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Monday, May 7, 2012

Vanitytours.com - Articles: New York City luxury retailers are welcoming Chinese tourists

Vanitytours.com - Articles: New York City luxury retailers are welcoming Chinese tourists

Chinese High-End Tourist/Shoppers
They were not celebrities. They were not government officials. They were Chinese tourists with a lot of money.
Though luxury brands started opening stores in Beijing and Shanghai years ago, Chinese shoppers still spend more on luxury products abroad than they do at home, according to the consulting firm Frost & Sullivan. Price is the major reason: Because of China’s taxes, luxury products are about a third cheaper in the United States and elsewhere.
European luxury stores have been catering to Chinese tourists for years. Now high-end retailers in the United States are pulling out their Mandarin phrase books and trying to convince Chinese visitors that Americans can do luxury, too.

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