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luxury Archives

South Korea luxury sales weaken

Luxury retailers have seen their South Korea sales decline amidst sluggish demand. Italian brand Fendi posted a net prof...

Hong Kong retail leasing cools

Leasing activity in Hong Kong has slowed in the past two months as mainland tourist arrivals drop. Senior regional sales...

Cashed up shoppers want experience over ‘stuff’

Asia Pacific’s growing army of affluent shoppers are increasingly seeking out experiences over ownership of opulent mate...

China’s luxury goods growth plummets

Growth in the domestic Chinese luxury goods market has dropped from 12 per cent in 2012 to an estimated two per cent in ...

Chinese define luxury with craftsmanship

High earning Chinese consumers are known for their love of luxury items and the status they can confer. Now, new researc...

Foreign luxury brands attracted to India

India’s rapid economic growth has paved the way for a flourishing middle class with rising disposable income that ...

Tag Heuer to treble India network

Swiss watch maker Tag Heuer plans to triple its stores in India by next year from current five. The watch maker, owned b...

Chow Tai Fook soars

Chinese jeweller Chow Tai Fook saw sales during Lunar New Year grow 28 per cent in Macau and Hong Kong. Same store sales...

China retail sales slacken during New Year

Retail sales in China slowed during the Lunar New Year holiday and amidst the gift giving crackdown. Data from the Minis...

Luxury retailers must adapt to ‘new chic’

Global luxury markets are growing steadily – but luxury retailers need to change their strategy to make the most o...