The biggest fashion and luxury brands in the world are seeing massive growth in the Asia-Pacific, but sales are falling in the United States amid a rising cost of living and slow down of non-essential purchases.
LVMH, the worlds leading luxury products group, has said that while the recovery of the Chinese sales market has helped business remain steady, the U.S. luxury market has slowed down. LVMHs U.S. sales slid 1 percent in the second quarter from the prior-year period, which was caused by a decline in ..
Chinese market makes up for US downturn thefrontierpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thefrontierpost.com Daily Mail and Mail on Sunday newspapers.
Luxury giant says Chinese market makes up for U.S. downturn asiabulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiabulletin.com Daily Mail and Mail on Sunday newspapers.
The trend for low-rise rubber-soled "terrace" sneakers could give Adidas and Puma an advantage over Nike this summer, but may not offset weakening US and Chinese demand.