With more Chinese tourists headed out of the Mainland during the Lunar New Year holiday, Hong Kong has seen a rebound in visits following tepid growth in 2012. Though retailers will undoubtedly be happy to see the famously free-spending Chinese New Year tourist-shopper back in their stores, tensions between mainland Chinese travelers and Hong Kong locals — which flared up several times last year — remain. Via Bloomberg:
Armani's China initiatives, including store openings and e-commerce, have paid off despite the country's slowing retail growth.
China's luxury market is too diverse to be thought of as a monolithic whole, argues columnist Michael Zakkour.
At this year's Cannes Film Festival, Fan Bingbing gives international brands such as L'Oreal, Chopard, and Louis Vuitton publicity in both China and abroad.
As the growth of China's luxury market moves into single digits, those searching for a single cause must look beyond the government's anti-extravagance campaign.
As the fashion market becomes more competitive amidst a slowdown, brands must pay close attention to Chinese consumers' evolving requirements.