A millennials love affair: China's second-hand luxury goods market booms | Malay Mail

📆 16-10-20 19:13:00
📰 malaymail

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 86%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

BEIJING, Oct 16 ― China's love for luxury is spilling over into the once shunned second-hand goods sector, with online stores surfing a wave of pent-up demand from shoppers, led by millennials, who have been forced into belt-tightening by the coronavirus pandemic. The rapid proliferation over...

Friday, 16 Oct 2020 05:18 PM MYT

The rapid proliferation over recent years of second-hand luxury sales online platforms have helped fuel an expansion of the market, similar to those of US online luxury reseller The RealReal Inc or Europe's Vestiaire Collective. “Compared to completely new products, second-hand products are more economical for them,” Xu said. Sales growth at Plum have averaged over 25 per cent month-on-month in the first half.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

China should shift fiscal stimulus to consumption from investment, says IMF official | Malay MailWASHINGTON, Oct 14 — China should shift the emphasis of its coronavirus fiscal stimulus efforts away from investment focused on goods output towards supporting consumption and broadening its social safety net, a senior International Monetary Fund official said today. Vitor Gaspar, IMF fiscal...
La source: malaymail - 🏆 1. / 86 Lire la suite »