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The China Edit | London Retail, Prada, Uniqlo, Luxury in Hong Kong

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.
By
  • Kate Abnett

"London Fashion Stores Set for Double Lift(The Financial Times)
"London is poised for a double boost over the next few days, as London Fashion Week coincides with the lunar new year holiday for the first time."

"Prada Full-Year Sales Drop as Tourist Spending Falls" (Bloomberg) "Prada SpA reported full-year sales that trailed estimates as fewer Chinese shoppers splurged on $2,950 leather handbags and other luxury products."

"Uniqlo Owner Cuts Hours at China Factories After Criticism" (Bloomberg) "Fast Retailing Co., Asia's biggest clothing chain, said two of its China-based suppliers are reducing working hours following a report that criticized the factories making its Uniqlo garments for labor abuses."

Should Luxury Retailers Give Up On Hong Kong?

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 (Jing Daily)

While tourist locations across Asia, Europe, and North America have been going all out to attract Chinese travelers for the 2015 Lunar New Year holiday, mainland shoppers have received a much chillier message in Hong Kong."

"China's Economy to Grow About 7 Percent this Year" (Reuters)
"China's economic growth could slow to between 6.9 percent and 7.1 percent this year as the country fends off deflation risks, the head of the Chinese central bank's research bureau said."

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