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Rather than open more shops, brands are expanding online in China and considering partnerships with Chinese e-commerce giants like Alibaba (BABA.N) and JD.com (JD.O) to reach potential consumers in far-flung cities where to buy cufflinks uk sale. In China and beyond, the dominance of ever-younger consumers is pushing labels to invest in social media marketing or churn out collections more often to cater to the smartphone generation who are used to shopping differently. Millenials, or those now roughly aged between 22 and 37, and the “Gen Z” generation right behind them, were the exclusive drivers of global sales growth in 2018, Bain said..

From around a third of the market now, those younger shoppers are forecast to account for some 55 percent of revenues by 2025. The shifting age profile of luxury buyers is also reflected in sliding footfall in department stores, one sales channel that lost ground in 2018, while online shopping picked up where to buy cufflinks uk sale. In China, luxury sales at constant currencies are on course to grow 20 percent in 2018 from 2017, but momentum has been weaker in Europe and the United States, where luxury goods sales are forecast to expand 3 percent and 5 percent respectively..

VIENNA (Reuters) – Austria’s AMS (AMS.S), which makes facial recognition technology, became the latest Apple supplier to cut its revenue forecast, adding to growing evidence that the latest iPhones are not selling well. The Swiss-listed group cut its fourth-quarter revenue outlook by 15 percent and pushed back its medium-term targets, blaming “recent demand changes from a major customer”. AMS, which specializes in sensors, did not name Apple as the customer, but analysts estimate that the U.S. giant accounts for 40 percent of the Austrian group’s sales where to buy cufflinks uk sale.

Apple (AAPL.O) shocked investors two weeks ago with a lower than expected sales forecast for the Christmas quarter, prompting suppliers including U.S. firm Lumentum (LITE.O), British chipmaker IQE (IQE.L) and screen maker Japan Display (6740.T) to issue warnings that pointed to weakness in new iPhone sales. Like Lumentum, AMS supplies Apple with software components needed for its FaceID technology. Anglo-German chip designer Dialog Semiconductor (DLGS.DE), which struck a $600 million deal with the U.S where to buy cufflinks uk sale. tech giant last month bucked the negative trend when it said late on Wednesday it does not see a drop in demand from Apple..

Dialog justified this by pointing out that it supplies many more products than the latest iPhones. For the past year, investors had largely been willing to overlook stagnating unit sales of the iPhone because average selling prices kept rising. But Apple now faces fierce competition from mid-priced phones from makers such as Xiaomi Corp (1810.HK). The California-based firm started selling its latest phone generation, the iPhone XS and XS Max in September and the XR model last month. The new AMS guidance suggested between 11 and 18 million fewer iPhones would be produced in the fourth quarter than an initially estimated 77-82 million, Credit Suisse analysts said in a note to customers where to buy cufflinks uk sale.