Competition heats up in outlet industry for recognized brands
By Yao Jing | China Daily | Updated: 2013-08-05 07:18
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Florentia Village Jingjin Designer Outlets in Tianjin has announced a slew of plans to further expand its presence in China. Provided to China Daily |
Although recent government austerity measures have dampened the expansion plans of several foreign luxury brands in China, it has not led to a decline in the demand for such products. Lower prices for the recognized brands are proving to be an irresistible draw for Chinese shoppers.
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