China’s outbound luxury travelers spend $65,000 per household on tourism per year, including $34,000 on travel shopping, according to a new study from the Hurun Research Institute and Marriott International.
Twitter’s plans to scale back its buy button alludes to a stalemate for retail on social media as consumers fail to adopt native shopping experiences, although Facebook, Instagram and Pinterest could still prevail.
Luxury Daily's live news from June 1 - Michael Kors plans wholesale reduction for 2017 fiscal year; Four Seasons to open first private island offering; Christie’s breaks record with $300K Hermès Birkin sale; Armani sees positive growth amid 40th anniversary in 2015.
Today in luxury marketing - In Rio, Louis Vuitton store robbed days after lavish show; PETA confronts Hermés at shareholders meeting; Trump Toronto Hotel on market as billionaire Shnaider seeks exit; Dior, in UK for cruise line, says new designer "work in progress."
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