China’s consumer market in the post-epidemic era

China’s consumer market in the post-epidemic era

The epidemic has brought unprecedented challenges to the lives of people around the world. China is the only country that has achieved positive economic growth during the epidemic. In the post-epidemic era, Chinese consumers’ needs, purchasing methods, consumption behaviours and attitudes have undergone tremendous changes. The epidemic has brought unprecedented impact to the world The epidemic is still spreading around the world. Retailers and consumer goods companies play an essential role. They not only help people fight the virus, but they are also the backbone of ensuring employment and stabilizing society. But looking at the world, the prospects of these […]

Christmas Gatherings Cancel and London Shops Close Over COVID

Christmas Gatherings Cancel and London Shops Close Over COVID

LONDON (AP) — Millions of people must cancel their Christmas get-togethers and most shops have to close in London and much of southern England, British Prime Minister Boris Johnson said Saturday as he imposed a new, stricter level of coronavirus restrictions on the region to curb rapidly spreading infections. Johnson said Saturday that the capital and large areas in southern England already placed under the highest level of the U.K. government’s three-tiered coronavirus alert system will move into a new Tier 4 that requires all non-essential shops, hairdressers and indoor leisure venues to close after the end of business hours Saturday. […]

UK Inflation Slows Down Due to Black Friday Sales

UK Inflation Slows Down Due to Black Friday Sales

LONDON (Reuters) – British inflation slowed sharply in November after clothing retailers slashed prices by the most in a decade as consumer demand remained patchy amid the coronavirus pandemic. Consumer prices rose 0.3% in annual terms, after a 0.7% increase in October, the Office for National Statistics said on Wednesday. November’s inflation is half that forecast in a Reuters poll of economists and close to the almost five-year low of 0.2% struck in August. But with investors focused on trade talks between Britain and the European Union before the Brexit transition period expires on Dec. 31, there was little reaction […]

Europe and the United States will learn China’s Double Eleven this Black Friday shopping season

Europe and the United States will learn China’s Double Eleven this Black Friday shopping season

The coronavirus has caused a sharp decline in the economies of Europe and the United States this year. In particular, the blockade caused by the pandemic has closed many stores, and the retail industry has suffered an unprecedented blow. To revive the economy and stimulate the shopping, European and American businesses have high hopes for Black Friday, the traditional year-end shopping peak in Europe and the United States. The concept of the Chinese Double Eleven shopping festival was used on a large scale by European and American merchants for the first time this year. Europe: Can’t let Americans make all […]

How Credit Cards Have Made Our Live Easier

How Credit Cards Have Made Our Live Easier

Financial advisors, charity debt, public authorities and all of them have been calling for decades to save money for Britain’s customers – with little impact. It is done overnight by the global pandemic. A mixture of financial fear and dropping expenses means that people whose income has so far survived the coronavirus are keener on saving their money than ever. People lessen their expenses, saved more money in their bank accounts and made their future secure. What do you know about Credit Cards? A credit card is kind of a smart card that allows you to use the credit limit […]

UK Luxury Industry Prepares For Coronavirus Outbreak

UK Luxury Industry Prepares For Coronavirus Outbreak

Luxury brands in the UK are preparing for a considerable decline in sales as the spread of coronavirus intensifies. The brand-new coronavirus was a severe threat to public health as the number of the confirmed case in the UK increased significantly. Flights between the UK and China continue to be waived. Chinese shoppers account for 25% of complete UK luxury spend, and now this number stagnates. The footfall influence is self-evident throughout London, and the outcome will undoubtedly be sorely felt on an international level, provided the high spend generated by Chinese consumers. No person knows how long the pandemic […]