Friday, January 27, 2023

Jan 27, 2023 - Luxury retailer LVMH is optimistic as it sees Chinese shoppers and tourists returning

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TradeBriefs Editorial

From the Editor's Desk

Why my bittersweet relationship with Shein had to end

I’m a lot like everyone else these days, doing a bit of self-reflection at the beginning of the year. I’m a tech reporter, but I also use tech platforms for my personal life. And throughout the last year, I’ve been really considering my bittersweet personal relationship with … online shopping.

To be honest, I’ve been missing the online shopping experience in China since I moved to the US four years ago. I grew up in China at the same time that Taobao, a popular e-commerce platform, inserted itself into the center of everyday life. Whatever common, luxury, niche, or handmade products you wanted, you could always find them online on Taobao, and at a cheaper price than in brick-and-mortar stores. It really is the place of abundance.

Continued here


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Luxury retailer LVMH is optimistic as it sees Chinese shoppers and tourists returning
Luxury retailer LVMH is optimistic as it sees Chinese shoppers and tourists returning
Guiony, however, said the declines are largely due to favorable comparisons in the first two quarters and the surge in Americans taking advantage of a strong dollar to buy luxury goods in Europe over the summer. He said sales at Sephora — the beauty retailer owned by LVMH — showed no signs of consumer weakness in the U.S. and had \"high growth in the fourth quarter.\"


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