Chinese Malls Waive Rents as Vacancies of 30 Percent Loom

TaiKoo Hui Mall, Guangzhou, China | Source: Shutterstock

BEIJING, China —Chinese landlords are forgoing rent and paying to outfit stores for mass-market fashion brands including Zara and H&M, a bid to blunt the impact of a boom in shopping-mall construction that threatens to push up vacancies.

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Photo Diary | Milan Men’s Fashion Week, Day 3: Diesel, Emporio Armani, Gucci, Etro, Canali, Fendi

Emporio Armani Spring/Summer 2014 | Photo: Sonny Vandevelde

MILAN, Italy — As Milan Men's Fashion Week continues, our trusty contributing photographer Sonny Vandevelde provides us with behind-the-scenes photos from the Diesel, Emporio Armani, Gucci, Etro, Canali and Fendi shows.

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Summer Suit Making a Comeback for 2014 in Milan

Source: Associated Press

MILAN, Italy — The summer suit makes a huge comeback for next year's warmer months, in more shapes, fabrics and colors than ever before. Once a lightweight copy of the classic winter style, the 2014 summer suit, which dominates the runway on the third day of menswear preview showings as it has throughout Milan Fashion Week, has a life all its own.

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China’s Anti-Corruption Campaign is Masking the Real Causes of the Luxury Slowdown

A Gucci store in Beijing | Source: Shutterstock

Contrary to numerous reports, broad changes in Chinese consumer behaviour and sentiment — not the country’s much publicised anti-extravagance campaign — are the likely causes of China’s luxury slowdown, says Anne Zhang, a reporter for Chinese business magazine CBNweekly.

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Luxury Spending in Europe Hit By Drop in Tourist Demand

Tourist shopper at Louis Vuitton boutique | Source: Reuters

PARIS, France — Most luxury goods groups will not publish first-quarter figures until at least later this month, but anecdotal evidence is growing of at least a temporary slowdown in spending by travelers, which analysts say could be linked to worries about the global economy and tax increases in Europe, as well as the tough stance taken by China's new president Xi Jinping on illegitimate gift-giving.

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