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Today, luxury would be nothing without the tremendous sales generated by Asia, especially China. According to Bain & Company, the Chinese should account for around half of the worldwide luxury consumption in 2025. China is evolving fast; more and more people improved their living conditions. The middle class is rising while the lower-tier cities are […]
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Customers in several first-tier cities in China are queueing up in front of luxury brands stores over the weekend, over concerns over imminent price hikes and prolonged international travel restrictions that hold tourists back from their usual oversea shopping.
Chinese customers queueing up for luxury brands over imminent price hikes - Global Times