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China is “Must-Win Territory” for Global Luxury Retailers, Study Says

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Luxury department stores will thrive in Asia and the Middle East over the next five years, led by gains in China. In a report titled “The Future of the Luxury Department Store,”commissioned by luxury retail architecture firm Sybarite in cooperation with GlobalData, forecasts for the department store sector in China point to 97.3 percent growth between…

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