28 Dec '15, 7am

What could 2016 hold for China's luxury and travel markets? - Luxury Daily

Chinese shoppers: moving along? By the China Luxury Advisors team China Luxury Advisors’ take on the evolution of Chinese luxury shopping next year and what it means for brands and retailers as consumers shift behavior. EU to remain a strong draw, with Spain and Italy gaining on France After a lackluster 2015 for many luxury brands – particularly those overburdened by unprofitable China operations – expect more pressure for improvement in mainland China performance in 2016, with further store closings and a rationalization of bloated operations. A depreciating Renminbi might make this a bit more challenging, particularly for those brands who hastily increased prices in China in the summer of 2015. A weak – and potentially even weaker – euro in 2016 will offset some of the pain for European luxury and will continue to favor tourism to Eurozone countries over more expensive ...

Full article: http://www.luxurydaily.com/what-could-2016-hold-for-china...

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