How Singles’ Day in China evolved into one of the world’s largest shopping event – Times of India

Pedestrians walk near an advertisement promoting the sales festival in Beijing. (Picture credit: AP) While the Western world is gearing up for Black Friday and Cyber Monday, China has already celebrated its biggest shopping extravaganza—Singles Day. Often overshadowing other global shopping events, Singles Day has grown from a niche celebration to a retail phenomenon, surpassing…

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LVMH investors jittery over anaemic China demand for European designer goods – ET Retail

Representative image Investors in French luxury group LVMH are eager for signs that China’s new fiscal stimulus measures can finally pull wealthy and middle-class Chinese shoppers out of their funk, inspiring them to splash out on $4,300 designer leather handbags ahead of Singles Day, China’s largest annual shopping spree. Global luxury bellwether LVMH, whose portfolio…

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