Rising Shuttlecock Prices in China Make Badminton Unaffordable for Some
===============
#3f6b3431 ver:0.17
...
#newstr #LuxuryBrands #China #Gucci #RémyCointreau #LuxurySales #LuxuryFashion
https://here.news/story/3f6b3431?ver=0.17
'Luxury Shame': China's Wealthy Individuals Shy Away from Flaunting Wealth Amid Economic Uncertainty
===============
#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
https://here.news/story/3f6b3431?ver=0.14
Luxury Brands Face Sales Slowdown in China Amidst Global Challenges
===============
#3f6b3431 ver:0.12
Luxury brands in China are facing a sales slowdown as stingy shoppers return goods, erasing up to 75% of sales value. The trend of high returns, well above the global average, has persisted since China exited Covid Zero. Middle-class shoppers are seeking discounts or shifting away from pricier purchases due to the economic slowdown. This has affected global luxury brands, but those at the highest end have limited reliance on e-commerce. Despite challenges, brands are investing in concierge services and private sales to build relationships with wealthy customers. China's luxury sales are predicted to slow this year. #LuxuryBrands #ChinaSales #EconomicSlowdown...
#newstr #LuxuryBrands #China #SalesSlowdown #Gucci #RémyCointreau #CreativityCrisis #PriceHikes #Study #BainConsultancy #GlobalLuxuryMarket
https://here.news/story/3f6b3431?ver=0.12
Luxury Sales Stall Due to Creativity Crisis and Price Hikes, Study Finds
===============
#3f6b3431 ver:0.11
Luxury brands in China are facing a creativity crisis and price hikes, resulting in high return rates and slower sales growth. The majority of middle-class shoppers are seeking discounts or shifting away from pricier purchases due to the economic slowdown. However, luxury brands like Hermes, Chanel, and Dior are focusing on cultivating wealthier customers and investing in concierge services. The global luxury market is also experiencing a slowdown, with China's economic sputtering and inflation in the US. A new study predicts that global luxury sales will stall in 2024 due to a creativity crisis and price hikes. #LuxurySales #ChinaMarket #EconomicSlowdown...
#newstr #LuxuryBrands #China #Gucci #RémyCointreau #LuxurySales #CreativityCrisis #PriceHikes #BainConsultancy #AltagammaAssociation
https://here.news/story/3f6b3431?ver=0.11
Rémy Cointreau's Profits Slump as Fine Tequila Gains Popularity: Can American Rap Fans Help French Cognac Rebound?
===============
#3f6b3431 ver:0.1
Luxury brands in China face challenges as stingy shoppers return goods, erasing up to 75% of sales value. High return rates persist due to economic slowdown, with shoppers seeking discounts or shifting away from pricier purchases. Luxury brands must refine strategies and focus on cultivating wealthier customers. Meanwhile, global luxury brands like LVMH and Gucci report slower sales growth in China. However, Hermès' focus on ultra-rich clientele helps it avoid the luxury slowdown. In the spirits industry, Rémy Cointreau's profits slump due to falling demand in the US and China. The company remains optimistic about the American market and leverages pop culture, particularly rap music, to boost sales. #LuxuryBrands #ChinaMarket #RemyCointreau #RapMusic...
#newstr #RémyCointreau #Cognac #Profits #Tequila #RapFans #PopCulture
https://here.news/story/3f6b3431?ver=0.1
Oddbean new post about login | logout
Notes by Gucci's Decline in the Luxury Fashion Industry: Ho... | export