We learnt last week that Chinese shoppers pulled back on their relentless spending frenzy abroad last month. And today we’ve found out a lot more about why and just what they’re doing. Global Blue’s latest in-depth analysis of tax-free spending, Globe Shopper Report: China Edition, shows that something happened in March to make Chinese shoppers apply…
The spring season may not have started that well but Mother’s Day on May 8 in the US should bring some relief if a new survey is to be believed. The annual Brand Keys Mother’s Day Survey shows that around 80% of respondents plan to but clothing as gifts. Around 59% will buy jewellery and…
2016 isn’t shaping up to be a stellar year for retailers. It didn’t start well with stock markets mayhem making a lot of people nervous. But a partial recovery since then held out some hope… until retailers and luxury companies started giving us their financial results, that is. M&S clothing sales stayed anaemic, Next gave…
Americans are getting ready to show us all why this is the world’s standout consumer spending market with an Easter spending binge.The National Retail Federation said yesterday that US consumers anticipate spending more than ever around Easter this year.
I’m often suspicious of surveys that come from product manufacturers or special interest groups. It’s amazing how many surveys show that, say, people want to eat more cheese or wear more wool and the surveys just happen to come from the body representing the cheese industry or the biggest manufacturer of wool products! But this…
The importance of Chinese tourist spending to retail around the world has become even clearer with China’s Ministry of Commerce saying over 120m of its citizens travelled abroad last year, 12% more than in 2014. And Chinese President Xi Jinping thinks the number will reach 500m by 2020.
The Chinese luxury consumer is changing with a number of factors coming together to drive this, according to the Bain & Company’s 2015 China Luxury Market Study. Last year, Chinese consumers from the mainland continued to buy luxury products but they bought them abroad as currency issues in places like Japan and Europe made travel very…
China is trying to turn itself from a classic industry-based emerging market into a consumer-led one. Is it succeeding? The latest retail spending figures for China’s big New Year spring festival, which is as much about shopping as anything else these days, suggest it is. And the world is breathing a sigh of relief.
The world may be getting economic jitters generally but US consumers are going to keep on spending. That’s the option of The National Retail Federation, which released its 2016 economic forecast late yesterday. But the good news comes with a sting as the increase won’t necessarily be about individuals spending more. Instead, falling unemployment means…
Will the Chinese economic slowdown at home translate into slower spending among Chinese shoppers abroad? That’s a question lots of companies (especially in the luxury space in the UK) are asking. And the answer? Well the indications are good, according to the retail tourism intelligence specialists at Global Blue. Spending is expected to hold up…
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