Retail
June 16, 2020
GlobalWebEx has found that Chinese consumers are the world's largest demographic of luxury buyers. Image credit: GlobalWebEx
By Dianna Dilworth
With borders still not fully open worldwide, the largest group of luxury consumers is staying home, spelling trouble for Western brands.
{"ct":"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","iv":"de80f772acc18bc997fe949e7218b173","s":"13d968b21c02d8ae"}
Share your thoughts. Click here