Luxury Labels Ditch Steep China Discounts to Rebuild Brand Value
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Luxury labels are ending deep discounts in china as part of an effort to rebuild brand value. This move is reportedly underway, with multiple luxury labels involved. The shift away from steep discounts in china may be part of a broader change in the retail landscape, which also involves investments in fast delivery services by chinese e-commerce companies.