Sales of luxury goods are declining in China, leading many brands to implement price cuts to attract customers. Bentley CEO attributes the drop in sales to the rich's 'emotional sensitivity' towards flaunting wealth. The luxury market in China is experiencing a shift in consumer preferences.
Gucci’s China shock reverberates across luxury market amid spending slowdown-scmp
Bentley delays EV-only game plan, sees 'uptick' in hybrids from luxury consumers https://t.co/Faz4QL0ct8
🇨🇳 China’s luxury tastes are changing https://t.co/BygG8X8tNi
Bentley CEO says sales are down because the rich are experiencing ‘emotional sensitivity’ due to the cost of living and don’t want to flaunt their wealth with a new luxury car https://t.co/DhT58fqkdQ via @YahooFinance
Bentley CEO says sales are down because the rich are experiencing ‘emotional sensitivity’ due to the cost of living and don’t want to flaunt their wealth with a new luxury car Demand for luxury goods may be outstripping mass market equivalents thanks to the widening income gap,… https://t.co/3XhxlgE4Pk
Sales of luxury goods are declining in China and many brands are resorting to price cuts to attract customers. This has become a new trend in the Chinese market. https://t.co/Dv2C6kCZPQ
China’s luxury tastes are changing https://t.co/M4h3sN4HCs | opinion
China’s luxury tastes are changing https://t.co/bexC3z3WrT