86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
By
AFP
Published
Oct 21, 2009
Download
Download the article
Print
Text size

Luxury sales in China to rise 12% in 2009

By
AFP
Published
Oct 21, 2009

BEIJING, Oct 21, 2009 (AFP) - Sales of luxury goods in China are forecast to rise 12 percent this year, a global consulting firm said Wednesday 21 October, bucking the downward trend seen in other major markets hit hard by the financial crisis.


Photo: AFP

Global sales of high-end products are expected to drop eight percent overall in 2009 to 153 billion euros (229 billion dollars), according to a study by Bain & Company emailed to AFP.

The United States and Japan, two of the world's largest markets for luxury goods, are due to see sales fall by 16 percent and 10 percent respectively, the report said.

But China will experience the opposite trend, the firm said, with research showing that 15 percent of an estimated 300 luxury store openings worldwide this year took place in the Asian giant.

"Aspirational luxury shoppers in Asia and other emerging markets are fuelling sales growth in 2009," Claudia D'Arpizio, a Milan-based partner at Bain, was quoted as saying in the study.

"They remain bullish on brands," she said.

The report added sales growth in China along with South and Central Asia "may cause Asia to overtake Europe and the Americas as the largest global luxury market region."

According to the state-run Beijing News, China has already overtaken the United States as the world's second largest consumer of luxury goods after Japan.

China is forecast to become the world's top buyer of luxury goods by 2015, consulting firm PricewaterhouseCoopers has said in research published on its website.

Copyright © 2024 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.