revenge spending
CCI Take: Chinese Owners Bring International Brands to Double Down on the Market
With an inward-facing consumer market, international brands acquired by Chinese companies have intensified their focus on in-country marketing activities. Read More
The Third Wave: After COVID-19 and Economic Hardship, What is Luxury’s Next Challenge?
As the business of luxury shows swift signs of a rebound in China and beyond, luxury brands need to prepare now for the next challenge. Read More
Does A Strong Recovery Mean A Grown-Up Economy For China?
The latest figures for industrial production in China indicate a strong recovery, with its unemployment rate now standing at 5.6 percent. Read More
Why China Will Become The Driving Force Of Luxury
Since China’s population and its projected economic growth will outpace the US and Europe’s, its increase in global luxury consumption seems inevitable. Read More
Have Chinese Beauty Consumers Changed After the COVID-19 Outbreak?
Beauty sales plummeted as COVID-19 started. Now, we are seeing growth in the sector as brands adapt fast to shifting dynamics. Read More
Could Beijing’s Second Wave of COVID-19 Affect Consumer Sentiment?
Morning Consult surveyed 2,000 Chinese adults to gauge their perceptions of COVID-19 as a health risk in China and how it’s shaping consumer demand. Read More
How Is JD’s 618 Grand Promotion Faring?
JD.com’s 618 Grand Promotion event is seeing big spending on essential products — but also luxury investment pieces. Jing Daily explains why. Read More
China’s “Revenge Spending” Isn’t Coming to America
China emerged from post-lockdown with episodes of “revenge spending” and now appears to be on its way to recovery. Will the US follow this trend? Read More
McKinsey: The Luxury Goods Industry During And After Coronavirus
Amid the coronavirus, luxury-goods companies must take action to “navigate the now,” plan for the recovery, and shape the future. Read More
Can “Revenge Spending” Save Luxury in China?
“Revenge spending” is a phenomenon that luxury brands are hoping to benefit from in China, but what should they really expect from post-COVID-19 consumers? Read More
