Agencies With China’s economy still struggling to recover from the pandemic, even global fashion icons are beginning to feel the pinch as consumers turn instead to the second-hand market or buy upstart new homegrown brands. Chinese were once massive buyers of luxury Western brands, accounting for a»»»

China’s shoppers are hunting for second-hand bargains and turning to homegrown brands, putting pressure on European luxury groups. China remains vital for luxury brands, but one analyst warns it may not drive growth over the next two to three years. Once, spending more was a status symbol. Now, Chi»»»

SHANGHAI, Oct 19 — With China’s economy still struggling to recover from the pandemic, even global fashion icons are beginning to feel the pinch as consumers turn instead to the second-hand market or buy upstart new homegrown brands. Chinese were once massive buyers of luxury Western brands, accoun»»»

With China's economy still struggling to recover from the pandemic, even global fashion icons are beginning to feel the pinch as consumers turn instead to the second-hand market or buy upstart new homegrown brands. Chinese were once massive buyers of luxury Western brands, accounting for around a t»»»

SHANGHAI – With China’s economy still struggling to recover from the pandemic, even global fashion icons are beginning to feel the pinch as Chinese consumers were once massive buyers of luxury Western brands, accounting for around a third of worldwide spending and earning billions for companies suc»»»

SHANGHAI: With China’s economy still struggling to recover from the pandemic, even global fashion icons are starting to feel the pinch. Consumers are turning to the second-hand market or buying from new homegrown brands. Chinese shoppers were once huge buyers of Western luxury brands, accounting fo»»»