FEATURED Luxury Daily: China’s return gives luxury brands hope of positive global outlook

Luxury marketers can learn two key post-COVID-19 lessons from China: brands should maintain connections with their loyal VIP shoppers and embrace the new digital and virtual lives that consumers have built even when stores reopen. China has shown the way to bounce back, according to the webinar, “China Luxury Rebound:

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FEATURED WARC: China’s wealthy shift spending focus

China’s luxury sector has been especially savaged by the fallout from the COVID-19 crisis, and one customer may be hardest to win back, the most desirable of all, the High Net Worth Individual (HNWI). Evidence suggests these wealthy and super-wealthy consumers are still spending, but it’s not entirely clear on

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FEATURED Jing Daily: Chinese HNWIs Keep on Spending — But on What?

Experts agree that COVID-19 is no longer simply a transitory economic event, but something much, much larger, with the potential of turning the initial economic shock into a global recession. The luxury sector, which pre-crisis thrived on millions of Chinese consumers and high-net-worth individuals (HNWIs), has been particularly hit hard by this unprecedented

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FEATURED Luxury Daily: Luxury executives expect shutdowns to go on for months

Half of luxury leaders expect the COVID-19 crisis to go on for a few months before things go back to normal, and another 41 percent think that it will take several months to a year, calling for a tepid outlook in the business. The data comes from a new report

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FEATURED Jing Daily: Can “Revenge Spending” Save Luxury in China?

China is embracing springtime, as the COVID-19 outbreak continues to slow. On Thursday, China reported no new cases of domestic virus infections for the first time since the outbreak began, and recent new cases have mostly come from overseas, signaling that the worst has passed as of now. But as more residents go outside

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FEATURED The Straits Times: Global pandemic over by June if nations act firmly: China adviser

As it declares peak over in the country, China says others should learn from its efforts. BEIJING • The global coronavirus pandemic could be over by June if countries mobilise to fight it, Beijing’s senior medical officer said yesterday, as China declared that the peak had passed in the country

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FEATURED Vogue Business: The impact of coronavirus shifts west

The luxury industry faces a bleak 2020 as shop and manufacturing closures increase in Europe and the US. Key takeaways: The luxury sector is anticipating a prolonged downturn as the coronavirus pandemic continues to challenge the world economy and hit new markets. Many luxury groups and brands are seeking new

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FEATURED Arkansas Democrat-Gazette: Luxury back on Chinese’s shopping lists

As outbreak hiatus ends, ‘revenge spending’ emerges Chinese shoppers are slowly returning to the glitzy malls and boutiques where they’ve been driving growth of the global luxury industry as coronavirus quarantine measures relax. Store traffic in China is creeping back up after falling as much as 80% at the virus

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FEATURED Forbes: Could ‘Revenge Spending’ Help Retail Recover From Coronavirus?

Western retail is just beginning to feel the real effects of the coronavirus outbreak. Initially, some categories actually received a bizarre boost as panic-buying saw shoppers tussle over toilet paper at supermarkets and go crazy for cleaning products at Costco and canned goods at Trader Joe’s. But now we are seeing the second wave hit,

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FEATURED Bloomberg: ‘Revenge Spending’ Spurs Chinese Luxury Rebound From Virus

Chinese shoppers are slowly returning to the glitzy malls and boutiques where they’ve been driving growth of the global luxury industry as coronavirus quarantine measures relax. Store traffic in China is creeping back up after falling as much as 80% at the virus outbreak’s peak there earlier this winter, hammering

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