And, third, domestic Chinese taxes will jack up the prices of imported luxury items, which makes shopping abroad (even with the added airfare and travel expenses) so worth it. For example, according to WWD, one Chinese tourist bought a Versace handbag …
Like many producers of luxury items, Rémy has been affected by the Chinese government's decision a year ago to crack down on conspicuous spending by officials. In November, Rémy warned that the Chinese policy change coupled with continuing …
“There will be a little bit of peace for a day or two but not enough to get goods in,” Helen Mould of UK-based Save the Children told the Monitor, referring to hotspots like Bor and Bentiu. “Right now there's an urgent need for everything — food …
Inside the home features a large great room, covered patio, gourmet kitchen with central island and luxury master bedroom. Guests can tour the Telluride, a favorite among Arizona home buyers, at The Estates at Happy Valley this January. Highlighted …
Super broker Dolly Lenz discusses two $25 million estates known as "Island Time" and "City Sophisticate," and weighs in on which property is the better value. "The international buyer is only looking at the condo market," said Jonathan Miller …
This enables sales associates to be armed with the tools they need to effectively interact wuth customers, such as consumer opt-ins, shopping behavior, where they purchase around the world, what is in their online basket, what they have said to friends …
Grab bags of diamonds and electronics flew off the shelves during Japan's New Year sales, as the nation's continuing economic recovery whetted consumer appetite for spending. Thousands waited in line at department stores in the cold around the country …
Though China's current anti-extravagance drive is hitting luxury sales hard, the market is still huge, especially with smart and increasingly fashion-savvy consumers. According to a recent Bain & Company report, the growth of luxury sales has slowed.
It's not just European luxury brands feeling the pinch of high tariffs in China: a new segment by Canadian news channel CBC explores the effects they're having on North American brands. In the segment above, the channel interviews a member of a Jeep …