China's Luxury Resale Boom: Why Shoppers Are Turning Away From Western Brands | World

China's luxury shopping habits are changing as more consumers turn to pre-owned designer goods instead of buying new. In Shanghai, a second-hand luxury store filled with Louis Vuitton bags offers a glimpse into a growing shift in consumer behaviour. As China's economy continues to face challenges following the pandemic, shoppers are becoming more price-conscious and increasingly focused on finding better deals. Established Western luxury brands are also facing changing preferences among younger consumers, with some members of Gen Z showing greater interest in trendy Korean fashion labels. At Zhuanzhuan, a second-hand store in central Shanghai, shoppers can browse previously owned luxury items at lower prices. Consumers interviewed in Shanghai describe how attitudes towards spending, designer brands and second-hand shopping have evolved. The shift reflects several factors, including economic uncertainty, more established resale platforms and growing acceptance of pre-owned fashion. For shoppers, buying second-hand can provide access to luxury products without paying the full price of new items. 0:00 China’s Luxury Shopping Habits Are Changing 1:00 Why Shoppers Are Choosing Pre-Owned Designer Goods 2:00 The Rise of Luxury Resale Platforms #ChinaNews #LuxuryFashion #LouisVuitton #FashionTrends #ChinaEconomy #BusinessNews #WorldNews 🔴 Breaking News | World News | India News | Live Updates Welcome to Asianet News English (formerly known as Newsable) — your destination for the latest breaking news, world news, India news and trending stories in English. Stay updated with the latest flood news, natural disasters, extreme weather, election results, political developments, viral videos, accidents, rescue operations and major global events. From live news coverage to the latest developments from India and around the world, get the stories that matter, all in one place. 🔔 Subscribe to Newsable and turn on notifications for breaking news, live updates and trending vi