Customers wait outside the Gucci Store at Hangzhou Tower Shopping City to enjoy Gucci's 50% discount in Hangzhou city, East China's Zhejiang province, May 27, 2015. [Photo/CFP] |
Gucci's big sale comes after China announced a cut on the consumer goods import tax on May 25. And another luxury brand, Chanel, slashed its prices by 20 percent in March.