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Chinese consumers scout lower prices, secondhand goods as spending sputters

In a Shanghai shopping centre, customers browsed racks of used winter coats, $2 trousers and household appliances -- pre-used items that would have been out of place in a major Chinese mall a decade ago. But these days, stagnating wages, youth unemployment and a years-long property crisis are making consumers rethink their spending. China's...

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Fashion |Interview

Lucie Greene on SS27: “The mid-to-high segment is the sweet spot right now” as luxury recalibrates

Luxury in transition, and the mid-high segment ‘a sweet spot’ At the top end of the market, Lucie Greene sees early signs of a revival of the powerhouse luxury brand, albeit in a very different form from recent years. “Luxury has been in a bit of a maelstrom,” the British trend analyst and founder of Light Years says, describing a period defined...

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