luxury goods

Retail Asia14/07/2020

Government authorities have raided a warehouse storing thousands of fake luxury goods in Lao Cai City, northern Vietnam, which were being sold online. The 10,000sqm warehouse was divided into several areas including rooms for selling fake luxury goods via live-streaming on Facebook. Most of the items are copies of major brands including Gucci, Chanel, Nike […]

Retail Asia21/11/2018

New data from Bain & Company shows global luxury goods sales will struggle to maintain growth, as the US-Sino trade war and other geopolitical events impact on consumer confidence. In June, Bain said the personal luxury goods market was “on a tear” this year and would grow by between 6 per cent and 8 per […]

Retail Asia23/11/2017

Le Thu Trang recently switched from a Gucci bag to a Prada design for a fresh look, but the decision did not put a massive dent in her bank account. Both of her bags are counterfeits and cost 20 times less than the originals that can be found in the stores of luxury Italian brands. […]

Retail Asia29/09/2016

Seoul police busted four retailers Monday for selling counterfeit products of luxury brands in Myeongdong, one of the busiest tourist and shopping districts in Seoul. The gang launched operations in April, and has since sold 40-million-won ($36,245) worth of knockoff products from 41 brands that included luxury brands Louis Vuitton and Rolex. Converting the sales figure […]

Retail Asia15/08/2016

Chinese travelers are spending billions of dollars abroad, but where exactly are they making their luxury goods purchases? A recent report titled “Who Buys Where: Decrypting Cross-Border Luxury Demand Flows” by digital direct marketing services provider ContactLab and Exane BNP Paribas Research maps out spending patterns by tourists from all over the globe based on […]

Retail Asia10/10/2015

The Asia luxury goods market is still growing rapidly despite negative press about Hong Kong, Macau and deteriorating China spending. Luxury goods retail sales in Asia-Pacific are expected to reach US$134.9 billion by 2019, growing at a CAGR of seven per cent during 2014-2019, according to the report Luxury Goods Retailing Market in Asia-Pacific, 2014-2019 […]

Retail Asia06/08/2015

Rents for retail space on the island of O‘ahu rose to a record earlier this year. Colliers International says commercial rents here have been rising for the past several years, a trend that’s expected to continue. Commercial rents have also risen in Hong Kong, but some luxury retailers are fighting back. HPR’s Bill Dorman has […]

Retail Asia27/05/2015

China’s mainland government will halve duties on imported clothing, accessories, skincare products and nappies from Monday June 1. The China duty cuts were first flagged early this month as Beijing’s lawmakers sought a way to revive flagging retail sales growth and encourage locals to spend more at home rather abroad. The cuts are aimed at […]

Tag: luxury goods

Massive fake luxury goods ring shut down in Vietnam

Global luxury goods sales drop: Bain

Desire for cheap luxury drives counterfeit market in Vietnam

High-end Knockoff Retailers Busted in Seoul’s Busiest Tourist District

Report: Chinese Shoppers Make 40 Percent of Luxury Purchases Abroad

Asia luxury goods market still growing

Hong Kong Luxury Goods Stores Want Cheaper Rents

China duty cuts details released