Kering Faces Challenges in Hainan Due to Reduced Duty-Free Spending
Discover how Kering's growth in Hainan is affected by declining duty-free spending. Explore the challenges facing luxury brands in this key market.
Topic
Hainan
A collection of 4 issues
LVMH Faces Hurdles in Hainan with Duty-Free Spending Decline
LVMH's expansion in Hainan is challenged by decreasing duty-free spending, impacting their growth targets. Explore how this affects luxury retail strategies.
Hainan Duty-Free Sales Plummet by 29.3% in 2024
Duty-free sales in Hainan, China, experienced a significant drop of 29.3% in 2024, reaching 30.94 billion yuan. The number of shoppers also declined by 15.9% to 5.683 million.
Hainan Duty-Free Sales Dip Challenges Luxury Giants
The decline in Hainan's duty-free sales poses a hurdle for luxury brands like LVMH and Kering, affecting projections after the post-pandemic surge.