2024 OCTOBER ISSUE
MARKET INTELLIGENCE
SHORT READ
| PART 2
Contents:
Lululemon’s Challenge
What Has Temu’s Global Expansion brought to Online Shopping
Chinese Customers Tightened Their Spending on Luxury Goods
Labor Abuses Found in Luxury Brands
Retailers Are Reinventing Themselves for Better Margins
What is Daigou?
Nordstrom
Estée Lauder, a Makeup Company Needs to Makeover
Criminal Activities on Return of On-Line Purchases
Burberry’s Dilemma As Being a Luxury Brand
Restriction of Using De Minimis for Chinese E-Commerce
LVMH Bought Minority Stake in Moncler
US-Made Clothes is Happening
Fashion Industry Needs Reinvigoration
Nike’s Latest Market Position
Comparisons of Hermès with LVMH and Kering
Written by Andrew Sia
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From the Desk of the Publisher
In this writeup, we brought out challenges in the market, such as the falling of favoritism of Temu’s parent company, PDD Holding Company; tightening of the spending from the Chinese middle-class shoppers; the rise of Tmall Luxury Pavilion because of hefty discount; sweatshop operation found in luxury brands; the dark side of “daigou”; criminal activities on returns of on-line purchases; restriction of using de minimis is perhaps in sight.
They have made us believe in what goes up must come down eventually, especially the behaviors and intensions are wrong in their first place.
We must admit that the market situation is still full of challenge and for us to go back where it was before would perhaps be quite impossible. Except that we may have to make necessary adjustments and accept what is known as the new normal.
