Coats Webinar 2026

Chinese consumption drives global luxury sales

11 Sep '12
1 min read

The consumption by Chinese people is now driving global sales of luxury items, including luxury apparels.
 
The purchase of luxury goods by Chinese citizens in domestic and overseas markets now account for 25 percent of the overall sales revenue earned by luxury industry, compared to only 10 percent share around three years ago.
 
The demand for luxury products is rising among Chinese consumers, but they buy over fifty percent of their goods from foreign countries.
 
Hence, there is a pressure on luxury brand companies to expand to China.
 

Fibre2fashion News Desk - China

Want to unlock the full story?

Free for registered users - Register now to continue.

Already a member? Sign in


Recommended News

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search