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Coronavirus could affect luxury goods sales to Chinese consumers and travelers

January 21, 2020

Most luxury groups are highly dependent on Chinese consumers, both buying domestically and overseas on travel. Image credit for China map: CIA Most luxury groups are highly dependent on Chinese consumers, both buying domestically and overseas on travel. Image credit for China map: CIA

 

By Staff reports

The spread of the coronavirus in China, especially during the busy Lunar New Year season, may affect tourism and luxury consumption in that market, threatening near-term revenue for leading European luxury houses.

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  1. IWC social snow globe stirs up winter memories
  2. Luxury consumers trending toward goodness in purchases, values
  3. How can luxury brands tap into the back-to-school season?
  4. Balmain enlists virtual faces as brand spokesmodels
  5. Stuart Weitzman names Kim Kardashian as global ambassador
  6. Preloved items from Hermès hold highest resale value: The RealReal
  7. Tiffany keeps it simple to attract interest in New York Times ad
  8. Galeries Lafayette unveils plans for second Paris flagship
  9. Mercedes exec: Social media efforts should single out brand advocates
  10. Bentley launches unisex, sustainable scent
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