The luxury retail market is on the brink of crisis due to the coronavirus impacting the all-important Chinese buyers both at home and abroad. Watch and jewelry sectors in Hong Kong, for example, are bracing themselves for a 40-60% decrease in sales and there are announcements of temporary closures of several upmarket stores.
Covid-19 had the unfortunate effect of temporarily shutting down all stadium facilities across the United States, which resulted in most concerts and sporting events being either canceled or postponed until the end of this year at the very least. Most facilities are in Phase Three of the federal guidelines for reopening the US
Amazon released an announcement on June 3rd that should please its Prime members as they can now benefit from one-day delivery on more than 10 million items. The rollout service does away with the minimum $35 purchase amount, with Amazon planning on adding more one-day-shipping–eligible products and expanding its
Within the category for personal wearable luxury goods (including apparel, leather goods, personal cosmetics, jewelry, and watches), there is no more important market than that of China. It is predicted that by 2035, approximately half of the consumption of luxury goods will be driven by the Chinese consumer. This is despite
A few weeks ago, Hong Kong recently proposed a total ban on e-cigarettes citing health concerns, particularly amongst young people. Only one month earlier, the US FDA announced it was considering a ban on flavored e-cigarettes in response to what it warned was an “epidemic” of young people using the devices. As regulatory bodies