Monthly Archives: August 2019

In “Chinese Whispers,” we share the biggest news stories about the luxury industry in China that have yet to make it into the English language. In this week’s edition, we discuss: Luxury handbags sell out at Costco in Shanghai Yoox and Alibaba’s joint venture, and & Other Stories opens on Tmall Hermès and Burberry handbags […]

This post originally appeared on RADII, our content partner site. Being a vlogger — a person who films video blogs — or a “YouTuber” in general is one of the most popular lifestyle choices among young people who want to share their lives, thoughts, and expertise with an online audience. Moreover, this emerging industry is a […]

This week, Tiffany & Co. released its quarterly earnings, and similar to what we’ve recently seen in earnings reportsfrom luxury groups such as Richemont and Swatch Group AG, it’s become clear that the ongoing U.S.-China trade war and Hong Kong unrest is impacting the bottom line for luxury brands across the board. Tiffany, which heavily […]

Overseas fast fashion brands have been struggling in the Chinese market over the last two years, and with significant profit drop-offs, stores like H&M to Forever 21 are pulling back on planned expansions in the country. According to its annual report, H&M’s net sales growth in mainland China slowed from 7 percent in 2016 to […]

China has proven a difficult market for brands seeking customer loyalty, particularly amongst China’s millennials. According to the Mckinsey China Luxury Report 2019, 30 percent of post-80s-born luxury shoppers regularly buy products outside from their preferred brands, while that rate jumps to 52 percent with post-90s-born shoppers. “[Chinese consumers] tend to be less loyal compared […]

For the U.S. retail industry, 2019 will most likely be a year of turbulence, and those retailers who’ve been relying on Chinese travelers for growth might need to change up their strategy. Macro factors, such as the ongoing U.S.-China trade war and China’s economic slowdown, have helped shape this new landscape. Statistics show that the […]

Since Qingdao joined the 2005 Clipper Race as
 a dress rehearsal for its role as China’s Sailing City in the 2008 Olympics, the country has developed a love affair with what’s known on the mainland as the ‘people’s race’. The 2005 edition also marked the introduction of the fleet of Clipper 68 yachts built in […]

The future of beauty in China is green. However, a recent report by AlixPartners demonstrates that cosmetics brands chasing the Chinese market with natural, clean, and ethically sourced products must navigate a complex web of consumer aspirations, purchasing behaviors, and product definitions to find success. The report, titled Naturally Beautiful: Millennials and Preferences in Beauty […]

Heritage brands need legacy to communicate and sustain their premium value. But businesses build legacy over a period of time, letting it grow organically with the brand. The challenge is that in our fast-paced society, when most aspects of our lives are dictated by a self-destructive speed, patience becomes a virtue that many startups can’t […]

After well over a decade of unbridled optimism, China’s wine market appears to be facing a much more uncertain road ahead. According to a recent piece by Jim Boyce, the 9 percent slide in demand for bottled imports in 2018 has continued into this year, with imports down 14 percent by volume and 20 percent […]