The rise of Daigou trading remains a concern for luxury brands. The luxury market in China saw an 18 to 20% decline in 2024, returning to 2020 levels, according to Bain & Company’s China Luxury Report ...
During the holiday season, Walmart launched its own $80 version of the Birkin, which quickly gained popularity and was dubbed the Wirkin. Birkin bags are widely regarded as symbols of status and ...