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.
"Luxury Retailers Hope Chinese New Year Tourists Will Leave Them Crowing" (The Guardian)
"Brand outlets hope weak pound, extra flights from China and easing of visa system will drive sales and fill the tills over the year of the rooster"
"Brexit: The Chinese Tourist Boom That Wasn't" (Jing Daily)
"According to the latest visitor data from Visit Britain, which covers the first three quarters of 2016, fewer Chinese tourists visited the United Kingdom in the period after the referendum than last year.
"Alibaba Raises Forecast as Chinese Consumers Continue to Spend" (Bloomberg)
"Alibaba Group Holding Ltd. raised its full-year sales forecast after quarterly results beat estimates, as Chinese spending stays strong and the company wrings revenue from fledging areas such as cloud computing, entertainment and search."
"Is This the Chinese Luxury Mall of the Future?" (Jing Daily)
"There is a uniqueness that sets [Xintiandi Style] apart from many others in downtown Shanghai: almost all of the brands are Chinese."
"Gold Goes Cold Turkey as Chinese Stop Buying for Year of Rooster" (Bloomberg)
"Gold is headed for its longest streak of losses since October as buying from China comes to a sudden stop ahead of the country's traditional week-long holiday to celebrate the Lunar New Year."
As the country’s economy moves into deflationary territory, manufacturing output declines and a real estate crisis worsens, some consumers are becoming increasingly cautious.
Its flagship brand struggled following the departure of its creative director but better growth was seen at other labels.
After years of outsized growth in prestige cosmetics, consumers have pulled back on the typically recession-proof category.
Last year’s harsh pandemic restrictions and recent raids on foreign firms have made it harder for Western fashion companies to persuade top international talent to move to the country.