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China luxury market trends: Why consumers are shifting to frugal and online shopping
When Beijinger Jacqueline Li first heard one of her favourite luxury department stores in the city was closing, she was shocked -- until she considered how Chinese spending habits have changed in recent years. "I think people's spending habits after the pandemic may be more cost-effective and practical,"on a pilgrimage to the Galeries on its penultimate day of operations.
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france24.com
French luxury store shuts Beijing flagship after 13 years as China spending weakens
French luxury retailer Galeries Lafayette closed its flagship Beijing store on Wednesday after 13 years, underscoring weak consumer spending and changing shopping habits in China.…
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Frugal and more online: smarter spenders rewrite luxury's China dream
When Beijinger Jacqueline Li first heard one of her favourite luxury department stores in the city was closing, she was shocked -- until she considered how Chinese spending habits…
