All that glitters is not sold
Fashions are changing so rapidly that the latest top-of-the-range item bought one year can be regarded as yesterday's stuff the following year. However, for the many thousands who have been converted by the gospel of luxury goods sharing, there are plenty of others who remain to be convinced about this new economic model. Chen Ting, 32, of Shanghai, says renting luxury goods is not the only way of trying to patch up the gaping holes that they can leave in a buyer's pocket. "Apart from well-known brand names such as Louis Vuitton, Chanel and Gucci, anyone who is keen on following fashion can look to many niche designer brands. Zhang seems to be convinced that the changes to the way people think about buying luxury goods that he is looking for are well on the way.
Luxury Brands Bank on a Raring China Market as Pandemic Lays Waste To Global Demand
Discover Related
Here’s what some exporters in China say about Trump’s trade war
China seeks to 'tariff-proof' economy as trade war with US deepens
Between tariffs and survival, American business owners are doing alarming math
For China and U.S. Inc., Trump's trade war feels much worse this time
‘Dragon-Elephant Tango’ is Chinese trick of deception, India must not buy it
Chinese exporters hunt for alternatives to ‘irreplaceable’ US buyers
More companies make beeline for Shanghai
Global ties more critical amid uncertainties
Retail giants bullish on consumption rebound
Retail giants bullish on consumption rebound
Retail giants bullish on consumption rebound
Chinese commerce minister meets with Qualcomm CEO
Retail giants bullish on consumption rebound
China Says It’s Prepared for Greater Shocks as US Tariffs Loom
Stay vigilant: China’s economic woes could spill over
Stay vigilant: China’s economic woes could spill over
Billionaire Cheng family in talks with Louis Vuitton on mega Hong Kong store
Shanghai seeks to become global hub for 'firsts'
LVMH’s Sephora Overhauls Asia Leadership After Setback in China
Haier to sharpen focus on tech innovation, new quality productive forces