China
China scraps COVID-19 quarantine for international travellers
Despite the increase of COVID-19 cases in the country this month, China announced that from the 8th of January travellers will no longer be required to quarantine upon arrival on the mainland
Luxury concerned over new COVID-19 surge in China
The Asian giant tightened its COVID-19 restrictions last week due to a spike in new COVID-19 cases. This has raised concern about a further slowdown in the country's luxury market
World's largest duty-free shopping complex opens in Hainan
Regarded as the world's largest duty-free facility, the Haikou International Duty-Free City Shopping Complex, located in the province of Hainan, China, is now open to the public
Footwear industry: very positive first semester now threatened by clouds of uncertainty
Watch out an interview with our Editor, Joana Vaz Teixeira, and get the latest updates on the footwear industry, with a focus on the main insights from the performance in 2021, going to the current scenario and the future perspectives
CHIC Greater Bay Area 2022 postponed to 2023
Due to rising COVID-19 cases in Shenzhen, CHIC GBA (Greater Bay Area), scheduled to take place from the 2nd to the 4th November 2022, will be postponed to 2023
Realignment of CHIC trade fairs
CHIC China International Fashion Fair, one of Asia's most important fashion fair, is realigning itself. With three editions a year in Shanghai and Shenzhen, CHIC aims to provide an universal platform for the entire fashion industry and trade
Mexico: footwear exports on track to grow by more than 50% this year
The Mexican footwear industry estimates to export between 32 and 35 million pairs by the end of 2022, which would reflect a growth year-over-year of more than 50%
Shanghai: fashion retailers struggle to clear stock
Almost a month since Shanghai lifted the strict COVID-19 lockdown, stores are struggling with piles of unsold stock, as wary consumers avoid shopping districts
Yue Yuen posts revenue decline
The group informed that despite global strong demand for its products, revenue was down by 4.% in the first quarter of 2022 due to COVID-19 outbreaks in Mainland China
Omicron outbreak in China raises fears of more supply chain disruptions
Chinese authorities are imposing new COVID-19 restrictions to fight the surge of Omicron-variant infections, which is raising concerns over further disruptions to the global supply chain
China’s personal luxury market grew by 36% in 2021
Chinese consumers spent around 471 billion yuan (74.3 billion US dollars) on personal luxury goods last year, despite challenges posed by the COVID-19 pandemic
Pou Sheng strengths partnership with Nike in China
Yue Yuen’s retail subsidiary Pou Sheng International has boosted its cooperation with Nike to offer a more convenient and personalized omnichannel retail experience-
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