Luxury Retail Abandons China

SCMP: Just why are Louis Vuitton and other high-end retailers abandoning China?

Following ten years’ aggressive expansion in China, they have been shrinking their physical presence in the nation to adapt to a cooling market plagued by a slowing economy, an ongoing anti-corruption campaign and Chinese buyers’ increasing overseas purchases.

...A study by the institute found that although Chinese shoppers consumed 46 per cent of luxury goods around the world, their purchases in their home market accounted for only 10 per cent of global sales, falling from 11 per cent in 2012 and 13 per cent in 2013.

iFeng: 港媒评奢侈品大牌在华关店潮：曾把中国当印钞机