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Luxury

Chinese gold sales: losing their lustre?

A slowdown in gold sales in China in 1H14 has prompted debate about the outlook for gold investment and jewellery sales during the remainder of the year.

28 August 2014

Chow Tai Fook – challenges mount despite recovery

Although surging demand for gold has helped to drive a sales recovery over the past 12 months, intensifying competition in the mainland jewellery market poses challenges for the market leader’s future growth.

30 January 2014

Chow Sang Sang – gaining popularity in first-tier cities

A surge in gold sales during the first half of the year supported strong revenue growth in 2013, while its popularity in first-tier cities continues to grow, helped by strict management oversight.

30 January 2014

Luk Fook – mainland outperformance

Franchise-led expansion and high-profile marketing campaigns have boosted Luk Fook’s sales and popularity in mainland China.

30 January 2014

Lao Feng Xiang – franchise model holds down margins

A heavy reliance on franchised stores and low-margin gold jewellery sales has enabled Lao Feng Xiang to continue to expand its store count and popularity, but at the continued expense of margins, which remain far lower than rival listed jewellers.

30 January 2014

Jewellery – a golden new year

Our recent consumer surveys and store visits nationwide suggest a strong pick-up in gold sales in January, which should cap off a glittering financial year for leading Hong Kong-listed mass-market jewellers.

30 January 2014

Special Report: A more selective approach to shopping

Our survey reveals that shopping remains central to the Chinese outbound tourism experience, but low- and middle-income travellers are becoming more selective about the goods they purchase on each overseas trip.

16 January 2014

Special Report: Market leaders at home and abroad

Our survey of the most commonly purchased designer fashion, jewellery, watch, cosmetics, consumer electronics and liquor brands among Chinese outbound tourists highlights the strong brand loyalty that leading brands across these categories have established among Chinese consumers.

16 January 2014

Betting on Bitcoin

DANWEI - China seems set to get on the Bitcoin bandwagon. The amount of renminbi needed to buy one Bitcoin is rising prodigiously, and a growing number of companies are developing Bitcoin payment facilities. Also in this week’s Danwei Bulletin, China Minsheng Bank is fighting back against the money market funds, controversial price hikes at LV, and Singles Day breaks all e-commerce records.

15 November 2013

China emphasises tax reforms

China plans to levy a consumption tax on more luxury goods, as well as on products that cause severe environmental pollution and waste resources, Lou Jiwei, finance minister, was quoted as saying today. We think the announcement, made after a meeting of top legislators, reinforces the sense that key reform initiatives are gaining momentum ahead of a key Communist Party meeting set for November (Update Alert, Aug 27).

28 August 2013
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