Luxury brands, from Gucci to Chanel, are making billion-dollar bets on in-store shopping despite facing a challenging outlook due to uncertainties in China. Investors are anticipating a steep slowdown in luxury sales in the first quarter, attributed to weak demand from Chinese consumers. This comes after a period of boosted sales last year following the lifting of COVID-19 restrictions in mainland China. The current cautious spending behavior of Chinese shoppers could pose severe implications for the global luxury sector.
Chinese shoppers are watching what they spend - and that could spell deep trouble for some of the world’s luxury brands https://t.co/O9nxKtWRb3 https://t.co/V9ecfRtCt0
Investors are bracing for a steep slowdown in luxury sales when luxury companies report their first quarter results, reflecting lackluster Chinese demand https://t.co/CLJhiGoIVv https://t.co/cqaOTgjB1m
Investors are bracing for a steep slowdown in luxury sales when luxury companies report their first quarter results, reflecting lackluster Chinese demand and comparisons with last year when the lifting of COVID curbs in mainland China boosted sales https://t.co/pPj2I1gcWR
⚠️ CHINA UNCERTAINTY CLOUDS OUTLOOK FOR LUXURY SECTOR Full Story → https://t.co/rJQdvPvFQR https://t.co/lrl4ToSehu
🇺🇸 Luxury brands from Gucci to Chanel are placing billion-dollar bets on in-store shopping https://t.co/lRTJgVsJO4