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China Insight: How Chinese New Year Signaled the Trends in Luxury Consumption
Yahoo Finance· 2026-03-02 10:00
China’s high-end retail market delivered a bifurcated performance during the 2026 Chinese New Year (Year of the Horse), underscoring both pent-up demand and an increasingly nuanced consumer mindset. The extended nine-day Spring Festival holiday injected fresh momentum into fashion and luxury retail. In Beijing, Lao Pu Gold’s counter at SKP reportedly drew queues stretching up to seven hours on the eve of the holiday, with some consumers camping out overnight to secure limited-edition zodiac pieces. In Nan ...