We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Male Consumers, Economic Rebound Help Drive Growth In China's Luxury Goods Market

January 21, 2013: 12:00 AM EST
Male consumers account for about 55 percent of the luxury goods market in China, according to brokerage firm CLSA. The trend helps drive a recovery in sales of luxury goods vendors, such as Burberry Group PLC and LVMH. Also, the market benefits from the gift-giving culture in China; however, luxury goods companies face potential sales swings because men are less likely to buy during economic slowdowns. Also, China’s economy rebounded to 7.9 percent growth in the fourth quarter following seven quarters of decline, helping push growth in the luxury goods market.
Yimou Lee and Farah Master, "China's metrosexual men revive luxury shopping", Reuters, January 21, 2013, © Thomson Reuters
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Geographies
Worldwide
Asia-Pacific
China
Categories
Consumers
Market News
Trends
Developed by Yuri Ingultsov Software Lab.