Luxury Category

One campaign promise Donald Trump appears ready to follow through on for now is his vow to impose tariffs on goods imported from China. Among the companies hardest-hit could be US brands.Read More
For the first time since the financial crisis of 2008, the global market for personal luxury goods failed to grow, stalling at €249 billion (about $258 billion).Read More
68 million UnionPay cards have been issued in over 40 countries and regions by the end of November.Read More
Cross-border shopping by Chinese consumers surged this year, underpinned by strong activity on Alibaba Group’s Tmall Global e-commerce platform.Read More
Tiffany & Co. reported its first sales increase in eight quarters as a result of strong sales in countries like China and Japan. Read More
Luxury goods are back in popularity. China, for instance, takes advantage of the increased purchasing power of the population to create a niche in the high-end products market.Read More
Alibaba Group’s Alipay is partnering with U.S. payment service providers to expand its mobile payment services to the United States. Read More
Booming Singles’ Day sales point to uncertain future for offline retailers.Read More
When Western merchants think of online mega-sales, they might think of Black Friday or Cyber Monday. But retailers also ought to be watching 11.11 closely, not only because of China’s growing importance as a consumer market.Read More
The Lucky Dragon Hotel & Casino is billing itself as Las Vegas’ first Asian-themed resort, funded in large part by Chinese investors. The property, set to open Dec 3 with a traditional lion dance..Read More