shopping
Luxury & Culture Collide During Chinese New Year In Hong Kong
Savvy travelers can make the most of Hong Kong's Chinese New Year activities with a little advance planning, even if they'll only be in town for a few days. Read MorePredictions For 2010: The Chinese Luxury Buyer
Vivian Wai-yin Kwok of Forbes suggests that 2010 will be the a year of continued spending on so-called "practical" luxury items in China (contemporary art, luxury cars, and high-end real estate), rather than big-ticket items like yachts or private jets. We would go one step further. Read MoreHangzhou, China’s Golden City, Shrugs Off Global Economic Woes
Owing to its coastal location and proximity to Shanghai, Hangzhou has managed to strike a unique balance among China's more developed east coast metropolitan hubs, offering visitors and locals everything from untamed nature to world-class luxury shopping. Read MoreChina’s Luxury Consumer: Young, Individualistic, And Ready To Shop
China's luxury market is clearly an important and exciting place to be right now, but beyond the sales figures it becomes clear that quantitative and qualitative considerations paint very different pictures of the current state of China's luxury industry. Read MoreMainland Chinese Flock To Hong Kong For Luxury Shopping Sprees
For thousands of well-off mainland Chinese, Hong Kong remains a popular destination for luxury shopping. Read MoreChina May Lower Luxury Tariffs By 10%: What Will It Mean For High-End Consumption?
China's notoriously high luxury tax, which adds a 30-40% premium to a wide (and ever-changing) array of goods -- from the usual suspects like handbags and jewelry to some sporting goods like golf clubs -- is a source of constant frustration for many luxury brand marketers. Read MoreChina’s Middle Class: The Luxury Market’s Long-Term Engine
China's luxury market has gained a lot of attention this year, mainly because it remains one of the few global markets where more luxury retailers are entering the market, rather than cutting back or leaving it altogether (as we've seen by more than one luxury retailer in Japan this year). Read MoreMacau: A Complex (And Exciting) Destination in the PRC
Since its handover in 1999, Macau has rapidly become one of Asia's top destinations for gambling, luring thousands of gamers from mainland China and Hong Kong. Read MoreFuture For Luxury Goods Looks A Little Brighter
As a result of the fast-paced development of China's eastern coastline and special administrative regions, only recently have major luxury brands made it to the country's vast interior region, where a number of second- and third-tier cities remain relative blank slates. Since so many companies are only reaching these areas now, the spread of luxury brands in China has become a regular news story. This has only intensified over the last year, as formerly free-spending Japanese and American customers have thought twice about luxury goods while emerging customers in places like the BRIC countries and relatively fast-growing economies like Vietnam become more regular (and brand-loyal) buyers. Nonetheless, the luxury sector is still experiencing only modest growth one year on from the onset of the global economic slowdown despite their best efforts at wooing new customers. Read MoreRalph Lauren Planning To Open 15 New Stores Annually In China
Wing-Gar Cheng writes for Bloomberg today that American retailer Ralph Lauren hopes to open 15 new stores in China annually in coming years. Read More