Expect big holiday sales on everything but the bling | CNN Business

Expect big holiday sales on everything but the bling | CNN Business

New York CNN Business  —  Retailers have already signaled big sales are coming for the holidays — with one major, sparkly exception. Stores are looking to offload overstocks of clothes, shoes, toys, gadgets and furniture. But jewelry might evade all that deep discounting. That’s because holiday jewelry sales have been on fire over the last … Read more

A millennials love affair: China’s second-hand luxury goods market booms

photo

BEIJING: China’s love for luxury is spilling over into the once shunned second-hand goods sector, with online stores surfing a wave of pent-up demand from shoppers, led by millennials, who have been forced into belt-tightening by the coronavirus pandemic. The rapid proliferation over recent years of second-hand luxury sales online platforms have helped fuel an … Read more

Coronavirus, Hurting Jobs and Loans, Has Indians Selling the Family Gold

social

NEW DELHI—Investors across the globe are hoarding gold in the Covid-19 pandemic. In normally gold-obsessed India, there’s a glut, as struggling families stop buying and start hocking jewelry. International investors have lifted the price of gold to all-time highs this year, trying to get their hands on more gold coins, bars and exchange-traded funds. Many … Read more