Shenzhen, one of China’s most developed cities, is known for its high-intensity, fast-paced lifestyle, which has spurred a strong need among its residents to relieve stress through “consumption.” The city is densely populated with high-income individuals, which not only favors fashion luxury goods but also makes high-end experiential consumption and social activities particularly popular there.

As part of the transformation plan, Canada Goose also announced a redesign of its global company workforce, reducing about 17% of positions.

Canada Goose experienced strong growth in the mainland Chinese market last quarter, with foot traffic in its standalone stores doubling compared to the same period last year.

In this article, Luxeplace.com delves into the upgrading path the down industry has been taking by examining the recently opened flagship stores of six domestic and international feather clothing brands in the Chinese market.

Former European executive of the American internet giant Meta becomes the Chief Digital Officer of Coty Group; Nike veteran returns to take on the role of Chief Design Officer for the Jordan brand…

Max Mara, Bottega Veneta, Versace, Valentino, and other luxury brands are currently undergoing construction in the north area of Sanlitun Taikoo Li.

Today, Canada Goose has the largest network of direct-operated stores globally in China, with nearly 30 stores.

In the Asia-Pacific market, revenue saw a remarkable 13% year-on-year growth, outperforming all other markets.

From August 16, 2023, to August 31, 2023, the Luxe.CO Biweekly Ranking has compiled a total of 36 updates from 29 luxury brands in the Chinese market, including 8 marketing updates, 14 store expansion updates, 12 pop-up store opening updates, and 2 endorsement updates.

From January to August this year, a total of 18 luxury brands have upgraded 21 stores in Beijing, including both new stores and renovated old ones.