The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
HONG KONG, China — According to a closely watched report recently published by Bain & Company, a consultancy, and Italian luxury goods trade organization Altagamma, luxury sales growth in China has started to slow. Consumer spending on luxury apparel, accessories and other personal items is expected to climb by a relatively modest 8 percent in 2012, compared with 30 percent last year, leaving many wondering where future growth
Marks & Spencer to Cut 1,230 Jobs (WWD) Marks & Spencer’s chairman expects its “gross profit margin to be 1.75 percentage points lower than the previous year,” and plans to cut 1,230 jobs. New Year, bad news (Just Style) The “disastrous holiday sales will spark a domino effect of store closures and bankruptcy filings over the next couple of months.” Calvin Klein, Michael Kors Confirmed For New