Jewelry Sales Expected to Plummet in China This Valentine’s Season & More

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: Jewelry Sales Expected to Plummet in China This Valentine’s Season  Hangzhou Department Store Group Launches Livestreaming Initiative with Taobao China Fashion Week To […]

How are Luxury Brands Communicating with their Chinese Consumers During the Virus Crisis?

It’s been nearly a long half-month since the outbreak of coronavirus, and Monday, February 10th, marked the first day many Chinese citizens returned to the workplace. This could initiate another wave of infections if proper precautions aren’t taken, and medical experts from the University of Hong Kong estimated that the outbreak should stubbornly hang around […]

How Will the Coronavirus Crisis Affect the Daigou Business in South Korea?

This post originally appeared on Moodie Davitt Report, our content partner.  Normally South Korea – the world’s biggest duty-free market – would be celebrating news of a record year in sales, writes Martin Moodie. As reported recently, duty-free sales in 2019 leapt by +23.7% year-on-year to a record US$21.32 billion (KRW24.86 trillion). But there’s no […]

Kering Has A Soft Landing in 2019 But 2020 Remains Uncertain

Kering wrapped up 2019 with a modest 13.3% increase when compared to their monstrous 29.4% increase in 2018. Their annual growth of recurring operating income also slumped from 46.6% to 19.6%, as suggested in their 2019 full-year financial results released today. While faced with many uncertainties given the coronavirus outbreak, Kering Chairman and Chief Executive […]

How to Reach Chinese Men with Your Luxury Brand

According to Daxue Consulting, a Chinese-focused market research and management consulting firm, menswear accounts for almost half of the clothing industry’s total sales value in China. This shouldn’t come as a great surprise given China’s gender imbalance. Today, China’s roughly 33 million surplus men have become a powerful consumer base that turns to shopping to […]