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China drives two-thirds of global luxury spending growth in 2020: NPD

03 Pic: Shutterstock Chinese luxury consumer spending in the direct retail channel totalled $12.29 billion worldwide and $9.83 billion in mainland China in 2020, according to The NPD Group’s latest report. Despite COVID-19, Chinese consumers contributed almost two-thirds of global growth in luxury spending in 2020, which already accounted for one-third of the global total. Luxury brands are now focusing even more attention on the Chinese market and these powerful consumers, especially...
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Luxury spending booms in mainland China reports The NPD Group

Luxury spending booms in mainland China reports The NPD Group Share Article Chinese consumers contributed almost two-thirds of global growth in luxury spending in 2020. Despite COVID-19, Chinese consumers contributed almost two-thirds of global growth in luxury spending in 2020, which already accounted for one-third of the global total. PORT WASHINGTON, N.Y. (PRWEB) April 29, 2021 Chinese luxury consumer spending in the direct ret...
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Source: prweb.com

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