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Visa, Mastercard pin hopes on China reopening as travel boom fades  

Visa, Mastercard pin hopes on China reopening as travel boom fades  

Mastercard Inc and Visa Inc will rely on China reopening to give travel spending a boost, Wall Street analysts said, as the pace of growth in other parts of the world eases from a post-pandemic boom.
Lifestyle
Visa profit beats estimates on resilient consumer spending

Visa profit beats estimates on resilient consumer spending

Visa Inc's first-quarter profit beat Wall Street targets on Thursday as its payments volume held steady with Americans still spending on international travel despite an economic slowdown.
Fashion
Covent Garden launches campaign to brighten up dull winter

Covent Garden launches campaign to brighten up dull winter

Covent Garden has introduced a big splash of colour to brighten up London’s dreary winter days. The major retail area and tourist attraction has introduced a ‘Covent Garden in Colour’ campaign via artist Lois Lillian.
Luxury
Tourism: Beijing on track to become world's most powerful city destination by 2032

Tourism: Beijing on track to become world's most powerful city destination by 2032

While China has now reopened its borders after more than two years of Covid restrictions, the country is forecast to become a major tourist destination in a report from the World Travel and Tourism Council.
Fashion
Gucci to open boutique dedicated to bags, accessories in Los Angeles

Gucci to open boutique dedicated to bags, accessories in Los Angeles

After opening its first store dedicated to luggage and travel accessories in Paris on December 22, Gucci is set to open a store dedicated to bags and accessories in Los Angeles, on Melrose Place.
Luxury
For Chinese Lunar New Year tourists, retailers roll out rabbit dances, red lanterns

For Chinese Lunar New Year tourists, retailers roll out rabbit dances, red lanterns

As Chinese shoppers trickle back to tourist hotspots for Lunar New Year holidays, malls from Macau to Bangkok aim to lure them into stores with red lantern displays, special dances to mark the Year of the Rabbit.
Fashion
Burberry's muted Q3 hit by China woes, but it "over-indexed" in soft accessories

Burberry's muted Q3 hit by China woes, but it "over-indexed" in soft accessories

​Burberry’s Q3 update on Wednesday showed a slowdown in sales growth as — like luxury peer Richemont on the same day — it reported a big impact from Covid in China.
Fashion
Tourists boost Richemont's Q3, fashion is strong but Covid-hit China dents sales

Tourists boost Richemont's Q3, fashion is strong but Covid-hit China dents sales

Luxury giant Richemont reported Q3 sales up 8% on Wednesday, saying that despite ongoing Chinese weakness, tourists were returning to Europe and Japan.
Fashion
Chateau Orlando: Luke Edward Hall does optimistic fashion

Chateau Orlando: Luke Edward Hall does optimistic fashion

Leave it to Pitti to herald a fresh luxury concept, in this case Chateau Orlando; an unusual hybrid brand where fashion meets décor and design, and the brainchild of Luke Edward Hall.
Fashion
2022 review: A year to remember... or forget?

2022 review: A year to remember... or forget?

​What was 2022 all about? On the surface, a handful of issues: inflation, sustainability, technology, the post-pandemic landscape and Ukraine. But there was a lot more to it, with many key stories still developing.
Fashion
London trails Paris and Milan due to end of VAT-free shopping says Harrods boss

London trails Paris and Milan due to end of VAT-free shopping says Harrods boss

London is losing the race against Paris and Milan when it comes to attracting exclusive luxury goods and the highest-spending shoppers, the boss of Harrods has said.
Luxury
U.S. and Italy require COVID-19 tests for travelers from China

U.S. and Italy require COVID-19 tests for travelers from China

The move is likely to affect people traveling for the Lunar New Year holiday, with Chinese shoppers a key source of revenue for European and American stores pre-pandemic.
Fashion
Japan retail sales up for 9th month led by tourism help

Japan retail sales up for 9th month led by tourism help

​Japanese retail sales rose for a ninth straight month in November, data showed on Tuesday, as the lifting of COVID-19 border controls and the government’s domestic travel subsidy helped consumer demand.
Fashion
Chanel: Glitz and the 70s as travelling fashion show arrives in Africa

Chanel: Glitz and the 70s as travelling fashion show arrives in Africa

Glitz and 1970s cuts were centre-stage this week when Chanel brought a special show to Senegal that places the spotlight on the work of its craftspeople.
Luxury
Few Chinese keen to travel abroad soon, even if  Covid curbs ease

Few Chinese keen to travel abroad soon, even if Covid curbs ease

More than half of Chinese say they will put off travel abroad, for periods from several months to more than a year, even if borders re-opened tomorrow, a sign that consumer recovery from Covid-19 measures will take time.
Lifestyle
Gen Z is fastest growing group of tax-free shoppers - Planet report

Gen Z is fastest growing group of tax-free shoppers - Planet report

​Tax-free shopping among Gen Z consumers is growing faster than for any other age group, new research from software and payments specialist Planet shows.
Fashion