China Luxury Market in 2024: Top Brands & Case Studies
2024年3月7日 · Profitable Luxury Sectors: The most profitable luxury sectors in China include fashion, bags & leather goods, jewelry & watches, fragrances & cosmetics, premium wines & spirits, luxury cars & yachts, and luxury tourism.
Unlocking China's Luxury Market in 2024: Key Insights and …
2024年12月13日 · Approximately 52% of mainland Chinese luxury shoppers made purchases abroad in the first half of 2024, a 16% increase in penetration compared to 2023. Hong Kong, Macau, and Taiwan remain the top destinations, attracting 57% of outbound shoppers.
7 Chinese Luxury E-Commerce Platforms You Need to Know
2017年6月27日 · Besides Alibaba’s Tmall and JD.com, two multi-brand e-commerce platforms that have taken up a large portion of China’s online luxury retail pie, below are seven other popular luxury e-commerce sites international brands should know about to gain a better understanding of China’s e-luxury landscape.
2023 China Luxury Goods Market: A Year of Recovery and …
China's luxury market experienced a strong rebound in 2023, tempered by the current economic climate and the restart of overseas shopping. In 2023, China’s luxury market saw a 12% yearly increase, recovering from the previous year’s decline due to Covid-19 but landing slightly below 2021’s record level.
BoF Insights | Dynamic Journeys: China’s Luxury Shoppers at …
2023年7月11日 · Analyses the luxury shopping behaviour of Chinese customers at home and abroad with a deep focus on mainland China and Hong Kong, which together will account for about 20 percent of global luxury sales by 2027
New Market Report Forecasts Chinese Luxury Spending Trends …
5 天之前 · Premier luxury shopping destination. Mainland Chinese luxury consumers primarily favor Tier 1 cities, particularly Shanghai, for luxury purchases, and while Sanya has long been promoted as an emerging luxury shopping destination, its popularity amongst Hong Kong consumers and Gen Z overall is low. Hong Kong’s attractiveness is high among ...
Inside Chinese shoppers’ massive appetite for luxury goods: from ...
2023年7月18日 · Mainland Chinese shoppers are set to spend a record US$131 billion on luxury by 2027, according to Business of Fashion (BoF) Insights’ new report – they’re expected to shop in Hong Kong and ...
The most telling data about China’s luxury market in 2024
2024年12月27日 · Mainland sales of personal luxury goods dropped by 1-3% in the first quarter of the year, according to Bain-Altagamma’s Luxury Goods Worldwide Market Study. Analysts at HSBC revised their luxury market growth forecast downward, predicting just 2.8% growth in 2024, compared to their earlier estimate of 5.5%.
Decoding the Chinese luxury consumer - Vogue Business
2024年3月5日 · Large, practical handbags meet the needs of city dwellers through their versatility for commuting, shopping and partying. Various designer styles — which tick the multi-functional box — trended on Xiaohongshu in 2023, including Bottega Veneta’s Andiamo, Chanel’s 22 hobo bag and Givenchy’s Voyou shoulder style.
China’s Luxury Fashion Market: Top Brands Dominating the …
2024年10月3日 · China’s luxury market is evolving, driven by the rise of young, affluent consumers who value personalization, digital engagement, and exclusive experiences. Brands like Saint Laurent and Versace are gaining ground with their bold and edgy designs, while more traditional brands like Bottega Veneta maintain their status through superior ...