China
China’s luxury market contracts by 10% in 2022
This is the first time the market shrunk in the last five years.
China’s luxury market contracts by 10% in 2022
This is the first time the market shrunk in the last five years.
Customised, interactive experience key to attracting customers
Brands should offer personal touchpoints to customers, amongst others.
What could make shoppers switch to another luxury brand
Chinese consumers give emphasis on whether the brand is aligned with their identity.
Nearly 3 of 4 Chinese shoppers willing to switch to more sustainable brands
This is more common amongst younger consumers.
SHEIN names new chair for Latin America office
Marcelo Claure will lead the company’s Latin American strategy and stakeholder affairs.
China captures luxury brands despite headwinds: report
The luxury retail market will likely grow 6.1% and 6% in 2023 and 2024, respectively.
Beijing's retail market shows signs of steady development
Retail supply rose 16% in 2022 compared to last year.
Essential goods expected to lead China's retail sales recovery
The sales of non-essential goods are expected to show slower growth.
Is Gen Z becoming the bigger spender in China?
They are rapidly becoming the largest consumer base for luxury brands, KPMG said.
Long-term plans assessment needed for Shanghai’s retailers: report
Most brands in the city have been focusing on streamlining existing operations.
Alibaba names Wu Zeming as CTO in management reshuffle
He succeeded Li Cheng in the post immediately.
Luxury market’s last quarter growth hinges on China’s reopening
It will also be boosted by consumer confidence in Europe and America.
China's retailers must shift to sustainable operations: report
Improving shopper loyalty is expected to be critical as consumers spend less.
Strong local consumption buoys Guangzhou's retail sector
The food and beverage sector in the Chinese city was relatively active in Q3.
Shein reduces water use in new printing technology
It also accelerates the efficiency of printing.
Luk Fook Group’s net profit inches up by 0.6%
The company’s net profit stood at HK$658m in the six months ending in September.
Starbucks China RTD’s TikTok dominance in brand storytelling
The campaign earned them a win at the 2022 FMCG Asia Awards.
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Retailers and brands told to harness data for growth
![Retailers and brands told to harness data for growth]()
The tandem should turn insights into profit strategies, Flying Fish Lab says.
The tandem should turn insights into profit strategies, Flying Fish Lab says.
