久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Luxury industry bouncing back from slump

By Fan Feifei | China Daily | Updated: 2020-06-09 08:57
Share
Share - WeChat
Tourists purchase luxury goods at a duty-free store in Haikou, capital of South China's Hainan province, on May 2. [Photo by Luo Yunfei/China News Service]

E-commerce platforms step up efforts to cooperate with high-end brands after the novel coronavirus outbreak

The luxury goods sector has witnessed a rebound in China and is playing an active role in boosting global economic recovery despite the challenges posed by the COVID-19 outbreak, with more high-end brands accelerating their digitalization push and expanding their online presence, said industry insiders.

Italian luxury brand Bulgari is bullish on the prospects of its luxury business in the world's second-largest economy, showing full confidence for the recovery of its business as the contagion comes under increasing control in China.

"Luxury brands worldwide have attached great importance to the Chinese market. We hope to be a key opinion leader of the Chinese luxury market through creativity and design that suits the tastes and mentality of Chinese consumers. As for the Chinese market, our focus is more about its people," said Jean-Christophe Babin, CEO of Bulgari, in an interview with China Daily.

Babin said with China's growing economy, the country's consumers have become more sophisticated and refined in their tastes-qualities that are extremely important for luxury brands.

The COVID-19 pandemic has hit the luxury and fashion industry hard. According to a study conducted by Boston Consulting Group, global sales in these two sectors could drop by 25 to 30 percent this year compared to 2019.

Babin said when the pandemic was at its peak in China, the company closed 50 percent of its stores nationwide, which have now reopened.

The company encountered a strong rebound since mid-March, indicating the strength and resilience of the Chinese market as well as the recognition and demand of Chinese consumers toward luxury brands with a strong brand DNA, long history and exquisite craftsmanship, he added.

"Brick-and-mortar stores are still very important, while digitalization is also essential. The Chinese market has always been very dynamic and strong, so we will adjust our strategies according to market demand in the process of expanding our businesses," Babin said.

"Luxury as well as fashion have always been important protagonists in the post-crisis period. They have always been synonymous with creativity, beauty and rebirth. As a member of this circle, we have to spare no efforts in promoting the recovery of the global economy," he said.

When the virus is successfully controlled, consumers will leave their homes to enjoy offline shopping experiences, Babin said, adding that offline channels are still very important for luxury brands, especially high-end jewelry brands, in communicating with consumers.

"Many brands began to expand their online presence since the COVID-19 outbreak. We introduced our official online shopping platform a long time ago and have achieved great results. We hope to provide consumers with valuable, convenient and rich experiences through digitalization," he said.

Meanwhile, e-commerce platforms have stepped up efforts to cooperate with luxury brands since the outbreak, as more Chinese consumers are turning to channels within China to buy luxury products considering restrictions on travel and widespread closures of offline stores.

According to Chinese e-commerce giant JD, since the beginning of January, around 20 luxury brands have opened stores on its online marketplace, such as the world's oldest fine leather goods house Delvaux, jewelry brand Goossens and British luxury leather brand Smythson.

"The pandemic has affected many industries, and luxury is no exception. It has encouraged many luxury brands to attach greater importance to online business," said Kevin Jiang, president of international business at JD Fashion and Lifestyle.

In the coming months they plan to offer more innovative programs, such as livestreaming and social e-commerce, to help brands deal with the impact of the pandemic, Jiang said.

"Chinese luxury-brand consumers are younger than Bulgari's consumers worldwide. Compared with European consumers, Chinese consumers are exposed to luxury brands at a younger age. The average age of our Chinese consumers is between 25 and 35, while the age of European consumers ranges from 34 to 45," Babin added.

Moreover, he emphasized that transparency and fair trade in the jewelry industry are playing a more important role in affecting the purchase of jewelry.

Other luxury brands are recovering from the COVID-19 pandemic. French luxury group LVMH said its top brands including Louis Vuitton saw sales on the Chinese mainland rise by more than 50 percent year-on-year in early April. On April 11, Hermes reopened its Guangzhou flagship store and reportedly achieved turnover of $2.7 million in a single day.

Laurel Gu, category director of consultancy Mintel China, said demand for luxury products and services was dampened since the COVID-19 outbreak. In the short term, this is a temporary drag, mainly associated with financial pressure, but is likely to recover as personal financial circumstances improve.

"In the long term, we expect to see the definition of luxury evolve and become a state of mind, rather than ownership of things. In general, we predict 'mindful consumption'-as opposed to buying without much thought or for the thrill of it," Gu said.

Chinese luxury spending is expected to double to 1.2 trillion yuan ($169.7 billion) by 2025, delivering 65 percent of growth in the market globally, a McKinsey report said.

While the COVID-19 pandemic has made for a challenging 2020, with careful planning and deft execution, the luxury goods sector can successfully weather the crisis and emerge even stronger, the consultancy said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    久久香蕉视频网站| 欧美特级aaa| 在线视频一二区| 人妻无码久久一区二区三区免费 | 永久免费的av网站| 国产免费一区二区视频| 91精品999| 成人一级片网站| www.国产亚洲| 午夜国产福利在线观看| 国产精品欧美激情在线观看| 欧美一区二区中文字幕| 99精品一区二区三区的区别| 无码无遮挡又大又爽又黄的视频| 在线观看18视频网站| 狠狠热免费视频| 加勒比成人在线| 男人草女人视频| 污网站在线免费| 欧美日韩怡红院| aa在线免费观看| 欧美又粗又长又爽做受| 欧美a级黄色大片| 国产又粗又长又爽又黄的视频| 女性隐私黄www网站视频| 久无码久无码av无码| 7777在线视频| 男女视频在线观看网站| 天堂中文av在线| 午夜免费看视频| 最新中文字幕2018| 成人性生生活性生交12| 欧美牲交a欧美牲交aⅴ免费真 | 污色网站在线观看| 亚洲精品中文字幕无码蜜桃| 国精产品一区一区三区视频| 久久久久久久9| 日韩国产小视频| 国产精品一区在线免费观看| 国产999免费视频| 日韩高清在线一区二区| 99久久99精品| 国产成人强伦免费视频网站| 一区二区三区国产好的精华液| 亚洲18在线看污www麻豆| 五月婷婷六月丁香激情| 亚洲综合婷婷久久| 亚洲日本黄色片| 中文字幕制服丝袜在线| 亚洲国产精品女人| 喜爱夜蒲2在线| 精品成在人线av无码免费看| 日韩精品视频在线观看视频| 久久亚洲中文字幕无码| 国产超级av在线| 国产成人精品视频ⅴa片软件竹菊| 欧美精品aaaa| 亚洲免费黄色录像| 99中文字幕在线观看| 无码日本精品xxxxxxxxx| 欧美久久久久久久久久久久久| 黄色影院一级片| 午夜宅男在线视频| 国产黑丝在线视频| 久久这里只有精品18| 国产女大学生av| 激情综合网俺也去| 伊人色在线视频| 97中文字幕在线| 国产成人久久婷婷精品流白浆| 污片在线免费看| 久久精品在线免费视频| 久久视频这里有精品| 亚洲精品高清无码视频| 国产一区二区三区小说| 无码人妻h动漫| 国产美女18xxxx免费视频| 亚洲国产精品女人| 欧美成人三级在线视频| 一级在线免费视频| 美国av在线播放| 毛片在线视频播放| av污在线观看| 真实国产乱子伦对白视频| 日韩av播放器| 国产999免费视频| 奇米影视亚洲色图| 色一情一区二区三区| 国产日本在线播放| 中文字幕视频在线免费观看| 欧美日韩中文字幕在线播放| av免费网站观看| 亚洲精品少妇一区二区| 成人性视频欧美一区二区三区| 日本三日本三级少妇三级66| 91国视频在线| 日韩欧美中文在线视频| 免费无码av片在线观看| 男女啪啪的视频| 男人的天堂日韩| 欧美日韩福利在线| 国产喷水theporn| 成人午夜视频在线观看免费| 亚洲欧美国产日韩综合| 亚洲美免无码中文字幕在线| 17c国产在线| 久久久噜噜噜www成人网| 不卡中文字幕在线| 一本久道综合色婷婷五月| 国产爆乳无码一区二区麻豆| 在线黄色免费观看| 欧美在线观看成人| 国产免费xxx| 亚洲精品综合在线观看| 亚洲美免无码中文字幕在线| av磁力番号网| 亚洲国产精品毛片av不卡在线| 小泽玛利亚av在线| 国产精品久久久久久久av福利| 妞干网在线免费视频| 国产精品无码人妻一区二区在线 | 97超碰在线人人| 国产精品jizz在线观看老狼| 91在线视频观看免费| 日韩国产一级片| 经典三级在线视频| 红桃视频 国产| av污在线观看| 国产精品久久久久9999小说| 奇米影视亚洲色图| 日本男女交配视频| 日本道在线视频| 免费观看黄色的网站| 久久久久久久久久一区二区| 午夜免费精品视频| 丝袜老师办公室里做好紧好爽| 日本福利视频一区| 999久久欧美人妻一区二区| 涩多多在线观看| 亚洲精品视频三区| 亚洲va综合va国产va中文| 国产aaaaa毛片| av丝袜天堂网| www.超碰com| 香蕉视频网站入口| 爱情岛论坛成人| 熟妇人妻无乱码中文字幕真矢织江| 免费黄色日本网站| 国产乱子夫妻xx黑人xyx真爽| 欧美视频在线播放一区| 国产精品无码av在线播放| 亚洲人精品午夜射精日韩| 国产v片免费观看| 国产资源在线视频| 99999精品视频| 久久国产乱子伦免费精品| 免费在线观看日韩视频| 99视频精品免费| 午夜两性免费视频| 九九九九九九九九| 91社在线播放| 白白操在线视频| 日本午夜激情视频| 国产日韩一区二区在线观看| 免费男同深夜夜行网站| 亚洲激情在线观看视频| 亚洲天堂2018av| 天堂av.com| 奇米777四色影视在线看| 激情小视频网站| 国产99久久九九精品无码| 999在线免费视频| 视频在线观看免费高清| 亚洲日本黄色片| 999久久欧美人妻一区二区| 国产精品www在线观看| 国产91对白刺激露脸在线观看| 亚洲精品高清无码视频| 免费网站在线观看黄| 麻豆传媒网站在线观看| av7777777| 国产美女18xxxx免费视频| 欧美与动交zoz0z| 成 年 人 黄 色 大 片大 全| 欧美精品一区二区三区免费播放| 污视频网站观看| 肉大捧一出免费观看网站在线播放| 91成人综合网| 九色porny91| 男女h黄动漫啪啪无遮挡软件| 日本丰满少妇xxxx| 91插插插插插插插插| 日本丰满大乳奶| 成人在线免费观看av| 国产色视频在线播放| av 日韩 人妻 黑人 综合 无码| 日韩av资源在线| 国内av免费观看| 久久精品免费一区二区| www激情五月|