Retail
July 12, 2021
Affordable luxury had a great run in China, but some factors have led many to believe that this market is tanking post-COVID-19. Image credit: Coach's Weibo
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dCr78tgnJSQVSGneKakYtWNARoU0FnAcz3JYjuAPJ7A9YQfCK6BM0Umt+3vFtXz3kDxaHMwJKMQMnI\/6cGohjkNAfmlVE\/rY6qBkYJgk8G2c1SVj0LhzX5BOtbbKe0JbYn4nbKozVaeNYNNrJ3cmre9ZUIBSUg\/R5PUagrc+XPFMgxWQgnuvLwg80utBgDIajC+\/AeICMfK937qGJ+yyvHVrsGiOBl9W1+AwbInaoWY5aZ40mZMLxZ9NVufVVsdhdu+7bKaop38FxS5ICDkAjKJ\/CvgWCr1dlROqqQg9gigrjRsMFOq8a2XXFlWj+U9VLMM5pSON6JqYRt1PkI4FqKyeyS7nY5oMlvqgL4ipzM+FDihqN4RXE+rDKdiJ3hAWXNgoRiGmNhrsmhxbblzkE0UDwJGq5Htkie06Mu8wPQapwLnTvSe2+ZS5idTrx2g3rvu4Z3K5kncZXlneaeHLxrzaSTERILnjWgmm\/dvpk5NREYUoZfWzOv\/A6sQch7F\/heH1aIo+60kk4SU8q3f8RvYwtmIaAVJ6oDIG1J49dnQaTSQYt\/ciXs6lNe1PdP6KlMVvge6b58okQhHspiLcffKkfwie7UQpHwc9NKPOqPTwQEU9jcTRXLIrRwdRx7qZYJrQEyqVHGBLUukUNOOEsLjnCyV5xi393M4Vt9TlHAzHmbFyTeU\/RwoDqNXSsvwsgjuJRhu2pF7x0bU0pc0qyRQ0dlQNLeISkUktlpnEvVyKq3ODP15UE5Uw2zMs1GJz1Y67mDnT\/mX9Wsj4OncsK0ZMk+iNd7t5wOi+0uhDUWaP5o9Tj33Q0j87Bu9gsAmcdM3zAq8Te+Px5\/q\/erEKuy9eAg67qaEdfVmrEN8rHEqvtLSrVwEshQtHqh\/5FvQUjs02gN5veQqJz0zbfwQ1ndg\/XJ4en+kILc7U4i9VXUZMWZPUJj7LWp1UnQhgf4TQJEQcEdpuxHF3Hu\/RsAPtDjxoFci+hAsZdD+vDeKqD7ILiohUBpK3oK+4TidNBRaLtir6\/cM7Bln0vWJ7TBRAcxRrvgTFdBZPjfhpyrg9LXB962Y\/O1LJD2UC0Kw\/krA2A6MlcKnVRKITft\/DjdE3eTmpiiTx5qch7yZIwu+KIi8zp+VBHVB5Y\/MJzpcjPSAlO4lgg2vPmtqAJluPZb8mljvbMkcO4lAHDGJcBf+8Dy\/lnMA00UANLk7qGHJ3wkCdQdCa5ENvMtJJUsRfiNNw6ld3+TR+V2nznNp9P8F9zvMysgc1dHA1jmHjwFxMOn\/bnSNTAp9lShO9TDO3lCyjGSC23evtH9bF0bOf9tim6Yx71MfpQrqcFvIYZZwmOkmoBDgWkW1BxYVyFmH1ClzVI1rRAK9ReQw0GbFHJKbXeshHPSSc\/h70icp48Gr9XhkO88JxIJ4XQGHMXZ+PgBPeceEyKieaQAhVzUSm\/RzskigDc9UokgxF2AO+BDfw843wS2+OdjIcK9gsTsj0vjV6rlX3A9QTcUV1EcUCoB+wtdSY0a9hOhyC0oMppi+0MRk28DCwmE4kvAQ7G4a9H7M1lga75NQLuZG3e0cY+eoxVkUEGGD\/De4f\/pYxv2AEk4hyM+nQth\/fTNBsIl8STE1JWWwozbLi3RPlAmJb\/hnzXJzoePzEvALXKVPoPuWv27NO+C2+tyapsF4MgLl9Q7ivHgSFsGUO\/DGruUBPMgaEc4PikKepna17ER4U3BUnYnp5FgE7jutKtk7PyhN0eLhUBR26fUGNJLN070NCAFOGnuADdx7w33ffvD0FkcIK0vslmC+Sp7oivfZGrnR2Un4oBYkA0U2NiteGHYaXh3RFHNacT2XFh\/WVXl1A2CZZjLTQdGpmsJRIHryVSIDt0VwKgfTuoEbByJhRDZuD9sz7nf+PnqdxLN\/8haxmrnTnr+A9l7VslJaieFIOYwNno5gV2nqs21e40f06ShmspHUhImQUy\/EL\/qA+g\/iAkN\/spRpSugyFN+PxgQy2q1w2OQ3Ysp6LXj91aund8a1ISeSzB3I0L4r6yPRQLNw04ztztVXFc\/RrGwx3hepxX646VwehPKsLv+MCm2Ii1\/In\/FwBPT+EodneltKBUpqB0miCVXD1Tp1QWy3uljFSQH6\/Oxe0XKSHJevjx\/4IkxQtDzQ1IdbyBQYuiRPlDMxVoRyY0It1i8ltNLFI8UB\/aegytQvCdn\/ZZuLRTrFFb3t20SHVdqAUhJmtYG10KxVRq4di7tECGKfxNQGzlSmWj\/fGz29eH1Yj8J6qlKKHsI+xVPRsJCWVuJquHyV+WNfVoZy8ghVQJ5FKRhtzbj+uY3jmVwzUlo6vm7PX+NXdWUXgSUBVkjp2akFjURomHjFVOFzycmdF1JESx7N+JCchwMzl9L3+Phk2sxRolhVouKzoSaIHIHb67bl7EJlGgpIS9N+AA8mzB8bw6d0s457lEBsoRVeRYggQhisuNPeUsO3b0DTuhiXniRR2QaM7gkbTRm87asTdttVXtk738C3qoSIvEY0Za7gQTmAX69+6xIp9TbMN1cCKad3xYCmIXnWsh80l9wJpZwOUYE5lSZeZ8g6Ym1BlX1OCuiyC0q4GrF4N1h\/5uwLZB9YVPXuqaQG2C3YOLBOhHpUZtlKfHM+TLBbvkiLZfbvp6C\/Omly5h9X4gvWdLXVowPUa9sFAxONqY92l+a1w5S397HFghHjCT5X\/tMadCbyCkxiIk\/r8EFNkXTwLpKRm\/UHDEwrYIqgXSUsBUZUZol1jwgZSanitYDx3EWSm51sQ+5QNsHg+9degkWQh47GAwIWGw6vTzRevYCdXbeU6NARcOKfF+UQRoqU7MbljRNrYQm1\/4gxFgyQGYpdF72hSr6SPHhM2g2shYGWgNrEyNNrgnsauW2D9qNpieKFifQaKdMIlwO0gL\/bxR2YCFX+nOirqo9AnYEBpR7ddZuhL0W21nkeWe3sR6Jmd4HnihvrlcHDTZfhKUJSF1jM+u+LyL5yLijwwP085OwvLKwRE\/u4rsTAZCj8eVr7N6lR1HxIsvQNkxsrNC1R\/r3Yo740fLwHBEANOD7oLmdq1M\/fNg0clgZ3PGkFgvb+VnoNmg7bQAs3+bWAP9SSgfwmgVIBVaM8zAybAyqw+RuB67N2qRw3tiUyhWecTj6k7A2Y7nUnLLWwPtsUpjYK2hK26TDEkGKepNN5LtYFMzU63oMqk8ildzfwhDrKq9+Ine0Y4tr4oBpehMEIrRMWcmNeJtCFfhAas4MF7HL\/5LXK9ad7n3fZjXjFvOykOrtHoRhP9e4LCYzcwe0lqPuqIaXk27oDf+7WDpS1RoMnWob1hSmbqbae6Fj609NZBSOtXiys0SHLErEvKKTY08B4BAma2gHYfm5t+vKOFLYRSMFYHTKXcBhXxcFey507JlnVLZ4GeRy7ybMioNX4UkRjwXfnTM1DMRTPxu0Kyui3fdMVEMUDVhHHTAcamqzffWNAqVCIZsrwHnj3Edul7hERVLYEdHjU3bCjtXLDL7RKsD471oO5dXDeTPAweWQID83hdGGEkOwZT0qQw4VL9UyCZFijxcLWwK\/NAmc\/NUpYNmxZGi60I4fxZYu6\/iY9nqdqVaskm8o\/DJ+0S2krZnQgsGKBG4MDJv3pdBxzoSZZs4T7L1gtpAf7KAndp6WQfj0LKzJEGN1lvjqfinSSHm7WnRfUq+y+R1kIjAxn8LlSDhXpIK8v8Qaix\/AACWUUp\/v9MCjouw8dCYZ0RNOEu7zZM7du3\/xAZ6pzDiMv7VS\/eeEcfISoeYYbkJhKsZhHYRGZ00ewYoMFZlpFCxSiSyGE5RUOSx\/volE5By8RQA+kyDALg0xWJCliXPSdXTKpV\/N0UXQdm\/iD1Y7+4twdQgnj\/dIpd3taYyKk\/lfXHmw7V+c7WlDW7s2pjFoX3nF827TpXccyf1OL2PaovUYTgikvlW\/XjuUAdX22jahFuGnfgj0fN\/c\/NbPNlhIPGd2tAfwSvbB64iDSmaFJID+QTKddM7k2UdMgHw+nrYkofI9sTco8VGtvMTOJFPEo5Wx1nAU4LF3hZauHIoJoAX31A+NqoDJUrIz6OMW\/q4VEl0FldQdDSgWbAqUOWSG1bXfUinHmSjmxFe+ee\/QiyHbKJHbEHAiYH0rjaRxC0cRIwwup+i0uJKDvRWSePVtdvvAHlqpAG0g7Ar2rRboUOQ4celtLGgCxHr7mA1GmXDHCOAv5vuEK7ZUKnnMF0Jb3e8dDvTVqxhraIs\/zsFvUQ\/MTHTl1EHAiasOsAXbMHnX8zZJC\/BjSP4Xeb+2YJrKp6h1GfSvyoDEPnum3E5wW3V8ZnEf9vHC7KsJtypFmrOYRaqLI8nyFoTJbO4OoDaD03B8q2dmafL+OQ8BC1JUUkHmVIsHOFYMer7FMZ24MESbPbPmvhGqbt4LMYrn71+y3iMjBkUTBWBSJx\/B9J\/Ar7sK4HmEPygkgojdc3Iua8zoC45vfJlXiY4o3W9C4K\/7oIg4uO\/N++BgIAZ7hV\/G8NqXj9ECEOtve3nAUpuTbXVofsaLFZo4qNVTZ+9Ay0lEQyFyuKsnwBU\/yxjKpcF\/x\/7R6Q7tOo4H7W+E+pzcH\/Y4Af+ZZWyWVui6ALpCmMI+yoIuyC5oOUe+75UiuszidfVH4oWpE2NWmACtOoFKdpMSWhgWRUE3YFsQ1sEbv7xuouJGEByp\/eywLbQMKfz\/gZ18bfYkrNAuw3ubYdW8QrNBFZPFNDo6AXwM8vePZjz3glFh38KjjSTmicZjyu6kDp0JgOQ==","iv":"5bb6e1c6b7c56f72faa2c73bce6364f7","s":"05e9da1cdfe296c8"}
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