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The secret Chinese luxury market that’s a retailer’s heaven

The secret Chinese luxury market that’s a retailer’s heaven

Chengdu’s malls are among the top performing outlets in China, behind only Beijing and Shanghai, and, despite having only the eighth largest GDP in the country, the city’s luxury market has surpassed Hong Kong. According to Jing Daily, 60 percent of shoppers purchasing high-end products are local and 80 percent are buying for themselves — a noted difference in consumer habits compared to larger cities like Hong Kong. “Luxury goods are almost necessities,” said Chengdu […]


Source: realdeal

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