Luxury Market Expected to Bottom Out This Year

Categories:Other Brands

Later this month, Bain will release its 2016 luxury industry outlook but early predictions have the market bottoming out later this year and rising again in 2017. As usual, China is at the center of all the action. Last year, dramatic stock declines and a crackdown on corruption in China resulted in some of the biggest declines in luxury earnings since the financial crisis, but in-country demand is expected to rise by the end of this year and into 2017.

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Luxury Stores in Hong Kong

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Luxury brands are increasingly dependent on the Chinese consumer. The number of Chinese Travelers from Hong Kong is predicted to decrease this year, which would contribute to decreased luxury spending abroad.

They expect new regulations and tax protocols will result in a significant decline in grey-market imports, thus boosting Chinese domestic demand. Given that luxury retailers have moved toharmonize prices between Europe and China over the past year, there’s also now less incentive to make purchases outside the country. According to the upcoming report, the price discrepancy between Europe and China has been halved in the past year, from 70% to 35%, and is expected to decline to 25% “in the near future.”

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Luxury Sales Growth broken down by Geographic Region

Chinese Shoppers lining up in front of a Hermes Paris store last September.

European sales have obviously taken a serious dip after the most recent terrorist attacks in Paris and Brussels, but this isn’t expected to put any long-term pressure on earnings. In general, there don’t seem to be any identifiable drivers for international demand growth in the forecast, which could prove hugely problematic for already-struggling retailers in the event of some sort of macroeconomic shock.

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If you live in China or Hong Kong, we’d love to hear about your experience of acquiring luxury goods and how it’s changing on the ground, if it actually is?

Tags: Market To Out BOTTOM this Year Luxury Expected

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2014 Spring/Summer Louis Vuitton x Dover Street Market Bandana

Categories:Louis Vuitton

Last Saturday, March 1st, 2014, Louis Vuitton has been launched a set of new Louis Vuitton x Dover Street Market Bandana which available two colorways choose from. In the Upcoming 2014 Spring/Summer season, Dover Street Market is proud to present their joint venture project with Louis Vuitton. And the New LV Bandana will be a one of great choice in this season.

LV Dover Street Market Bandana as part of the men’s collection, produced in classic design to complement the current styles which in some monogram or LV logos scattered throughout the design, and no sign of exaggerated branding in a single logo on the bottom right make it looks perfect and elegance. At our site you will not only find many of classic and fashionable lv bandana sale, but also many of LV bags 2014 cheap sale for free shipping!

Louis Vuitton x Dover Street Market Bandana

Louis Vuitton x Dover Street Market Bandana

2014 Spring/Summer LV Dover Street Market Bandana

2014 Spring/Summer LV Dover Street Market Bandana

Tags: Louis Vuitton x Dover Street Market Bandana

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