Luxury retailers are sceptical about a strong rebound in demand in China, despite the country's economic recovery from the COVID-19 pandemic. There are a number of reasons for this scepticism, including changes in consumer behavior, economic uncertainty, and increased competition. One of the main reasons for the scepticism is the changes in consumer behavior that have … [Read more...] about Luxury retailers are sceptical about a strong rebound in demand in China
luxury
Despite a cooling economy, the very wealthy are still buying luxury goods
Despite a cooling economy, the very wealthy are still buying luxury goods. This trend is being driven by a number of factors, including an increase in the number of ultra-high net worth individuals and a shift in consumer behavior towards experiences over material possessions. One of the main reasons for this trend is the increasing number of ultra-high net worth … [Read more...] about Despite a cooling economy, the very wealthy are still buying luxury goods
