• Tue
  • Sep 16, 2014
  • Updated: 3:33pm

Luxury Goods

Shanghai outlet centre to promote affordable Italian luxury

Luxury retail is not the most obvious target sector for mainland shopping centre developers in the wake of the Communist Party's crackdown on conspicuous consumption and corruption.

Friday, 28 February, 2014, 12:25am

Prada to open 80 more stores worldwide in next 12 months

While it expects growth in the mainland luxury market to slow down, Italian fashion giant Prada plans to press ahead with its strategy of opening more stores around the world, even though analysts warn that could hurt profitability.

15 Jan 2014 - 4:42pm

Hotlines spring up for China VIPs to buy luxury goods amid anti-graft drive

I was back in Shanghai for a quick trip recently and dropped by several big shopping centres on Nanjing Road, one of the mainland's busiest streets. Ironically, these shopping centres - and, in particular, the big luxury brand shops inside - didn't look busy at all. They were almost empty.

22 Jul 2013 - 7:25am 2 comments

Hong Kong retail sales climb 21pc as gold falls

Plummeting gold prices brought the city an additional HK$4.45 billion in retail sales last month as consumers took advantage of the slump to snap up jewellery and watches, although jewellers expect the gold craze will now taper off.

31 May 2013 - 5:44am

Has luxury peaked in mainland China?

In China’s tier one and two cities it seems that there is a luxury mall on every street. In Shanghai, for example, the growth and expansion seems endless; on the 20 minute drive from my home to the office I pass three new mall developments – each of them plastered with huge billboards advertising the new luxury stores that are soon to open.

22 May 2013 - 11:51am

Givenchy set to triple number of China stores

Givenchy, a unit of French luxury goods giant LVMH, plans to triple its number of stores in China over the next two years as other luxury brands scale back their expansion plans amid an anti-corruption campaign led by President Xi Jinping.

18 May 2013 - 3:57am

Gold hunt: jewellery outshines luxury goods in golden week

Mainland tourists spent less on luxury products during the first two days of the "golden week" holiday as they remained preoccupied with gold hunting.

1 May 2013 - 7:51am

Wealthy Chinese love French luxury goods

The recently released annual Hurun report usually contains fascinating insights into the antics of the super wealthy in China and this year is no exception.

11 Mar 2013 - 7:32pm 1 comment

Luxury brands still reaping big rewards in China

The profit margins of global luxury goods retailers on the mainland are so substantial they are shocking, according to an industry insider.

18 Feb 2013 - 5:46pm

Chinese student in France sick of buying luxury goods for other people

Li Yuandong, 23, remembers buying 10 Burberry scarfs, two Burberry handbags, two Louis Vuitton handbags and some luxury perfumes in one day in Paris without blinking an eye.

22 Jan 2013 - 4:43pm 4 comments