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: Economic Sentiment Shows First Uptick in Eight Weeks; Plus, Drugstore and Pharmacy Shopping in Focus: US Consumer Survey InsightsPersonal Financial Sentiment Hits Six-Month Low: Weekly US Consumer Sentiment, Week 48, 2025—Data GraphicThe New Coresight 100: Leading the Retail Charge in 2025Financial Confidence Reaches Five-Month High: Weekly US Consumer Sentiment, Week 26, 2025—Infographic
