The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
"Menswear Shopping Boutiques on the Increase" (South China Morning Post)
"To cater to the growing demand, Hong Kong has seen a resurgence of men's boutiques."
"Alibaba's Tmall Offers U.S., European Retailers Gateway To Chinese Shoppers" (International Business Times)
"The hope is that China's largest online marketplace—a sort of Ebay of the East—will not only give global brands better access to Chinese consumers, but also help companies stamp out counterfeit versions of their products sold in China."
"How Will China's Online Boom Impact E-commerce?" (CNN)
"If there's anything serving notice on the traditional bricks and mortar department store, then it's China's internet and e-commerce statistics."
"China Stocks, Currency and Corporate Bonds Fall" (The Wall Street Journal)
"Chinese stocks, the yuan and corporate bonds suffered their largest tumbles in years Tuesday after Beijing took fresh steps to rein in growing risks in the country's debt-laden financial system."
"China Trade Data Paints Dreary Picture of Economy" (CNBC)
"China's annual import and export figures slowed sharply in November, data showed on Monday, reinforcing signs of fragility in the world's second-largest economy."
With consumers tightening their belts in China, the battle between global fast fashion brands and local high street giants has intensified.
Investors are bracing for a steep slowdown in luxury sales when luxury companies report their first quarter results, reflecting lacklustre Chinese demand.
The French beauty giant’s two latest deals are part of a wider M&A push by global players to capture a larger slice of the China market, targeting buzzy high-end brands that offer products with distinctive Chinese elements.
Post-Covid spend by US tourists in Europe has surged past 2019 levels. Chinese travellers, by contrast, have largely favoured domestic and regional destinations like Hong Kong, Singapore and Japan.