VAST VIEW Coach's China Chief Sounds Off on Luxury Slowdown as Shoppers Pull Back
Coach's China president says the country's luxury sector is feeling the pinch of weak consumer spending, offering a rare on-the-ground read from Shanghai's import expo.
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Liliana Lucioni, Coach's China President, addressed the state of the country's luxury market during an interview at the China International Import Expo in Shanghai, according to Bloomberg. She discussed her outlook for the sector as consumer spending in China remains sluggish.
Lucioni spoke with Bloomberg's Minmin Low on the sidelines of the expo, a major trade event that draws international brands looking to tap into the Chinese market. Her comments come as luxury retailers globally have been watching Chinese consumer behavior closely for signs of recovery or further pullback.
Bloomberg's report did not detail specific sales figures or forecasts beyond Lucioni's general commentary on the weak spending environment facing luxury brands in China.
Sources: Bloomberg Markets
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