In a year marked by uncertainty in the luxury sector, Mytheresa stands out as a remarkable success story. The luxury e-tailer reported a 10% sales growth, reaching €841 million ($927 million) for its fiscal year ending in June 2024. This achievement is particularly notable against a backdrop of tepid consumer demand and the broader challenges […]
Hong Kong Luxury Shops Sit Empty as Chinese Spending Plunges
In the heart of Hong Kong’s Tsim Sha Tsui district, the once-bustling 1881 Heritage mall is now a stark reminder of changing economic tides. Formerly the go-to destination for affluent mainland Chinese tourists seeking high-end retail therapy, this iconic shopping hub now resembles a ghost town. Only three of the thirty retail spaces remain occupied, […]