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Chinese consumers scout lower prices, secondhand goods as spending sputters

In a Shanghai shopping centre, customers browsed racks of used winter coats, $2 trousers and household appliances -- pre-used items that would have been out of place in a major Chinese mall a decade ago. But these days, stagnating wages, youth unemployment and a years-long property crisis are making consumers rethink their spending. China's...

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Luxury: 86 percent of Indian consumers plan to increase spending over next 12 months

Nearly two thirds of Indian and Chinese consumers have spent over 20,000 euros on luxury goods in the past 24 months. Additionally, 86 percent of Indian consumers plan to further increase their spending over the next 12 months, the most significant figure among all markets analysed. The data confirms that luxury growth continues, yet drivers and...

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