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What Does China’s Market Correction Mean For Luxury?

July 20, 2015/0/0/

While all eyes have been on the ongoing crisis in Greece, a possible “Grexit” and a questionable deal with European creditors, another worrying crisis has been unfolding in a far larger market —  and one that has been critical to the luxury industry’s spectacular growth over the past decade — China. In mid-June, the Shanghai […]

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What Shape Will China’s “Post-Crackdown” Luxury Landscape Take?

June 29, 2015/0/0/

In their new book “I F**KING LOVE THAT COMPANY,” authors Bayard Winthrop and Randy Komisar highlight how young, digitally savvy brands have steadily chipped away at the traditional brick-and-mortar retail model–which depended on size, scale, and distribution–and replaced it with one that values efficiency, speed, and dialogue to build loyalty and affinity among a plugged-in buyer base. […]

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China’s Import Tax Cuts Won’t Lift All Brands

May 26, 2015/0/0/

After years of calls from consumers and high-powered businesspeople like Wang Jianlin to drop import taxes (which have sent millions of Chinese tourist-shoppers abroad in search of lower prices), this week China’s Ministry of Finance announced a program to cut taxes for some products beginning June 1. According to Chinese news site 21CBN, this tax cut […]

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Chinese Designers Take the Wheel in New York, Los Angeles

May 11, 2015/0/0/

Making over 70 percent of luxury purchases outside of mainland China, Chinese consumers now support a vast network of brands and industries worldwide, boosting luxury and fashion brands as well as retailers, hotels and tourism providers. Now, a growing number of tourism industry professionals see what many global fashion and luxury watchers have long known: […]

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Luxury Brands, Tourist Destinations Can’t Ignore the Power of the “Pink Yuan”

April 20, 2015/0/0/

Long an important target for marketers in the West, LGBT consumers often have higher disposable incomes and lead consumer trends. With public acceptance of LGBT people continuing to grow worldwide, it’s time for brands to think global when developing their marketing strategies to this community. Case in point: as the second-largest economy — and home […]

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