First revenge buying, then panic selling. Is China’s luxury fever cooling down?
Chinese consumers who once lined up outside Hermès stores to splurge on luxury bags are now the ones panic selling them.
Chinese consumers who once lined up outside Hermès stores to splurge on luxury bags are now the ones panic selling them.
The appeal of wellness has also been linked to the growing popularity of high-end beauty salons.
While brands have signed Chinese brand ambassadors and spokespeople for decades, collaborations in which the celebrity takes a more active role akin to a co-creative director and essentially “co-brands” a product or collection have only gained ground over the past several years.
Hospitality group Rosewood Hotels is highlighting PlaceMakers, a diverse group of individuals who are advancing the ideals of culture and unity worldwide.
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The collaboration angle of pop-ups is key to understanding why these temporary retail events are so crucial in China.
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As the world evolves and adjusts to challenges, innovation and the unexpected, one fact remains: consumers must take care of themselves.
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One can argue that sneakers are for men what handbags are for women: the new social currency.