Industry's recovery could accelerate thanks to 'revenge spending' sprees
Fri, Mar 13, 2020 - 5:50 AM
While store traffic is inching back up after falling 80 per cent at the peak of the outbreak, it is unlikely that the spending undertaken by those newly out of lockdown will make up for the lost sales.
CHINESE shoppers are slowly returning to the glitzy malls and boutiques where they have been driving growth of the global luxury industry, as the novel coronavirus quarantine measures relax.
Store traffic in China is creeping back up after falling by as much as 80 per...