Shoppers from China spending less on luxury products in the US

Chinese shoppers have spent less on luxury goods in the United States this year because many stayed at home, according to analysts.

Staying at home may be a trend, say the analysts, and it concerns global luxury brands like Louis Vuitton, Burberry, Gucci, Ermenegildo Zegna, Christian Dior and Tiffany & Co because they are used to Chinese customers spending lavishly on their goods outside of China - some $90 billion last year.

In November, Tiffany & Co, the upscale US jeweler and specialty retailer, said the company's comparable sales rose just 2 percent in the most recent quarter, and it blamed sluggish spending by Chinese tourists at key US stores, including its New York flagship.