Affluent Category

After several years of slumber, China’s luxury market is finally returning to growth. You would not know that, though, from peering into its — mostly empty — high-end stores.Read More
Besides drinking Bordeaux wine and playing golf, hunting has been taken up by some high-net-worth individuals as a way to show off their wealth and power. Read More
As Western retailers and luxury brands look to attract the next generation of shoppers, they need only look to China, who’s younger consumers and millenials are snapping up luxury products faster than one can say ‘Gucci’.Read More
Swiss watch exports to the US fell 0.4 % in November, by contrast, sales surged 40 % for the month in China - the biggest jump in almost three years.Read More
Chinese consumers accounted for 21 percent of the global luxury goods market in 2016, making the country the second largest luxury market in the world.Read More
In 2018, luxury brands face the question of how Chinese consumers’ mentalities and behaviors will evolve.Read More
They're still coming in droves - but no longer buying in spades. After propping up sales for overseas retailers over the past decade with a shopping-driven tourism agenda, Chinese visitors are no longer returning home with suitcases bulging like before.Read More
Take millennials in China and the United States. If you want insight into Chinese millennials, you’re better off looking to their American peers than their Chinese parents. Read More
In an effort to further spur retail spending by Chinese visitors, five Thai retail operators have finalized an agreement with the travel review site, TripAdvisor, to promote sales directly to consumers. Read More
By 2030, the spending power of consumers residing in China’s lower-tier cities is expected to reach US$9.7 trillion.Read More