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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y2KGdU6I\/WbRXW8v8pP9rpekLOteZ5h\/MN5Ft1\/\/yaE\/mVtqcySljImVlC4pEIeY+kJ2pEh\/jSpJh8jVkuOkdncezSUkZ6vgSu6eAKjt95KVpOOUOoJPuZE3b3f0IyijE42v3JOBAE1sqPRT98+z+MMjAHFTLWCBCabWNtZDKH+TWXREBASwbUmAEkrft3JlrbMKYYijk9QYDm3OC37zm\/vkVXlQfc71zgzKNFGbeNpWrGAF\/LRl75xa9gEB5eUsx0WjqEUBN9EbrnFrAtpxiH69a0qcvcI8YPWSx+h1s+KIFFv7LB3fjfaNfowMk1VDadbk+58GQjQ\/NqOAT++cHa6UgGQjk0Sk7I8FaRlojF4A2N3lkC6AzGHAanDVyoS\/8IKHO6YhKyolspNUd5G4VIYcV13nZc9qLAVWHltm0V7XVVgw\/h1hxDaDNF0x17imqw9y+tcPi8ZTk+t9dD5AstESStuTVo\/4Tfwoiog+oizbC57QONBcddZG6j7U4+nhreRFHJZh1HdJgtYv5uURQj5Ca+FpBtupIzGogQSunNffd6phI2ubSMxMCeExYvPmcWlBTqbTrZtTZn0sSrU7mE4Hv3PcAp7mYP8gdLjQC2wmk3CNchH0SBn7xWKTHIAoDZ9w9mtAb8zDtlYvWm5ePx4J6GppPv\/Ni34BlSPaEiSNytmPd7DiTZGqRxB1u\/vrNdLjGkwVgtdISBWJjF8VMPlY01HKf9AGlDv\/owP3wT0X5HQuDA4bp\/CeX30rJ0\/nVgfzz8q1TjEMRwkSwBMXvtFqHUKm41MxaVIW82Gv9FS5b\/53yDhF1P6Jm+Bu95TxX\/gGWUgkG\/u+cXnD9xOaWIhKI0mQ4FpZ\/uFCsTC+w0DJHfAJD474nCsqSmIs+21Q8BNBAXrMPVD5xS4JbMAF+y8KOAwyTvK6o9hSp76D+eOtqRdlVljNjJxL58GR9\/sLkEAGv2prx8D6zXQkQPFkW21WK2gcaNbdG2ftqHR\/TfHfUzqKle5eKa0rm1pg7isqVZZvz+TNnTGJsPW6Mb3JCSM3rAI8bntv5iLFt6qKoNgybmgEA5e5l7IQLB3NZKGfMoITsczOl\/PIhxCaJC\/vA\/5+dAXypdbdfOpqYfI9N70vHAdwbGlRZaCFVIMNTmFMbFEKQr09L9p+1OrvsYJ19LvuUcGdsZ2T9sIFmFqcH9XUqmvi3zBfTUym4UeipHYJuq4HchijrFg2bTtX+Z4vmMB6toZq7N6crFbiGTrdjs6S3hS+ye84Pj\/eCx9sgD85MhZv5J3hmGedzEoPNDPyiWostdXLogahiJOLOgraKGeXwfSrBxJX0iZBQu6YZYH4l2WYHJzH0HiughhTiKtYDdUm0f0niP+rDu2QIiwMF+Ix8S8SRZm39go9kvqdgGFut6uJoWlKG5brClLTPZr39gxUXZSzbj9z3EeB2WF2TzhJR+hnyPZFjFGgmUDJH5LpAMKdnbkJMe0PhfzGHN6MlTXxYnmYFUtGtXQDTvssffBTU6OtPQU1pGEGl\/7q8dK0d9lHi\/GwLWU5Tmfw55gK0GlrLvwXwVy14MFGHLXw0QUPbRE4cfHxALLuENbvpS6aGvAHkbsoByTzk2BJ8GGv32D2IRGNE2WXNfmyIOZ8yJD4E11KOFTdOlrl8hUAHpl+Ts66H0QOvYLca76rXa7SwJWG\/oLcro4TSNn8GzWDaAhpNHnBFnpN7V2mbtrlYHdDdIC7A17QO4n4l3nNtRkgsMqfI7PgW9fTzuv4BtDP7nu2fSu\/INkZbljfBVxlxeE3SS8q0MqQddG2+\/wqgUl5rU5DNNRyvU0HgPYuiib0i6s4ekVPxh5mTbhr3Yg5\/WJCEfl6kcqO3qKzpiBOKZADKsfSJ3bbM3oy7SXa3kmLSDsPsoSMqT3THmzBN91gPni8vXRI2ZSsJi6DnBTAVxo\/fMZ+lxvR6QUY8bqEFXEUAtJ1T8wtgiBgjBTEalmqCWiGkjVC\/rbxtiQ4qM8noMfdD9bnmIXIvQKtyd\/by\/j45d7L61n6ysBmDCsCR5ugWRGikldCkWu8dDRyy3Yfso8b1oTKUNy8uAXCGmkWL5dgBJIpClQpImd7HuJ+adx8hArGuQJNNm5i29oRM04HNP\/P4G3eE76mLm0jEq0ttMBMztKdnao6UC4rOPJWbObnf6kAxez7m6GdqqvNsrIhcJnuGxuqhirbnPIlvnen8XL1ieWBLdGyNf7lysKFT6Xlp3oRsLs7oEAYCbFhb5CxUeilQ1IKgEhCduQE6TwM9AtMFzvEyPAebEntVTZXaPXBtMxPwFap4F0iQu7YOYhJZeCcCxeJveilzVt8ARgGm73Q3hLEuZfF15KLEEFlWdEOIXcAIzxUJhNO6KFs6E3B6lxx0YktWT3d\/V6HxPgR0cn2obRsXKbfRN\/w16rI2I6OsXzdPN6Xs1FyTqCndjs+WgndzF7aFa\/uDpm2Mrfn2IsBtmjbp80o80aRkkflhhDTBmJ\/K3o2YHhPRNSEZ5g0oue1rsxsEA00B+HAXoFZ0K6sQmIjQZPD+qeLp2MXQHmRs6Q8b8qvbGT9D1fVYBHvCY+aM4ojFTwYYeRvK0FvYs0TQ4I9lxGyA2tFzl0DyMNIJD9F5yBQATToZtnX\/5fYZNs3ajcW7TV2+XPqhnBebDryA6JyGdBCXomOgoNX+7ejQP2SgQmqHjbKLlA05OrW\/RI56RuWN0aWqoPZPd2ZdZR32+PiDIVJ4KbiQFXegfXQjzhn3kP1\/vOjl1LmC4UdIEP4Ar7JFeLVn6qyvcnYb5+12ngIELWWmaHzw8YqU+TnQhTkZZgZ5szUx6VCdEYjIVHVlickTJswM\/OsFIJVxBWv0GwmaV7BI9E4sgtHlaqbjiquzkcVrC+1mAtXXf2TTugV368qp3sq0b8VmlBDq8rExMFjMiHgher+Cj7hHQb+MIT3bDWlQihR4WgSMgfZtyvNPWlTfdwhM0TxnQKZ8BDe3goUOenXmt5GLy1ge7jYr\/zQlsRHFcYoemLM5MSGJ8VAN45QDMUsPAxr2zgRgMgKZ2A8VFljx1dJUspJwCXOb7EVGPPT8Voc+Hg7jrNFIffO9TskIYaMDiNjcFln+bpscD2jtsh51JbfPG0pR4lS4f\/GSvyuLvYDgcwYeAemLuryaoMHBDNk4WqKLa0I69eS2oWT+TnyeFari9XnMiz4n98A815SRBFIHK6gaNMwc6yYi91rgDXEaHge3++A2I46871fby31oM9CYK9dFjtCUz0ikv4FoaC5jJnFWLBX4KZpQiYRPROguWswRuTJRN3XpCNZKKYS39VCJ3OCUZyV5\/gV+ez3xSClm1cRnxBNxOXa4yS+WOQEbuJYQq8w4l7\/Kbytjp8l9\/K6WcAmV4oCH77UdFkQL\/bg0IY2Qq1OZJ5dCr1+JRj1dsspl3XzUws7FRU8WIrItBvUql2SUOUQTxKRCPVr0lXcpkx9xR7VIfV\/Z04XiPFraSbGERovFuE4N5v\/+k3N2iNKPzv+Mecl853FD+srQZdTJTJK3Xion12cQLgvjZJHjT\/7x3C5eBavsC9SMOBlrxZQidjgrpbQXbkCyZXO\/UG1DbXl57wFb4lqVPIYzEWeYHVsnCOL1gkqqONzMKZKeclnxLCdWQ2juGqHkGGpAjLMiysRPE0P3rHFWFXF7TDFm2skhyDLfDAuNBrZd+DIh4V2jcsF1CLpujFs\/GqJP5725L2Uy52gnrfH6O99dZ4Gyen8W+KTI1zU2qd\/+Ih5srWnJGs1Nb\/ClMHrVE0UYMMJ1HlQPgjsiMEecmF1I5THeZDYQm2qErLH9\/YWnwHR7Fk8ozSKsdXCK1qh9nsIGL0DWMLYAq\/9h+R04GhnUlqwEPOSDAahD135\/iWkKjPVdyDsYwr23Lb5SxZJnXLGkO2gtB3Prm9Z0DIEsHMkUYr4Pyn4VDiYj4CYZIslcwFMruAgUujA6nh7A3PuZUtvsFqGGwhu\/nqL+ymkLAPW+M+BSFqTQyQX4eabJxq2M0ijQbtINRqlqx3f8RVcMZfol3AtnBKLAKoKT\/mDkPkAyEyRRIxLus7ErVOpYFLJRYpPwSKhRdihMiaytbeLsJnMOd7rLBs2NR0KqiWI+qYHscQHvEmgcWS5GEMn+Vv4tHEjsecAXbxuiMjEzNEQQBlIYARiFU7z9opYMBx3JTR+vy9WfCJalAv3JCiP1\/hKdswAVB27mQuPYvhOG6SqnBNo9L+hLfV3L1EMj5\/gq07uDt\/87fd\/4ZcO7FkKapBGe9c4Rql63LzOw1tPa0wqm\/XYrDSNsDpKrn+uHd+glmCe2r9+Dp0qEmCAbXq7gbAxFkJPyDwDUroKV277U3GC4potMKY\/omYLP9MVptGr7Wm9zB2J27AbR3ANNv0r8okT8UBXN+tWVwg6arw8tMvH2R2No1JOXIpz7lnGeVudD+ISPBRpZimUzXlhE34t9TM2I8PjzQo12HubJvS+86WMiSyv387tEaNNUQqwGzPyEGJe9mdxUNhwcWqwZ6n\/IJsgwZI\/5bFxQeB8HzDLw7M71Q67AenjEo5fWSzVxeDYZ5\/wjPPauhF03OJF8PlWpqroRxFsnCXkwU8H2OUnffh9ZYK\/RcyW4mo95KR6Z\/L4WYq6gogOMDbNZmCLgxUzC5T4ytDmWxKnEnDxhj+pAe1+FUrpC+FqFpjVwUzHiTFTbOJQjpjabq92\/GViMb6VZoo2DuMJ5+cwaeoW1\/aQZWwA3NiDAmQIxURcBVbRX5TxL2RXty\/qepMLJtLB4V\/9r62tQ==","iv":"7280eb8b1986c9b443b75d5ceedb5b03","s":"2081ee1cbb34fa06"}
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