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Retail

3 unexpected luxury growth categories coming to China

December 8, 2021

Despite a gloomy global economy, China’s luxury market continues to break new ground. Here are three luxury categories with massive development potential. Image credit: Canada Goose Despite a gloomy global economy, China’s luxury market continues to break new ground. Image credit: Canada Goose

 

By Glyn Atwal

The global economy looks uncertain at best, but China’s luxury market remains resilient and strong, maintaining its expansion through a growing cohort of novice luxury consumers. It is an unspoken truth that many categories will eventually mature, putting some luxury brands under greater competitive pressure. And yet, there are still several product markets set to take off and unleash fresh expansion prospects.

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  1. Printemps unveils VIP shopping suite at Haussmann flagship
  2. LVMH averts luxury slowdown, revenues up 9pc in 2023
  3. Prada Group sees first quarter sales rise 16pc
  4. Alfa Romeo continues anniversary-year celebration
  5. Maison Margiela takes stab at sustainable status in new content for ‘Replica’ refill debut
  6. RH appoints new co-chief merchandising, creative officer
  7. Chanel reports 4pc revenue drop in 2024
  8. Rebag links with Luxury Stores at Amazon
  9. Omega rejuvenates Aqua Terra watch line
  10. 1stDibs marks 25th anniversary with film, curated collection
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