COSMETICS BRANDS AND RETAILERS JOCKEY FOR POSITION IN WEAKENING CHINESE ECONOMY
December 1st, 2015
If the 2013 and 2014 were all about the rise of South Korean personal care product brands in China, then 2015 was the year that regional currency wars and weaker economic sentiment at home dictated how Chinese consumers spent on cosmetics and toiletries. The decline in the value of the Japanese yen has rebooted the popularity of Japanese brands, while more expensive currencies have dented the lure of South Korea and Hong Kong for mainland Chinese shoppers, either as tourists or purchasers of imported products. Meanwhile, the increasing sophistication of online ...
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