'Luxury Shame': China's Wealthy Individuals Shy Away from Flaunting Wealth Amid Economic Uncertainty
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#3f6b3431 ver:0.14

China's luxury market faces challenges as wealthy individuals shy away from flaunting wealth amid economic uncertainty, resulting in high return rates and erasing sales value. Luxury brands must refine strategies for the Chinese market and focus on cultivating relationships with wealthy customers. The global luxury market is also experiencing a slowdown, with factors such as a creativity crisis, price hikes, and a focus on super-wealthy customers. However, luxury fashion continues to boom, driven by factors like supply chain disruptions and increased demand from younger consumers. China's wealthy individuals are becoming more cautious about flaunting wealth, leading to a contraction in the country's luxury market. #LuxuryShame #ChinaLuxuryMarket #EconomicUncertainty...

#newstr #China #WealthyIndividuals #LuxuryMarket #EconomicUncertainty #LuxuryShame 

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