Sales of luxury brands in China see slower growth but still going strong

Mainland market is unusual with 60% of products bought as gifts The sales of some luxury brands have seen slower growth on the Chinese mainland as an economic slowdown has led to weak demand. Hermes International SCA, which released its second-quarter sales figures on Thursday, said its revenue growth in Asia excluding Japan was 24.6 [...]

Search Engine Marketing is Key to Reach Chinese Luxury Watch Buyers

China Overtakes U.S. In Luxury Watch Demand China Becomes No 1 Luxury Watch Market China has surpassed the U.S. as the country exhibiting the highest demand for luxury watches based on Internet searches, according to a survey released Wednesday. China represents 23 percent of all watch-related searches, according to the WorldWatchReport, published by Digital Luxury [...]

Future’s so bright in optical sector

  “You are my sunshine, my only sunshine… Please don’t take my sunglasses away.” Tourists in Tian’anmen Square wearing sunglasses during a hot summer day. Both sunglass producers and stores now see a busier business season as compared with the same period last year. [Photo/China Daily]  High-end companies foresee big opportunities in the Chinese market [...]

How to cater your branding to Chinese consumers

A new study has highlighted the growing need for Chinese companies to better identify the branding strategies they are planning to use in the particular regions of the country they are selling their goods and services. The report, produced by the American Chamber of Commerce in Shanghai and leading global management consulting firm Booz & [...]

Chinese luxury brands lag behind foreign ones

BEIJING – Despite its status as the world’s second-largest consumer of luxury products, China’s own luxury brands are almost nonexistent, experts said Friday.   Visitors take photos of a crystal droplight at Luxury China 2012, a luxury commodities show, in Beijing on June 8, 2012. [Photo/Xinhua]   Chinese products were few in contrast with the abundance [...]

Chinese buy 30% percent of Swiss watches

China’s market enabled the Swiss watch industry to break all records in 2011 with exports reaching very high level both in value and volume. Statistics from the Federation of the Swiss Watch Industry show that consumers in Hong Kong and the Chinese mainland spent more than 5.72 billion Swiss francs ($5.907 billion) on Swiss watches [...]

China sales drive up Jaguar Land Rover profits

LONDON – Jaguar Land Rover, the Indian-owned car manufacturer based in Britain, reported records sales driven by strong demand in China and other emerging markets, the company said on Tuesday. The luxury car maker made an annual pre-tax profit of 1.5 billion pounds ($2.3 billion) in the year ending March 2012, up from 1.12 billion [...]

Report reveals identity of city’s wealthiest residents

Business owners, real estate investors and professional investors are the wealthiest people in Shanghai, according to Shanghai Wealth Report 2012, published on Friday by Hurun Report and the Australia-based independent financial adviser Gao Fu Wealth Management.     There are 370,000 people with 6 million yuan ($950,000) living in Shanghai today, or one-in-65 people in [...]