French luxury goods group LVMH Moet Hennessy , said recently that it will raise the sales price of Louis Vuitton and other luxury Cheap
Replica Handbags brands in Europe for the Chinese market shrinking sales and related profits.
The report quoted the data of the group, said the luxury brand's global sales continue to rise, the first quarter of this year, sales revenue of 6.58 billion euros, up 25 percent over the same period, but Asia is the slowest sales growth, especially in the Chinese market is showing a gradual signs of shrinking.
Reported that the price differences due to exchange rate and the luxury tax and other factors, the Louis Vuitton in China and France has risen by 45% -47% more consumers choose to go overseas shopping, according to HSBC data analysis from spending of visitors from Asia, including China, accounted for 35% -60% of the sales of luxury goods in Europe. Barclays Capital analysts believe that the LVMH Group will only be raised in China outside of the sales price by 3% to make up for the loss of profits caused by about 15 percent of Chinese consumers overseas buyers.
Reported that the Replica
Louis Vuitton Handbags Group has not yet been determined to further adjust the price structure of the program, and luxury goods advisory body that, if the European price increase rate is too large, is bound to affect the local demand in Europe, but the gradual price adjustment is an inevitable trend, down China The sales price is definitely not an alternative.
