More luxury brands apply significant discounts in China
E-commerce store Xiu.com which stocks Calvin Klein, Hugo Boss or Salvatore Ferragamo has been applying this Summer discounts of up to 50%, matching prices of the same goods in Europe. Flash online sales web-stores such as Glamour Sales has also been applying important discounts for brands such as Tod’s or Dolce & Gabbana. Gucci, Dior and Zegna applied last month discounts of up to 40% for select products at their mono-brand stores in China.
adapted from BusinessWeek