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Market Insights by Bluebell delivers up to date intelligence on the Asian retail market.
REDEFINING ONLINE MARKETPLACES IN ASIA
How is digital evolution impacting the luxury retail business, and how do the two co-exist?
This study takes a close look at the evolution of online marketplaces and examines the current retail reality through a market by market analysis. The paper presents the Asian online landscape through the Group’s own experience, its local market partners, and the major online players in the region.
ASIA LUXURY & LIFESTYLE RETAIL BAROMETER
Monitoring the resilience of lifestyle retail in Asia
A series of ongoing reports to monitor the impact of COVID-19 on lifestyle and luxury retail in Asia throughout 2020.
Market Insights works with 50 global brands across Asia, including select brands external and internal to the Bluebell Group, with the aim to promote greater sharing amongst retailers in the region.
PART 1, JAN-MAY 15, 2020
From January to 15 May 2020, the impact of COVID-19 on luxury & lifestyle retail has been staggered across Asia.
Part 2, May-June, 2020
After experiencing the highest YoY performance drop between March and April, all markets began recovering in May – with the exception of Mainland China, which began its recovery much earlier than the rest, and was already seeing positive signs of rebound in March.
By June, Taiwan was the only market with all product categories experiencing positive YoY.
In Hong Kong SAR, recovery was muted across categories, with footwear regaining the most ground on 2019 sales, although it was the most affected category in the months prior, so the numbers only represent a very slight rebound.