www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

Consumers retain a taste for luxury

(China Daily) Updated: 2014-12-12 07:34

Consumers retain a taste for luxury

Consumer confidence and luxury spending will maintain healthy momentum in China during 2015, despite the slowdown experienced by some global brands, a study said on Thursday.

According to the 2015 China Luxury Forecast prepared by global public relations firm Ruder Finn Inc and Ipsos Group Co, a Paris-based market research group, 90 percent of the about 2,000 respondents it covered for the report plan to increase or maintain their spending on luxury items in 2015.

The report, which tracks key trends in the luxury sector in the Chinese mainland and Hong Kong, said that there has, however, been a change in the overall consumption pattern, with the number of customers purchasing luxury goods as gifts falling drastically, partly due to the ongoing government campaign against corruption and extravagance.

Only 12 percent of the respondents purchased luxury items for their friends or business partners this year, said the report.

"Gifts accounted for a major chunk when we made the report three years ago. But the situation has changed a lot now," said Gao Ming, senior vice-president and general manager of Ruder Finn in Shanghai.

The government's anti-corruption crackdown has been the main reason why gifting has declined so drastically, Gao said, adding that the impact was felt across the sector and brands.

Yet another reason behind the change in spending is the changing luxury preferences of consumers, with spending veering from goods to other segments, he said.

About 44 percent of the respondents were keen on purchasing luxury goods and services for themselves, and their families are the main recipients of luxury items, the report said.

Though consumer confidence improved, it did not translate into better sales for luxury brands in China as a growing number of the luxury purchases were made in overseas markets.

Chinese consumers are now the largest group of global luxury consumers with the highest growth rate, and their overseas spending on such items is about three times that of domestic consumption, said a recent report from Bain & Co, a United States-based consultancy firm.

Global Blue, one of the main duty-free shopping providers, said that during the first eight months of this year, luxury consumption in China recorded 10 percent growth over the corresponding period in 2013.

Several global luxury brands, however, reported lower sales in China. France-based LVMH Moet Hennessy Louis Vuitton SE, the world's largest luxury goods maker, said the slower sales in China dragged Asian sales during the first nine months of the year.

Tod's SpA, an Italian luxury goods maker, reported sales of 169.9 million euros ($211 million) in China in the first three quarters of 2014, a 3.3 percent decline over the same period in 2013, according to company reports.

"The store traffic in China is stabilizing at much lower levels than in the past few years," Tod's said in the report.

Many Chinese consumers are now making purchases overseas, as the local stores cannot satisfy them, said Anne Geronimi, vice-president of Ruder Finn Asia.

Only 19 percent of the Chinese mainland consumers said they were satisfied with the level of service in local luxury stores, the Ruder Finn report said.

Limited selection, poor service and staff who are not well-versed with the latest market trends are all prompting Chinese consumers to shop abroad, Geronimi said.

The growing outbound tourism market in China and the resultant spending are also triggering more luxury purchases abroad.

Statistics from the National Tourism Administration show that the number of Chinese going abroad exceeded 100 million by November this year.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久天天躁综合夜夜黑人鲁色 | 亚洲黄色小视频 | 97青娱国产盛宴精品视频 | 精品久久久久国产免费 | 国产美女动态免费视频 | 亚洲精品久久久午夜伊人 | 国产亚洲人成a在线v网站 | 特黄a三级三级三级 | 成人欧美视频在线观看 | 一级做a爱片久久毛片 | 香港三级88久久经典 | 日本一二线不卡在线观看 | 国产人成精品综合欧美成人 | 1024香蕉视频在线播放 | 2021国产精品一区二区在线 | 伊人久久精品午夜 | 性盈盈影院影院67194 | 91成年人免费视频 | 欧美乱爱 | 久久精品国产欧美日韩亚洲 | 爱视频福利广场 | 亚洲国产成人久久一区www | 老人久久www免费人成看片 | 精品国产一区二区三区久久 | 欧美黄成人免费网站大全 | 91刘亦菲精品福利在线 | 日韩中文字幕免费观看 | 欧美黑人巨大最猛性xxxxx | 久久受www免费人成看片 | 国产成人丝袜视频在线视频 | 国产三级国产精品国产国在线观看 | 日韩一级在线播放免费观看 | 欧美中文字幕在线看 | 欧美成人全部费免网站 | 美女插跳蛋视频叫爽 | 极品精品国产超清自在线观看 | 亚洲一区二区三区免费在线观看 | 久久久久久88色愉愉 | 亚洲自拍高清 | 黄色三级视频在线 | 欧美成人全部免费观看1314色 |