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.
"Sephora Discriminated Against Asian Customers, Lawsuit Claims" (Reuters)
"Cosmetics retailer Sephora USA Inc has blocked the online accounts of scores of customers with Asian names because it suspected them of buying discount items in bulk to resell them, a new lawsuit claims."
"Alibaba And US Retailers Teaming Up To Bring Black Friday To China" (International Business Times)
"Saks Fifth Avenue, Neiman Marcus, Bloomingdale's, Macy's, Ann Taylor and American Apparel, among others, are partnering with Alibaba to promote Black Friday sales, accept online payments in Chinese currency and deliver packages across the world's most populous country."
"Hong Kong's Turmoil Sidelines Jeweler" (The Wall Street Journal)
"Chow Tai Fook Jewellery Group Ltd. , one of the world's largest jewelers, is the latest high-profile company feeling the effects of the pro-democracy protests that have gripped Hong Kong for nearly two months."
"In Smoggy China, Masks Become Stylish Accessory" (Los Angeles Times)
"Fashion designers have stepped into the void with stylish pollution masks, promising Chinese a way to protect themselves against the smog and look good doing so."
ADVERTISEMENT
"Chinese Are Buying Back Antique Timepieces" (The New York Times)
"'It depends on where the sale is taking place, but in terms of bidders and buyers, Asian buyers can now make up a third to a quarter of our watch sales.'"
"Jack Ma Blames 'Greedy' Consumers for Prevalence of Knock-Offs" (The Financial Times)
"Jack Ma, chairman of ecommerce group Alibaba, has blamed credulous and "greedy" consumers for the prevalence of knock-off goods available on the internet."
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.