Chinese tourists are traveling again, but reportedly aren’t spending like they did before the pandemic. There was a time when the retail world catered to travelers from China, The Wall Street Journal (WSJ) reported Sunday (Dec. 17), using the example of department stores in Paris...
A slowdown in luxury spending, combined with excessive inventory levels for the holiday season, has reportedly prompted fears of a discounting spiral that could cheapen the image of luxury brands. Credit card data from both Barclays and Citi reveals a decline in luxury spending in November, Reuters reported Wednesday (Dec. 13)....
There’s a personal finance trend on TikTok that is reshaping spending habits humorously, and it’s being referred to as “girl math.” So, what is girl math all about? To put it plainly, it’s the way females rationalize their spending. Female TikTokers are explaining that in...
Affording luxury has taken on a new meaning, as many consumers have cut out all but the essentials. As noted earlier this month (May 14) by The Wall Street Journal, glitzy jewelry and fast cars are no longer clearly fashionable and are instead relatively polarizing. With...
June 04, 2023
Affording luxury has taken on a new meaning, as many consumers have cut out all but the essentials. As noted earlier this month (May 14) by The Wall Street Journal, glitzy jewelry and fast cars are no longer clearly fashionable and are instead relatively polarizing. With many consumers continuing to cut back and shunning all but the essentials, […]
April 17, 2023
This installment of PYMNTS’ miniseries based around consumer spending patterns focuses on the travel sector. Getting away from it all has been one of the last discretionary items consumers are...
December 17, 2023
Chinese tourists are traveling again, but reportedly aren’t spending like they did before the pandemic. There was a time when the retail world catered to travelers from China, The Wall Street Journal (WSJ) reported Sunday (Dec. 17), using the example of department stores in Paris hiring Mandarin speakers. And when China lifted its pandemic restrictions […]
December 13, 2023
A slowdown in luxury spending, combined with excessive inventory levels for the holiday season, has reportedly prompted fears of a discounting spiral that could cheapen the image of luxury brands....
August 26, 2022
Since the start of the pandemic in 2020, Chinese tourists — once the darlings of luxury spending on European high streets — have been such a scarce sight it’s causing...
