Nearly half of the world's luxury brand new shops were opened in China in 2022
LambertYedda
Jun 9
According to the first report of the real estate service provider, Howon Davis, China was the largest market in 2022 for luxury branding, but the share of total shares declined from 55 per cent in 2021 to 41 per cent. The suspension of work due to the epidemic and changes in the social retail environment are the main reasons for the slowing growth in the opening of new shops. In the Asian market, with the exception of China, the number of luxury branding shops grew by 12 per cent. This is equ...
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