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China's luxury goods glut to have knock-on effect in the UK

China's luxury goods glut to have knock-on effect in the UK
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Gen Z poses a problem for the world's luxury industry

Young adults around the world have been "a very strong factor of luxury growth over the past decade". ....

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Luxury sneakers may be a step too far for cash-strapped Gen Z

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Luxury sneakers may be a step too far for cash-strapped Gen Z By Reuters

4/4 © Reuters. Sneakers of Italian high fashion sneaker brand Golden Goose are displayed at its store in Beijing, China September 23, 2020. Picture ta ....

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Gen Z poses a problem for the luxury industry

SHANGHAI/PARIS - From $300 (S$415) bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry's growth in recent. ....

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