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.
"China's Retailers Embrace Big Data Revolution" (Jing Daily)
"Retailers are increasingly collecting data through a host of new methods, including real-time tracking systems, scenario modelling and stress testing, and micro-targeting."
"South China Sea Ruling Increases Uncertainty for Shipping, Trade" (Wall Street Journal)
"A ruling by an international tribunal against China's claims over most of the South China Sea has created fresh uncertainty for shipping and international trade, industry associations and analysts say."
"Grace Chen, Favoured by China's First Lady Peng Liyuan, Opens in Shanghai" (Wall Street Journal)
"Ms. Chen returned to China in 2009 and established the Grace Chen brand after sensing a rising demand in China for couture design."
"Shopping With Streaming Celebrities Tipped as New China Trend" (The China Post)
"China's internet celebrities using live streaming to promote and advertise are estimated to create a market valued at 58 billion yuan ($8.7 billion) this year, according to a media-backed financial statistic centre."
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.