In “Headlines from China,” 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: Lanvin Broadcasts Paris Show in VR with Chinese Partner Iqiyi Prada Quietly Launches on Tmall Amid Virus Impact Shiseido Asks 8,000 Japanese Employees […]
Monthly Archives: February 2020
How Can Western Luxury Brands Navigate China Now?
As the Covid-19 virus continues to spread — with varying signs of slowing down or peaking — the global luxury industry is urged to actively rethink their China strategy for 2020 and beyond. To date, this sector has become reliant on China, from millions of mainland luxury shoppers who snap up luxury items to Chinese […]
How SARS Led to the Birth of China E-Commerce
This post originally appeared on Azoya, our content partner. As the coronavirus crisis in China surpasses over 78,000 infected patients, we look back at the 2003 SARS crisis to understand how the retail industry adapted to worsening market conditions. Many will remember that over 8,000 people were infected by SARS, and nearly 800 perished. Schools, […]
Ruder Finn & CSG 2020 Forecast Shows Silver Lining in the China Luxury Market
Even though the ongoing Covid-19 crisis has temporarily put a hold on the business of luxury in the Greater China region, executives from various Western luxury brands have expressed positive sentiment and strong confidence in restoring growth momentum in the near future. As the outbreak reaches a global tipping point, rebuilding connections with consumers shouldn’t […]
Hermès Remarkable China-Fueled Strategy Pays Off
What Happened The French luxury house Hermès reported Wednesday exceptional results and revenue growth in 2019, stating that revenue increased by 15.4% at the current exchange rate and by 12.4% at the constant rate, amounting to €6.8 billion ($7.4 billion), while the annual growth of recurring operating income climbed from 6 percent to 13 percent, […]
MFW Shows Supports for China Amid COVID-19
In an attempt to stop COVID-19 from spreading further, governments around the world have imposed travel restrictions, which means that dozens of Chinese brands, editors, buyers, and influencers won’t be able to attend 2020’s Fall Fashion Weeks. As panic surrounding the virus continues to spread, cross-cultural relations have started to become strained, and many news […]
Do Chinese Want ‘A Home Full of MUJI Design’?
To reaffirm itself as one of Japan’s esthetic leaders, the retail company MUJI has decided to step into the residential home design and construction world by launching MUJI INFILL in China. In December 2019, the brand announced the debut of this new project, which is a one-stop home improvement service set to help Chinese consumers […]
Milan Fashion Week Pivots to Livestreaming Amid Virus Fear
The Jing Daily Fashion Week Score evaluates how a brand’s collection resonates with the Chinese audience through a range of parameters. Our lens is now on Milan Fashion Week. Last Wednesday, Milan Fashion Week opened on a high note, featuring the solidarity event “China, We Are With You.” Targeting at the majority of China who […]
What’s Behind the Rise in Inequality and Consumerism?
While walking around China’s hi-tech cities, from Shenzhen to Shanghai, Beijing to Chengdu, it is impossible to ignore the signs of consumer culture. The country has come a long way since its impoverished and socialist past — being now the quintessence of a consumer society. In fact, it built the contemporary economic boom on the […]
Can Digital Save Shanghai Fashion Week?
For a number of years, Shanghai Fashion Week had been growing its reputation. Touted by many as the newest global capital of fashion creativity, it has transitioned into a key landmark on the fashion week schedule. Eclipsing Seoul and Tokyo, the city has been nudging its way towards the mainstream, perhaps even a contender to […]