Bain & Company

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Chinese consumers buy luxury items abroad due to pricing gaps

Domestic luxury spending is seen to decline to 70% from 90% during the pandemic.

Chinese consumers buy luxury items abroad due to pricing gaps

Domestic luxury spending is seen to decline to 70% from 90% during the pandemic.

China’s luxury market up 12% YoY in 2023

However, it has not yet fully recovered to 2021 levels.

FMCG spending up 6.1% YoY in 2023

This is mainly driven by inflation.

E-commerce leads China’s FMCG market with 4% YoY in Q3

Smaller formats such as super/mini and grocery stores are also gaining traction.

China’s FMCG sector sees ‘soft recovery’: report 

The sector saw a 1% growth in the first nine months of 2023.

Around 3 in 4 shoppers planning to cautiously spend on Singles Day

Consumers are becoming more value-conscious for their Singles Day spending.

Southeast Asia e-commerce revenue up 28% YoY to $28b in 2023

The sector was also supported by the rapid growth of new entrants.

How retailers can satisfy customers and ensure a high Net Promoter Score

Bain’s Net Promoter Score measures the likelihood a consumer will recommend a business and company growth.

Who are the leading consumer segment in Southeast Asia?

Bain & Company said businesses should review their ambitions in the region.

Experientality, travel retail regain traction

Watches and jewellery were the top-performing luxury categories globally.

China’s FMCG sustains rebound in Q1: report

Bain & Company reported a value growth of 1.9% in the first quarter of the year. 

Luxury sales in China to rebound to 2021 levels this year

This comes after the luxury market contracted in 2022. 

China’s luxury market sees more ‘Very Important Clients’ despite 2022 contraction

VIC sales were higher than the 40% global average, Bain & Company reported. 

China’s luxury market contracts by 10% in 2022

This is the first time the market shrunk in the last five years. 

Online shoppers in India to grow up to 450 million by 2027

Currently, there are 200 million to 230 million. 

Luxury market’s last quarter growth hinges on China’s reopening

It will also be boosted by consumer confidence in Europe and America.

China's retailers must shift to sustainable operations: report

Improving shopper loyalty is expected to be critical as consumers spend less.