The the high tech sector are almost exclusively the domain of China and Asian markets smartphones PCs and chips of all kinds. Apple closes many of its stores in China and declares that it will have to revise its turnover forecasts downwards Tesla speaks of a concrete risk for its business and the eCommerce giant Amazon multiplies its inventories to avoid the risk of having to stop the activity. In addition to all this the worlds largest companies are limiting the travel of their employees to China and the most affect countries. Covid is already having a significant impact on the world economy affecting the
Largest companies and with a global market to defend
New eras unto merloyalty Coronavirus the impact on the luxury market and tourism But the Chinese market is not only important from the Taiwan WhatsApp Number Data point of view of production and export but also from that of sales. The Chinese are an important point of reference for the Western luxury sector. as of entire global sales in this sector. Ralph Lauren has clos half of its stores in China Burberry has clos Under Armor estimates a loss in sales of million. A hard blow for exports from the Unit States but also from Italy.
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China especially the big fashion and luxury brands. Theres more the Chinese in addition to appreciating American and Italian brands love to Mexico Telegram Number travel a lot. For this reason retailers around the world are experiencing a sharp slowdown in sales due to the lack of profits brought in by Chinese tourism . But the sharp slowdown in tourism in Italy is felt in particular and not only due to the collapse in arrivals from China. According to Al Jazeera and Ferturismo which is calling for extraordinary measures for the sector in March we are at of bookings cancel.