Customers visit a duty-free shop in Haikou, south China’s Hainan Province, on January 31. Photo: Xinhua
Ralph Lauren, Coach, Estee Lauder look to China’s Hainan Island as US luxury brands go to where high-end shopping’s happening
- Hainan’s shopping surge has provided a valuable lifeline to luxury companies that have been deprived of tourism-related sales
- Last July, Chinese authorities tripled the annual allowance for duty-free purchases in Hainan to US$15,500 per person
Topic |
Fashion
Customers visit a duty-free shop in Haikou, south China’s Hainan Province, on January 31. Photo: Xinhua