China remains the top apparel market due to its market size and strong growth in clothing sales. Three trends have shaped China’s apparel market: the rise of e-commerce, a boom in fast fashion, and the evolution of the luxury market, according to the A.T. Kearney 2013 Retail Apparel Index. China is followed by U.A.E. and … Read more
Survey: U.S. Companies Optimistic Despite Slowing China Economy China’s transitioning market, having largely moved away from the low-cost export model that once drove U.S. business strategies in China, according to AmCham Shanghai’s 2012–2013 China Business Report. U.S. companies in China continue to report strong financial performance and rank China as a top global investment destination. … Read more
The Digital IQ Index: China While Mainland China’s organic luxury sales growth softened to single digits, Chinese tourist spend abroad increased 58 percent in Q3 2012, suggesting consumer demand remains robust, according to the latest “Digital IQ Index: China” research released by L2 think tank. The Digital IQ Index: China ranks the digital competence of … Read more
We are honored to present an article by Fflur Roberts, Head of Global Luxury Goods Research at Euromonitor International Hit by the global economic slowdown, the luxury goods industry went through a period of decline in 2008-2009 but by 2010 the recovery had already begun, with most developed countries recording positive growth. At the same time the … Read more
Chinese e-commerce platform Shouke Limited is set to be acquired by the London-based luxury online retailer Net-A-Porter.com, marking that company’s first major foray into the China market. The members-only Shouke shopping website was only one of many well-capitalized luxury e-commerce platforms to spring up in China in the last couple of years, and the country’s … Read more