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Regions Japan

It looks like the party's over for luxury goods in China

Luxury retailers say they've been hit by slumping sales in China, while tourism spending in Japan booms.

By: Business Insider
  • Jul 18 2024
  • 82
  • 6381 Views
It looks like the party's over for luxury goods in China
It looks like the party's over for luxury goods in China
Chinese consumers have been avoiding some big-ticket purchases because of "luxury shame," Bain analysts said.NurPhoto/Getty Images
  • Luxury retailers say they've been hit by slumping sales in … [+4908 chars]

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It looks like the party's over for luxury goods in China

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Japan saw record 17.78 mil foreign visitors in 1st half of 2024
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