Forget the China gloom — luxury bosses say shoppers are back [CNBC]
ESSILOR LXTTCA UNSP/ADR (ESLOY)
NASDAQ:AMEX Investor Relations:
essilor.com/en/investors
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Source: CNBC
UBS data shows early signs of improvement, though spending by Chinese tourists overseas remains subdued. Analysts caution the recovery is uneven amid weak consumer confidence, property strain and rising local competition. People walk past a Prada storefront located in a modern shopping complex on January 26, 2025, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Chinese shoppers are returning to luxury. Top executives from Prada, Coach, EssilorLuxottica and Value Retail told CNBC they're seeing demand in China stabilize after months of weakness, even as the broader luxury sector continues to report softer spending among Chinese consumers at home and overseas. China was on track to become the world's largest luxury market during the coronavirus pandemic, but the sector has slowed sharply since then. High youth unemployment a prolonged property downturn and weaker household confidence have weighed on discretionary purchases, particularly among middle-income s
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