Why Hainan Is China’s Newest Luxury Mecca

Hainan was always a famous domestic hotspot that attracted local tourists with its heavenly warm weather and modern resorts. But China’s post pandemic travel restrictions and changes in duty-free shopping quotas only added to Hainan’s appeal. When the Ministry of Finance (MOF) announced that the province would include new products on…

Digital Payments are Driving Saudi Arabia Expansion in 2021

Network International, the UAE-based digital payment processor, is pushing ahead with its expansion into Saudi Arabia this year, once pandemic-related restrictions are eased. “We remain excited by the opportunity in Saudi Arabia, which is one of the largest payments markets in the MEA (Middle East…

How Technology is Reshaping Luxury Retail in 2021

Millennials and Generation Z consumers are driving 85% of the global luxury sales growth. While older shoppers have traditionally been the growth engine of luxury sales, affluent Millennials and Generation Z customers now represent over 30 percent of all luxury spending. These younger affluent shoppers…

A Look into the Global Personal Luxury Goods Market

Faced with a global health crisis and economic meltdown, the personal luxury products market has faced some significant shifts. The ability to adapt to the challenging environment has seen segments like beauty account for a significant share. Data presented by Fraîcheur Paris indicates that beauty products accounted…

The State of Luxury Fashion in 2020

Fashion, luxury or not, has had a rockier time than most this year. With some brands smashing sales records and others collapsing into administration, 2020 has exposed how volatile the industry can become when customers unexpectedly and rapidly change their shopping behaviors. Luxury has especially…

City Shopping Guides

City Shopping Guides 2021 The Ultimate City Guide for Luxury Shopping Tourism and Retailing! Present your Shop, your Restaurant or your Hotel in a storytelling article. With a video of your location and a link to your website. Be part of the Official Barcelona City…