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  • October 24, 2014
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  1. News - China

    Chinese shoppers power global luxury sales

    Posted Oct 15th 2012, 03:27pm by Associated Press in Milan

    ... Associated Press in Milan Chinese shoppers both at home and abroad are pushing personal luxury sales to new heights. A new study by Bain & Company released on Monday forecasts the global luxury goods market for apparel, accessories, jewellery, cosmetics and art will grow 10 per cent this year to 212 billion euros (US$274 billion), from 192 billion euros last year. ...

  2. Business - Money - RETAILING

    Asia-Pacific poised to take global lead in MES

    Posted Oct 16th 2012, 12:00am by Toh Han Shih

    ... predicts less buying by Chinese shoppers will slow down the world's luxury goods market this year. MES is an outsourced service that helps companies boost sales and gain market share. Europe ... of 8 per cent, Roland Berger said. But Reuters quoted a study by US consultancy Bain and Italian luxury goods trade body Altagamma that said sales growth in the global luxury market would slow ...

  3. Luxury flat prices to grow, says Kerry

    Posted May 04th 2012, 12:00am

    ... Yvonne Liu yvonne.liu@scmp.com Kerry Properties forecasts prices of luxury residential units will grow a further 10 to 20 per cent as new supply remains tight. Chu Ip-pui, executive director of Kerry Real Estate Agency, yesterday said the future supply of small flats would increase due to building in the New Territories. However, supply of luxury and large flats is tight, ...

  4. HK losing luxury shopping appeal

    Posted Jul 27th 2012, 12:00am

    ... Celine Sun in Beijing celine.sun@scmp.com Mainland shoppers are increasingly buying luxury goods locally, turning away from high-end stores in Hong Kong and abroad, according to a survey ... goods are generally more expensive across the border because of higher taxes. Luxury brands have been expanding rapidly on the mainland, making it easier for local customers to do their shopping ...

  5. Business - China Business - SHOPPING

    Global economic woes put China near top in luxury market

    Posted Oct 09th 2012, 01:41pm by Agence France-Presse in Singapore

    ... Agence France-Presse in Singapore China is set to become the world’s second biggest market for luxury goods after the United States in five years, overtaking France, Britain, Italy ... take up the slack, consumer research group Euromonitor said. Luxury-goods sales could top US$302 billion worldwide this year, up 4.0 per cent from last year, as buyers from developing nations ...

  6. Luxury goods losing their shine

    Posted Feb 03rd 2012, 12:00am

    ... in luxury goods including jewellery and watches slowing for a seventh straight month. Local retail sales jumped 23.4 per cent year on year to HK$43.05 billion in December, bringing the total ... Since August the luxury goods sector has reported a fall in sales of big ticket items- such as multi-carat diamond rings and watches that cost millions of dollars- although this has been partly ...

  7. Company sates appetite for premium products

    Posted Apr 16th 2012, 12:00am

    ... historic ties to the Middle Kingdom have positioned its brand as the premium marketing, distribution and logistical service representing consumer goods, beverage, industry products and luxury items ... in China, including Hong Kong and Macau. Last year, we sold over 6,000 vehicles throughout Greater China.' As luxury booms in China, the taste of the good life is not complete without ...

  8. Business - Money - RETAILING

    Hongkongers cut spending on luxury goods amid bleak mainland outlook

    Posted Sep 07th 2012, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Bleak outlook for mainland economy prompts change in buying patterns Hongkongers cut spending on luxury goods Hong Kong consumers plan to cut back spending on luxury goods in the next 12 months in the face of a bleak outlook for the mainland economy, a survey shows. About 2,000 people who had bought luxury items in the past 12 months, 15 per cent ...

  9. Business - Companies

    Tiffany challenged by logos as jewellery goes brand-mad

    Posted Dec 07th 2012, 03:06pm by Bloomberg

    ... The branding trend accelerated after the recession as luxury goods companies sought new areas of growth to complement their existing lines and keep attracting customers in the increasingly mature US ... diamond-stud earrings. This year more are visiting luxury department stores and boutiques and dropping premiums on branded fine jewelry from fashion houses including Ralph Lauren, Gianni Versace ...

  10. Mainland shoppers' luxury letdown

    Posted Jan 12th 2012, 12:00am

    ... Celine Sun in Beijing celine.sun@scmp.com Although Chinese consumers are among the world's biggest spenders on luxury goods, they do not always get the treatment they deserve from top ... in serving customers. Chinese customers often had to wait as long as three to six months for repairs to luxury goods because they were sent back to factories in Europe, he said. In extreme cases, ...




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