High-end consumption in China remains resilient, but middle-class and entry-level spending have yet to recover.
Arc’teryx’s sales trend in China was indeed somewhat sluggish at the beginning of the fourth quarter, but as the weather turned colder, sales have rebounded.
ACG, Norrøna, Rapha, CRISPI, and Smartwool Open Their First Stores in the Chinese Mainland.
Gucci Italian luxury brand Gucci, under French conglome […]
Group CFO, “Despite mixed overall consumer sentiment in China, the brand’s performance in the market remains solid.”
Sales in Asia excluding Japan rose 26.2% year-on-year to JPY 40.931 billion (approx. USD 270.5 million), with both the Chinese Mainland and Taiwan markets showing growth.
Nicolas Bos pointed out that growth in the Chinese market was indeed driven by improved performance in Hong Kong and Macao, including both tourist and local customers.
Hermès French luxury brand Hermès has appointed Anne-Sa […]
Louis Vuitton French luxury brand Louis Vuitton has ann […]
Ralph Lauren’s second-quarter results exceeded expectations across all regions, channels, and consumer segments.