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Jun
2014

Foshan: Consumer attitude

Thanks to its prosperous economy, the cities residents have strong purchasing power and a willingness to purchase luxury items.

‘Not only the wealthy are obsessed with luxury brands, a lot of white-collar consumers are also very crazy about them too. Some of my friends who come from a normal family with only 2,000 – 3,000 RMB income per month also wear luxury branded clothes when they go shopping.’ said Miss Li, who works in the retail industry.

There is no doubt that the city has a huge potential market for luxury goods, but consumers here would prefer to spend money out of the city at other destinations…

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