
Alarm bells are ringing across the high-end sector. 2024 did not end as luxury brands had hoped, and the figures published by ...
China’s luxury sales see biggest drop in a decade amid economic slowdown
Luxury giants like LVMH and Kering have shed hundreds of billions of dollars in their market value. Read more at straitstimes ...
Diamond Prices Are Crashing
With declining demand in Asia and competition from lab-grown alternatives, the gemstone appears to have lost much of its luster.
Prada defied the China-led luxury slowdown—its CEO is bullish Chinese shoppers will return
Prada Group's revenue has been soaring, thanks to the raging popularity of Miu Miu, the sister label where Miuccia Prada is ...
China’s Luxury Sales See Biggest Drop in a Decade Amid Slowdown
China’s luxury market sales are estimated to have plunged as much as 20% in 2024, the steepest since at least 2011, as the country’s economic slowdown dents consumer confidence, according to ...