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Coronavirus Briefing: Assessing the Impact on the Global Luxury Market

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Coresight Research

What's Inside

With 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.

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