International luxury brands close stores in China over weak consumer demand: Report
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China's once-glorious malls and shopping centers are now deserted, resembling ghost towns. Chinese government intervention has failed. China's once-thriving luxury goods market...
Luxury Brands Shut China Stores as Weak Consumer Demand Hits Market: Report
New Delhi, September 16, 2026 (Yes Punjab News) China’s luxury goods market is facing a significant downturn, with international brands reportedly closing stores in major cities as weaker consumer demand and economic pressures weigh on spending, according to a report. A report by Uganda-based Nile Post said luxury names including Louis Vuitton, Gucci, Balenciaga and […]
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India News AustraliaInternational luxury brands close stores in China over weak consumer demand: Report
Digital Desk | New Delhi, Sep 16 (IANS) China’s once-booming luxury market is facing a sharp contraction as international brands close stores across major cities while wealthy consumers cut down their spending, a new report has said. The report from Uganda-based Nile Post said international brands such as Louis Vuitton, Gucci, Balenciaga, and Rolex are closing stores in China citing falling demand amid a collapsing middle class and property ma…
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