China’s consumers are cutting back on spending as the country struggles with recent economic challenges. But what will this mean for luxury brands? Image credit: Net-A-Porter's Weibo
What happens to luxury if Chinese consumers cut back?
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No Comments
China’s consumers are cutting back on spending as the country struggles with recent economic challenges. But what will this mean for luxury brands? Image credit: Net-A-Porter's Weibo
{"ct":"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","iv":"05259a6ce599111188544ea69b2b1dd7","s":"266b1c1d5d838f14"}