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The China Edit | Luxury Comeback, Prada, Shop Rentals

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Prada store | Source: Shutterstock
By
  • Kate Abnett
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"Don't Worry, Prada and Tiffany: China Will Be Luxury's Comeback Kid(Fortune)
"Sales of luxury goods in China slowed last year. But a new report points to a growing class of wealthy Chinese, suggesting that high-end brands still have a lot of room for growth there."

"Prada's Profits Drop 28% Amid Slowdown in China(Bloomberg)
"Prada SpA reported a 28.2 percent drop in full-year profit as fewer Chinese shoppers splurged on $2,950 leather handbags and other luxury products."

"Shop Rentals Go Down in Hong Kong as Chinese Tourists Decrease" (Reuters)
"A drop in Chinese tourist numbers is driving down shop rentals in Hong Kong, with vacancies increasing in the same prime areas that just three years ago pipped New York's Fifth Avenue to become the world's most expensive retail real estate."

No Sign of Letup in Chinese Demand for Korean Cosmetics (The Wall Street Journal)
“It’s no secret that South Korean cosmetics brands are a hot item in the Chinese-speaking world, riding a wave of buzz around Korean products that extends to music, dramas and fried chicken.”

"The End Of Cheap China. But What Next?" (Forbes)
"To put it simply, there isn't another China. We have run out of low-cost countries that can replicate the scale of production taking place in China today."

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