With the Chinese economy unlikely to recover in 2025, those that offer competitive, quality products may do better than those ...

Duty-free spending slumped 29.3% last year in China's island province of Hainan, where global luxury players from LVMH to ...

The spending habits of Gen Z and Millennials will reshape the luxury market landscape in 2025 according to the latest report.

It’s been a turbulent year for luxury in China, but it’s still a crucial region for the fashion industry to continue ...

The 2024 slump bodes ill for plans to turn the entire island into a duty-free shopping zone in 2025. Read more at ...

China’s luxury market in 2024 faced a significant slowdown driven by economic stagnation, a real estate crisis, and rising outbound shopping.

"A decline in consumer confidence has significantly affected Chinese consumers' willingness to spend on luxury and discretionary ... into a duty-free shopping zone in 2025. That expansion would ...