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According to Stephan Winkelmann, CEO of Lamborghini, "China's supercar market is growing faster than our expectations, while the Western markets are declining. The strong demand will soon make China our second biggest market after the United States. If the high taxes on luxury cars are removed, China could very well become the biggest market." [15]
LVMH's commentary on demand in China was a warning for luxury brands, which have relied on Chinese consumers to drive growth in recent years.
LONDON — China’s strict COVID-19 restrictions, especially with Shanghai under a two-month lockdown, led to a 6.7 percent year-over-year decline in retail sales of consumer goods in May, to 3. ...
LONDON — As China’s major commercial property developers release their 2020 full-year and interim results, a post-pandemic luxury retail heatmap begins to emerge. In mainland China, with ...
The research systematically completed China's GDP and GDP per capita from 1952 to 1986 and analyzed growth rate, the change and contribution rates of each component. The research also included international comparisons. Additionally, the research compared MPS and SNA, looking at the results from the two systems from analyzing Chinese economy ...
In 2012, China surpassed Japan as the world's largest luxury market. [25] China's luxury consumption accounts for over 25% of the global market. [26] According to the Global Wealth and Lifestyle Report 2020, Hong Kong, Shanghai, Tokyo and Singapore were four of the five most expensive cities for luxury goods in Asia. [27]
This is among the topics analyzed by the 20th edition of the “Luxury Goods Worldwide Market Study” conducted by consulting firm Bain & Company in collaboration with Italian luxury goods ...
To use the matrix, analysts plot a scatter graph to rank the business units (or products) on the basis of their relative market shares and growth rates. This results is a chart showing: Cash cows, where a company has high market share in a slow-growing industry. These units typically generate cash in excess of the amount of cash needed to ...