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The China Edit | Hermès Reports China Recovery, Chinese Shoppers' Share of Global Luxury Sales Drops

This week, Hermès joins luxury brands reporting a recovery in China, and Chinese shoppers' share of global luxury purchases drops to 30 percent.
Hermès store in Dalian, China | Source: Shutterstock
By
  • Helena Pike

"Bain: Chinese Shoppers' Share of Global Luxury Purchases Drops to 30 Percent" (Jing Daily)
"2016 marks the first time in history that Chinese consumers contributed less to global luxury sales than they did the year before, according to Bain & Company's annual industry 'Bain Luxury Study' report."

"Hermès Joins Luxury Brands Reporting Chinese Recovery" (Bloomberg)
"Revenue climbed to 1.26 billion euros ($1.4 billion), Paris-based Hermès said, beating estimates."

"China E-Commerce Giants Head to Countryside for New Customers" (Bloomberg)
"Singles' Day on Nov. 11, marks the biggest shopping promotion of the year for both Alibaba and JD as consumers outside the megacities are opening their wallets more."

"Niche Fashion Labels Bridge Gap Between High Street and High End in China" (Jing Daily)
"Alternative brands are increasingly being made available as an option between fast fashion and top high-end luxury brands, initiating a new era of popular fashion in China."

"Why Hong Kong Is So Important for Alessandro Dell'Acqua" (South China Morning Post)
"The Italian designer talks about his inspirations, how the fashion industry has changed and why he's opened his first store in Hong Kong."

In This Article

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