China is on track to become the biggest luxury market by 2025, as wealthy Chinese consumers travel less and splurge more on their home turf, a new report from Bain said.
A view of a person wearing mask passing by a Macy's in Herald Square amid the coronavirus outbreak on March 24, 2020 in New York City.The stage is set for China to become the world's biggest luxury market by 2025, according to a new report. This year, Mainland China is expected to be the only region to report year-over-year growth, with the country's luxury market soaring 45% to reach 44 billion euros , Bain's 2020 Fall Luxury report said.
In the Americas, local consumers are not offsetting lost sales from global travelers. Plus, department store chains are struggling. Sales in the region are expected to contract 27% to 62 billion euros this year.
China will rule and the turncoat bastards will profit until at some point china clips their wings.
I'm not sure why people buy those ugly brown LouisVuitton bags that are overpriced.
Because we’re poor
Interesting, so we found a winner in the Covid_19 stakes huh? You don’t say?
Losers, waiting for your attack on China. It’s very hard to find the spirit of sportsmanship anymore.
More good news please(((