Luggage and Leather Goods Retailing in China – Market Summary & Forecasts

Date: 2015-08

“• The luggage and leather goods retail sector is expected to generate CNY270 billion of sales in 2019, representing a CAGR of 20.20% over the forecast period

• Despite sluggish economic conditions, retail sector registers a significant growth

• A rising middle class with increased disposable income and altering lifestyles are driving retail demand and retailer’s expansion plans in tier lll and tier lV cities will drive further growth

• Online platform will be a key channel for retailing over the next five years

• The growing interest for the online purchase of luggage and leather goods will drive online spending, at a rate of 24.5% over the next five years”

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