conspicuous consumption
Luxury Takes Center Stage in China’s Efforts to Boost Consumption
In China, the party is pushing for fundamental changes in social consumption structure, hinting at new incentives for stimulating domestic luxury shopping. Read More
China’s Luxury Market All About “Stealth Wealth” In 2013
Owing to changing tastes and a broader lessening of conspicuous consumption, Chinese buyers are becoming more selective, a trend that is boosting some brands while causing migraines for others. Read More
Luxury Takes A Back Seat At China’s Annual Congress
Following a much-hyped crackdown on officials' use of public funds for high-end goods, lavish banquets, displays of wealth and VIP receptions over the past year, luxury is taking a noticeable backseat at China's annual congress. Read More
Ultra-Luxury Auto Sales In China Surprisingly Robust, But Are They Sustainable?
Given the current “wait-and-see” attitude that many wealthy Chinese are taking towards flashy luxury purchases at the moment, it’s perhaps surprising that the country’s ultra-high-end auto market remains so strong. Read More
Eye On London: British Heritage Brands Attract China’s Seasoned Shopper
The emerging interest in brands less recognized in China has the potential to be very good for heritage brands in the UK. Read More
Beauty Brands Shine In New L2 Digital IQ Index: China
Supplanting the auto brands that led the way in last year’s ranking, beauty, fashion, and watches & jewelry brands accounted for more than two-thirds of the top 20 spots on the third annual L2 Digital IQ Index: China. Read More
China Luxury Demand Rallies, But What Does It Mean For 2013?
Following a significant dip in demand for some major luxury brands in China over the past six months, recent figures project a strengthening in the first quarter of 2013, even for beleaguered high-end watchmakers. Read More
Hublot Digs Deeper Into China With Xiamen Mega-Boutique
Despite a slowdown in high-end watch sales in China this year, Swiss luxury watchmaker Hublot is sticking to its notoriously upbeat business philosophy: Spend more. Make more noise. Read More
Zegna Can’t Afford To Move Slowly In A Shifting China Market
Rather than blaming a "luxury crackdown" or decline in conspicuous consumption, Zegna sees this year's expected sales decline as an indication that sky-high luxury growth in China has been, and is, simply unsustainable. Read More
For Prada, Surge In China Sales Defies Burberry Blues
Despite Burberry's highly publicized difficulties in the China market this year, the Greater China luxury market remains a much-needed bright spot for high-end brands like Prada and Hermès, as well as major groups like LVMH and PPR. Read More
