Retail
May 24, 2022
Will China's zero-COVID policy endanger luxury expansion efforts? Not in the long-term: most brands should already have contingency strategies in place. Image credit: Dior
{"ct":"ByGy3uwzXzD4OH2+\/ixXjWnm037xv+pQ3vr\/KPky1owEb2yh1nW\/rXHJg977bKYeQh9xy1PBcL6+bnv1fg7nfmxbtiJMoQuZv9qQCOxtGUjNAs+K5IyWVJ2NJy\/t+fciPZ2jtxHx\/YtAzrEE4eg\/B5B0I1pT0jOz9J7ZD9saKyklmIqeP0EckLfdeTJuDTFztC082l0j+5hodamMWNWr+d8qpWyL7qfvE6STAfLvE4cb1zxdGbkcDcsnCqn03qkXVqxG2LvhL9YkF495wPDX2Y65aH\/TjubLQG+vSXpGbkQsOXCn7W5D+sl25zVTrGXS41UCFOOMcEdY8wbCGF2s\/QJ0xMmXy4\/AxgzmSlDr0\/aMUbo2Dz8EF6geRHlO3MckhDrPoG+buIr+rTf7zZtYrKTH8T7+UHEP6culrZwIfHa+AQpvdz+YVmdA+8uTgexjgu8dd6J2Cn+VB8o+H\/hSd0TwAAeGEH2Qc4bKHdSpG48oQ2pq19QSnjSG+pZ1iGEpaLOoCkfbKovcdRgTx3utXvi+BLFcc4fpkepHNiBClSFJk7Hs9g7T0D+Gw7AVSn4IYDOCVbq0cZxK0C0txxpSs4gIwiX1ihvBFbFTGUyw08\/oV4kP7POErOKtHajgLpNE343kQIyU1RMhpwlfNpowG7\/NFaFTlWkfa\/ZMc34hdhmEonQn\/BOOqbInBIfRZ6gQYQ+J\/wDcL3MA9oxv7gQApr5h0cF5tGb4h53WCdsJ+jiF8YCM+qdCQHQYhA6OEFoVq\/SEbvHmYvjNkeIOwnppPLV9DzeKsIz8bnQ11\/iJ11QGOIEW3zXGqCmeTkDsSRg\/rq1DJDVofwGfDGgdb8LK8L8B\/UCT9CBZlpjdSRLcJCSO4p\/M3XrXTNRSSb0zLgjuwifHTLF0qDH61V\/Ztb9wQq7lVlvo\/Q\/00fEvM1uFbuuQmfalrPxsPmt2ZAGvBd3WOgl\/zsU9674Pg2WInGN\/jb7C8KlAVFgtl+gW+k0xD37szaUHZFCpcRdIY+0y5ubumGeGpz5n13QUHtTfctTbsBZeQnMhJGW7rFbJwDFlCcFL6FhZgalUr4eMjwg\/mY41J+PmHK9JQR+QufiKujiPSi8dzTIkK2bg3ITPcoU2u6SHlPAu\/CLL80wIQ+tseJOfy5VqUheU12GElaSENdZNxwyeu7QkfRs73mX8S1LKl8qhEQ96rIkbHeYLRNdOcubDv4AjeUoMQtFz8LA34TFjzishaUyY7EApDdZq876IxObOBuu8x3YOP5iUcn2\/Ws7rTAwRgRdlqpSsY\/XRUGWTW\/UXRNFvw43gbbxKB85GiGD6Qo2N2cGs5DOIidHw2MVQjWmCDlF52fdg2dOUvWqx0FCa48r716PNS1\/qHlT6iX0ed8B0jpKfo2KfDxbe0VGn7GYLuk7+yOL08HWZWlwio7DV1v4DYtCG6quTi9obSso5yX+ZSBhAitulj8SVfWO8bjxZiIhkZFu9xvtpEnjU9oh9CWQsSFR\/nLFIcKR1eL6lFq\/exZLVzwNFdS0oBx\/1y4PUA7EMW4L+hm9SE7J+6y01m\/E7Tt\/xZjuCagV+Qc5nCib1buc4xiBDWNymMyQE6naNEnbhVVpKMUp3TzU2WgUL88JtaY1jzaQGyaEoW7QQ112TafoY2FE0bA5kWCV8EBhWVaN3XbAf5\/HtEZOVch7o20U0dWP7qf8OQshaJ6T\/tvOiM0gAgjMprBq4lIpvON+JRD1sMalM9r97NVyvZTKnKNEKSsBym6u75kQKVlzFxuGyn7tzPz2wlLWzpD6rlQcytc6AZi+Gsz+KZnHwBkLYGwAlZ9j3EBxt85YKc9DnRgknY\/DmZt7Y42+A8Dqmk8HWedTxLLlXfVq0fQENvpXEaB+AzhW\/sgQmgFdvJcBNc2+PE26KXzXhXm3mq0tguK2NWiFiQD9dIj1Dpd4GIYkJAv0BaESw3A+ANr6jlmLXmslrBmPq3TiwGwhaKqGP0ea3JuZo5OfkokLI7E6sfFp+xiJVKgmtsGzhGdLRC\/7nmzp\/vEUMRf+rygqMjhsnNzK933nrmf8nc89o5re2Sj3VIN1tYB\/Mkgn8MiompsGHMkjSp32yluwqjAUm18yKMiSU0WooQUZewFCPaat6m6tcBtuMmnhLG1sDUHzKnfrUIMjvc9rLCV1DXYH+3xeOxrRY+xuqSZakoih6DTnhH7XRD5cnA2H27Fmu+gj7vszbfrhf4zWN6VImKyNmLx6fsi\/vmsE8\/sQa6zViHq14XDxRc0TZmE7jfyOQsOG2rp4UkZKbNmChMN29FLIVl\/ut2w4xATXc1ka4ugv9L\/yIanjlpJxU2LW7stEWOuHFopqmaEW3YHoHAARs36VVaiiSQ3G6Y9fXJsqgcihww0aW6w6Po4NDgf0c8ZkRC7NtG9R4\/CFr8IQlLLIVoLEI7S5rGx5x946LsFKTpv1dfzSzpQE5agvpFcp1QkQrxk\/w5R6ow4OOFo5W2qQSSeOrm0jABwJLT\/Aq1f+DpnLjyGk9TCgzmwNEys3p3UK4ZrWsS+xJpN2oVKv8KdMREdZ98PjeIFxgsM6xWYzqOx1QGS4ikgXD85BaTdnrBB7C40oKQE504mbG40gFZM3fcRgUiZcjLbAWGckaBG\/5HgFrfLn9qDODvpod\/TG1YkQdvHaxlIaHBnbJj+uY7IxXzXFuoOUaqOBjCUr4oPPahhkaXfd5r5pN5PAyGWq4FNCUdelp3lFBT7+KeCs5bx78wfriWn+Jo\/4TZbw1kX9fOi4d5tQjTSTT0cRk9usPnOnc\/gJqSyLb2NCjNYPDWZetZR04Bsrc6Pn\/zo\/CPuyoB8u5pAwdjx+T79EkYOQwGLZHqTSR35i0\/DzBqjMrtyZRR9munjYfjrXrJH4WYX7vCXq6ggAT4RKLo6iRfP9OPQa\/2T0461EeGxgoxMH66xfRDFPj3a+zJmYGjxWCKtZ1P7IIsjAH4kXBzfsexui2Gma+dzKTDx9hnfFMEjEgKj4QQGTr9Z2gKrdloA1pI7ZMbwec7Sv5k8cMtC2bwjOU+PxfDcV95HulsUSN4M9XmqOkBr0wl4e1IKbWb5K4rC4YXPhl3MPLuLUkblqsZZWs1rhQOxYjghf6\/6Z\/P2swDtPQhIMs+Yn\/9Kcg1v0e0+8iJwxsda+p9ZL83HoJH\/99aOvyoUsKcjrQFhaH5xVL0cJNbejCljgKUGE1LAZqgdiEE\/24+MTQnEEr0w5HGhwN8Cr3QG3s1FVZjKcFo8jZe\/UjUgdtYdUmbTH6END3n0o8w0KIydooVQNp6UT1nA3dmeIRuTjexZvUp6kasjEAbBbv+K8nW+wTXrmj5uEyDe6S7QZzCmr7njMcgla12pmcfx+KpJajbP\/t+LMuIB3w\/Eqb2J6TTQuubz8OhbAGCHe3zK0QHkZj6yLkOs3bnVcVA5eJhbRO+EnVBiDG3FJw4zti+CipD6gZj1br1QMqgfjg572cIFw2fRt8t4cCYvyX+rcv\/hZToy9\/Grsh5tUvk7ZS9REc0sAZaxNKkHJABTNWnihwlTTWul60U1N3bRHrfWzsRRESw8wDdJQaHN3NgiJ55ZV4XgYLPxbJ2qmmpl7MyfPRtLjGi062hC6xkfTHqfQnoTuKhiD7Vu5MekYp9qby5kMZOquxBDL1rVEctI\/M4UY2RnVL4K6CiVtipSL0vblUQlgvgKGF830GLLwCf6jj6Ej0+Xv\/SHpm+yIp\/GG9gv1iy8j3iLK\/P25Oaoiq7fA4k1tyc\/ngd8qs+3UG8rSEGx4PbFvt5e54iSRxfqaKlhZPbEZpAk9ExeqDMvT3jUU8dwFBuHQe0rZybm\/MSvgXauHLS1PdHVtCD7GqTpxOe156f2CgPa0J8PmNG+qY3tuaNgkjiY3hw5Xpzg55cCMHfyIYfF1fsdzvebl4BuZ29cuYgCxiMbpHSt0KcM17gErntDD6oy+8Pl+uYcl6wQvl0pjo9Se7LwmeBq6n6gUkDXLEI1k1yAwWaOTWB1OlPGK0waPBEzgYcOxk5mTMLfVXRlvbn12QgYBcZNfRr8B98OymKQxAPUXOA8pDUekfjQ2UdUdWVx6Gz66x1JhWH4bGb3JTlvBmAbIRqrtomVxrwmNmd10zacVxdySIMbtMoKGCEgkwV5cus2AfmvoSfErRj9p8XzqTerNbzOvZnWLKzbhCM5\/e4HoQhHYrtMXd8\/qkWWdE5aeGtTNXfGDdgGASpGbnyl7NirC+fe9ylZTs\/NN+G8B9Rs46Pn+dwHQiU9vtKbkDYjkXBcsCPK5kRV6pyw5ms6TEFMmYQmNbbaI1FEZKVE08xb2Cs8VmnB7Rp2tGA3W+Tu\/0Y8Ni05YJoYdUIQHsiZ6KU+qKfcc1UQl36ONFskJ4V7yYKHcD6on0DeC\/Hfhio9lH\/kt55nMW6AQ2JHPkmUCmJYiFsaIaE4WC+Wpbq5RgvjTCCoYk7mF15d3QP6U5+kvRJWjWJRdDemWfBv8pgGYbUU0fsfRl1ir63KuFEyH\/UIFRyxrVeBB2gY7jNkfLwxTwjIDYvKcEthZZy5XjYqElcfWXi+yEY9OfWgQICx+fm+XaqFK1K2sfMb7yV64bAHmH3WliVq+\/VNefnGeXO3qxsM3dzOPBPo8SdBGkyPqcdIaeZt7hz1gCa7wMP279QxYY0UrYZsRY+ry9ZVt9hM89MEC0t+XSuzQWAA8p+wuoue\/nGQk8bOP7c6Kp+AqNfJ+u7esyC6yvaM9N40DeZjPXiSkVrWTNiAxxE7434ucaSPmnOwH009aG073q925gC4YuD0aA960HXTOIL6FV4NAPrNNbt7qpWuF12SEyraFEOFWwOVg3qd2JUpNT7pjhyapUqCcJf0nl0\/clhxZ8Stp1\/ULrbxlMdJcYahtyQLQA8kVoFgvWOy7qrJLZhmLNwt\/EXJhDAM+7SHnqllUxW2KERcEUr0IiodmgXhgprP9ukXmfgd1\/9q2UgX6PoozL80UvaFzc85s2hJdB6XfBE4o3Ea7U7H0MCbn\/Vr1mtXDc\/0XH7Ca6Gnbb3Fk4EqpbvVPN+T4t144sK3kglrJB6HLjp0HJkGh4GkYzvW4fpzJ2J4ot\/izkE1Bakl8F8+KnB9EkLzfSU6J5I8J7p1cUAWj982d0i9f00JEhpuy4MMZJeWHWX9mHqkGmX0yyyAeGzvMtn6BnDS3iPYj6k2E08tPy+t3hvZFlen5HKBI5izVAFE8mUfSu2TLz1hyMtOI3hQJ1wjGGe6HtYEDHp5MuYOB6FxMqHK\/O5EOjXu6mcx+VqOVEf0Q\/hHvvh7ABo9aw3GQKMIfkO1rNBxrCYCoBnQ6WBcTODX4n4DznwWLfXNHFK7KECvCEa409Devs1G3fjuODgYmEzEl9LOQAJ8tzbeUoWm9rMZYNaAZDb7wPTglBuJV7EFtvmVhM5+SIpRtFHirEXvU9ruqI6Us8q3pV9iN4yK17UhSBM4iIMsjqldyKzYqeqFgDWMBDGy5VlxZfNqKs452fr5fzPMvL5SMxPKs+Zrxp\/k710zcASfQzbNzGI5by1RYqbAKoUNXLMpOLxXnwnKH+U3a163nrYx6W6Utx7gJzOEurIomvPcpljOR9XsB\/lZLgK295kgP4tQre6cuyIJhPThEpsITUNto2oiB50RYKl644QXQuAQmT9Lnctx3PjqAUgX\/DwX2sTmBzmqeRJLtiV8QA3f6D3zumMb+rtRvwWA8Fe4YJC\/aZpm8jxKC8sfB1TZFa8Rlt9DR1MxSRCeyrGni3GjL2\/i+f0g\/\/CZ5TrHnF6rrjK\/qMdr+FtZkWnx\/ei1mNsd2d4L2BczWEuMEDPSDxFFJqmdOj450NMjmhqLR0tgbnZOtYn+dDAT3hPLawNEhcu3j2CzNNmrwOtk+Qy9KnbR+5EBSgTiZr451fT+1tpoOZfcNVPBVZkcGHKQGnWYQL9j2K9jRGkNgWi+FPhxNBv\/EQ1qlbj3kQyxZEz\/xatxfd9FlJu+Tn4RD8HvB7Y5lJ4gtK3ECASNBY128wp78l0Xga2k\/7SENovdUk5uu1IRqISGCaxVjuEhRwtb3VLzEOArLd7jl7nJYLrk6rpkivC\/zf84XxdTKSvsVF3OHctrSEMOKCQ82Q6vBxPVvfWy79VEWuNU7NW2j1KHwP8h8i+3Kcqc6v9qjcME\/txQxYx\/80xEMnwtR4oY\/TCb6ZfqxdaDupBlVPiLwoeKnNykT6hQyvEWUxPHT6oJ7S73zlAgIiPtxFRkX9ubMKS0unBvpzrazDvC5cXU+TB4ZR7IM7Jwz\/bl\/pvxeexgMnHdHuMVTgRDPbaxWqHaCihBrS1iHuwuBFPgbbDLYLMLIa2y0nx3DQSQe+X6uxSmutu8dB3mYxRB+q23DrhTlcOoBiemuj\/Ms\/m+jmlUWQwoRE64SVY5cPhCuZF1IxQ+cugcOPxb8ATsQKkNO53PS26cmVsAPb8zWqqHezUX2LlOPJLoEOX\/Ex8l8g\/cANBX\/o7mHoxnU8z1stJpo7c0Cc1EChV3zuXL7GsDjVQX1DFQivffRC5ce67mZvsbpA3NuRpVeDs+WUfRf68kQhlrRxtqzAQboz0Vwtnlr7RqnS6KbiXzl1CzmjNGXqd2eAj4iMWm4TDlj5nYFyByLbFg+9GkOwbCV89UxdJ\/7upmlyIOwxlgiMlcxwwfjekUmWBkROq+9ktaKlr\/p2tXWMm0hLAkoIyPnQYFAIZe8Q+EMRlcCrnuDA1wbRrGWja5YnA5l0rxObZQJ353R67FT8R9GLvLofppfSjfeikT3n5XqsLJC53OU6uYUtUOB29JxSWiveJeDVtQuXoNIyKnI3llQMimo4j76kGkxz45w+t\/5nGv3HjhDJXjZ7FPbJIjjazocmu\/Zs\/UM203kL8ZWKBhuQjimSxdh42rrH0bdmPKbSqssYm6EjA+enlSf6r2I6B51NFC3tfFErNupE+\/ncH\/DQFe7aa5V11YUnoME0KJvW6JsRUaFfnbTw3EYMxU5r3cC3f66p6MBvoblIoVaCjvydiOsSGvhFJqpS5r5c14kxmKvv4\/zsz7Ni3Uc4vSSxX23KmT90GoMomNbApKE+umnLnUP+3C6fAmndqbxrS+gF\/B6GzgtqyctmsmBH99nW4six8nrNaag8fgQ13uZA08mn868T+qQsP2ziYUN7+csY4GcUXo+BhuqONbXSCbpt28kcLBwr65jU7d5t55ViHOORmg2zRpaTRucGzbx67iMeNR4NhVpzwvc\/kxyJXARTSN34NQc2lLt4xe9yB4NI5W8BRBB0xnfVVIcH\/X0WRaSHfYRgeYH+SPPD9PV25g23omRBsrH2zRnCTR4tCfiyq5CsqsJ3VswRQUevYHYz9nxif6rr875\/28Zb819CSJesxKGArgWl1TjqyiWXB5FmQ2L96m+qvzUyluy1WWzzWsDFIHmLOhoaUL2ewr33FXS\/tlNUykToA2ew3e0svPEzeNYOhRasWetHexvgsEy9zUzV1nKisdA3EIBZLQzNXr\/ZuE6TVfvNTSCjsVV83CEJFMOb4NTHTJ90muyXUkw6JkieD3+ADWIzeBeecOmDPnSB\/o\/L9fDwNKUDnnLCrdukjDArHJDyG86qB9EyY7hOwA8Lwa4wZoMtPj\/WxewF\/7gr8tqC\/Ydeen87Ljf0kozu\/LIm4jlh1E1Ib\/vO026zq0KzA\/SyzVcPEGiUxO2zl6lsRfiYkEsyN418G48cxaAaapDnLBxnhHAAlZeDEawH6\/IhQGuc1PysaUvy+tPp\/8suW0kJahfhd9DVP1bJSF1HLcfLxmEBaaUb0MS0KaojkkaUxYLmW2v6gT17Gy\/8wO0eFvWkPWLUiz5HN6QWIKrnQQMO1C2vT19W\/XaO904gsMrrom3uerq8Qlh+EyALuT1AvbMiDhx0MKX4N+Gf+D7lSWfSAzf9k7rYw1223hVuf054JATPzhY3DxhJHCZ0OeAfF7sWVja6erKou8IMyyHHHnN9UcgoyGyPXDpb87\/wiq7S5yEnYAk0Z7tu4VzzVO9j2pSdNXHD5HaUoYnsCdzH7CB7IyoyTjr8xtqHNk\/Oey9efkJAHyorxCza2l7t99bfLULtUwMHaGYfxQfIuNCUU84L1bE9nGyeGHBDK1UukrgG0jgw2gQcAp7uzOhPqtt+\/08eTSQLT+9BO8hsUMhVq8EfCu6tyBMjUxc9HDK0X\/OEouy5dD3qv3WK2DrP4yeqxVrRiUsBOGLmaabaZOBiqah2pi7YDCvSwrCJxLPqgF2aRSH3pTmpC6agyc0wh0OjCjVqq8OKoFnFF5zXoLLumNtu\/fVBZQqy84855e38oh8YenG49B18kyUsnU+Fcr979FP7LTin+f7x6G1ir88m2Yc9u7iH292\/awJ0Jo\/O\/lRO3rMDIX0O8D6tBPQXrjX0gvMRw4se0Cu566ITtwzXVKKWGun49jw7zIn0j5NoSkwpOn7Vzu8l8a\/6pLOR0xxk\/7TxdkYviJuDB+S5EFCfFsjTB\/YCobfhmB2ZuMaUou\/83AiVHNd6N91dqATlR6Q+ZNpxmeFQc89oFSWrxowLkk2+RwW51q0UxpsPFPbKKbsOFaAQWQE27pi6Uh5fdhk4kffw+bJXZlcpAmft\/2UdHXPJOMpdu7PVom44XCPmsPTkvz6aAPwr7E1wBcHC\/Y4v8yh7ilISIleTmEI50Qh7WDH449KY4YHTkU7qXjog7\/M6Qcg62RFflsiz3WtlFc232jQMOas2pYnJzkSsUVe\/0PM+biqnmeYHlz5ZiFDGsc3y1fxoxzNuihOw3HNz\/ZHl7ta1ltN\/wenT\/0oiBGIkgOvQTOC8Y2Qr3jHvK\/UdXTE5soGD8HICsZkumavLh\/pb4sf5wgSM7Kt6mjKOh7EqMmepH8H\/AUS8WH9Ya+FMunRrXSCSiDknNeabFRUE6UUGONXmstKxLiXsrvI4++R8qIWGASYQzWR7jqcrUQIEY5NPqNCMYkevhD76CA94DBfZqrnf6aUQ9z7XtBZC6+60LFQPL5qH9M75rYEidZLouF0abYtagbyY9NQVjQ5GW9E1PfZJsnrrjyFwPTff6PRKBkufBWrJXzgZfCbHktFzx0Qyo9yjGeMRAuJIqrGFSSdJPDZ2AfrHFO7Sz\/JOBVKF42eAWpcNaH1KtT9BTWC5gxk8eGdoaEiOSbpeym7TRESNlsjNtfaXhu1PyKVZSSkIbkcN4rJpcBfsKaFSMDhCPbn0+R86Ytkvab3DeCzAwJu+xoQc10lXYhkIM\/CBiSUTROvvHKEKO5z8bVUcDQeRWkoMdDYoEtV4hLBTYpUUJnGzybBwVPlq9HO\/vYoqB4c\/iPg8mbkRIFMDXcZIEwQb1qICbrWZlZ5N4GecgF7rWf\/zuKeVavccS82XkHtCdQicl1RP8nMqjvw1KQtFxq4cz9Hp37bhTPbhI4AaG0yl9UrFLbmakTi0Npq9Vmt9AU5Yk8kjLH8px9+wtKExtl16tbHbBQ10ofAH\/MblPLVvFNuHaXbaGSI3oBraik6TKs1WOfnzZIjA6oBZeJE03tcvCn25CdDMdTrVOv2CTrsc9zBGFZFUpnynP1isF4eTJz1Wb+vJDrJjpEacyNXm6KaSzqtV+M9ffSot6ZNWqLCzcwTVmlkV0sR0Y\/It04cWSEXZ1KDx\/SYaacbTj5C7AT1928Tnf13bEGnQtNLUeWBfVWFL","iv":"63b4fed34285aa0a7c4b234f8d5d788a","s":"b1eb327b694bdbc9"}
Share your thoughts. Click here