Flash ReportCoronavirus Briefing: Assessing the Impact on the Global Luxury Market Coresight Research February 12, 2020 Reasons to ReadWith the ongoing coronavirus outbreak showing no signs (yet) of slowing, Chinese outbound tourism has evaporated. The Chinese government has placed its own restrictions, as have others barring entry from China. This is how global luxury has responded: Most have closed stores in China Most have experienced a drop in overall business All rely on Chinese consumers—especially tourists—for meaningful portions of their revenues This report looks at the impact on luxury, and how brands and retailers are responding. Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak in China. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Who Shops Where? 2025 Shopper Demographics: US Consumer Survey Insights ExtraPutting the “AI” in “Airlines”: Insights from CES 2025Weekly US Store Openings and Closures Tracker 2025, Week 21: US Store Closure Cross 5,000 as Rite Aid Begins Closing StoresWeekly US Store Openings and Closures Tracker 2025, Week 37: YTD Retail Bankruptcies Hit 25
