According to statistics from Luxeplace.com, from January 2023 to July 2024, the Luxe.CO Luxury Stock Index decreased from 249.1 to 226.7, a decline of 9.0%. Contrary to many expectations, the global luxury market did not experience a resurgence.

Retail value in the Chinese Mainland declined by 18.6% year-on-year, accounting for 87.8% of the group’s retail value.

In the first half of the year, Hang Lung Properties’ overall rental income and tenant sales in the Chinese Mainland decreased by 3% and 13%, respectively, when measured in RMB.

In 2023, Pop Mart’s business in Hong Kong, Macau, Taiwan, and overseas markets showed remarkable performance, with revenue reaching 1.066 billion yuan, a year-on-year increase of 134.9%. This segment accounted for 16.9% of the company’s total revenue, marking the first time this business has surpassed the 1 billion yuan milestone.

On July 10, Louis Vuitton’s “Beijing Style” pop-up spaces simultaneously opened in four districts: 798CUBE, Drum Tower, Liangma River, and China World Trade Center.

In the first half of this year, LILANZ made new progress in products, channels, branding, and social philanthropy.

In the second quarter of 2024, Anta brand retail sales recorded high single-digit growth year-on-year.

Luxe.CO Intelligence conducted a study on 218 developments from 105 luxury brands in the Chinese Mainland during the second quarter of 2024 and selected the top five cases for industry reference, providing exclusive insights.

Compared to the same period in 2023, the provisional total retail sales value for the first five months of this year decreased by 6.1% year-on-year.

DT51 is a fashion shopping center developed by Beijing Hualian Department Store Co., Ltd. as an upgrade project for community commerce.