New Market Report: Luxury Accessories in Hong Kong, China
The growth rate in retail value terms slowed down in 2013. Luxury brands continued to narrow price differences between Hong Kong, China and mainland China. Prices of designer clothes and accessories used to be much lower in Hong Kong, China, but some Chinese consumers claimed that the cost of luxury accessories had reached the same level as the mainland in 2013. The smaller price differential between the two markets has started to weaken Hong Kong, China's appeal as a place...
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