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The China Edit | Art and Commerce, Eco-Chic, Mall-Building Spree, Prada

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
  • Lina Lee,
  • Lisa Wang

"Next to Burberry, a Monet" (The New York Times)
"As art and commerce mix in China, this art-retail concept has become a formidable trend in shopping-happy Shanghai. Here, art is used as a marketing tool to lure shoppers away from competitors. Those at the helm also see such exhibitions as viable forms of art education in a country where access to art can be limited to the rich and malls are destinations for young people and a new generation of wealthy women."

"A Chic Idea for China's Green-Minded Set" (The New York Times)
"A Hong Kong-based environmental movement to clean up the textile and apparel industry, one of the world's largest polluters, is recruiting young talent to make the concept of eco fashion more attractive to the urban middle class in China."

"If You Build It, Will They Come? China's Mall-Building Spree Could Prove Costly" (The Wall Street Journal)
"China is on a shopping-mall building spree of staggering proportions, and for developers the price could be high. Many Chinese consumers, frustrated with high retail prices, are now seeking bargains online and abroad. So will the massive development of all these shopping malls go to waste?"

"Hong Kong Rents Hurt by China Tourist Curbs" (Businessweek)
"Rising tensions between local residents and the tens of millions of tourists who flock across the border pulling rolling suitcases and fill the city's subway each year have prompted Chief Executive Leung Chun-ying to consider limiting their arrivals. The move could cost Hong Kong as much as HK$25 billion ($3.2 billion) in retail sales, according to Goldman Sachs Group Inc."

"Prada Dives as It Adjusts to 'New Norm' in Chinese Demand" (The Wall Street Journal)
"Prada's stock is down more than 22% so far in 2014 amidst an entrenched slowdown in luxury spending in China and an ongoing crackdown on graft and extravagance among Chinese government officials. Quarterly sales in Asia Pacific declined 2.6%, while sales in Greater China were nearly flat at EUR 200 million."

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