retail

Chinese are the biggest luxury spenders in the world

Chinese travelers are the biggest spenders in the world. As reported by Hotels.com, the average of Chinese tourists’ expenses during their trips abroad is around 6,707 RMB per day, excluding accommodation costs. The majority of the travel’s budget of Chinese tourists is earmarked to go shopping. Throughout their travels, Chinese holidaymakers spend up to 57.76% …

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Hugo Boss finally decide to be in command of their brand in China

No more partnership for luxury brand All the luxury brands started to open direct operated stores, buy franchises and stakes in retail partner hoping to give more control over store design and how their goods are marketed in Asia, Russia and the Middle East. For example, Gucci, Hermes and Prada in Russia, Burberry in China …

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