Sales of luxury brands rise in China as customers swarm to shops
By Global Times, Published: 2020-08-30 16:31:25
Photo: Chen Xia/GT
Editor's Note:
In recent days, long lines have been seen in front of Shanghai's luxury stores, and almost every luxury shop has about a dozen customers waiting to enter. News leaked that starting from September, first-tier luxury brands like LV, Chanel will adjust their product prices again. According to estimates from the Boston Consulting Group, China's luxury market will be the first to recover from the impact of the pandemic and will see positive growth of about 10 percent.