Shanghai’s shopping districts have been hit heavily by coronavirus – but the city’s luxury shops were never obviously booming. Photo: Bloomberg

Why stores in Beijing and Shanghai are empty – and it’s not just because coronavirus has hit luxury fashion

China may be the world’s largest market for luxury goods – but while Chanel, Gucci, Hermès, Dior and others are all represented in Tier-1 cities, the bulk of purchases are still made on trips abroad – where products are up to 40 per cent cheaper

Topic |   Luxury travel
Shanghai’s shopping districts have been hit heavily by coronavirus – but the city’s luxury shops were never obviously booming. Photo: Bloomberg
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