Currently, the Chinese market accounts for approximately 13% of total revenue, and the Group expects this share to gradually increase.

Nike’s management candidly acknowledged that the Chinese market is facing “structural challenges,” and that its recovery will follow a “different timeline.”

“We remain confident in the long-term opportunity in China, particularly in footwear and apparel for running, training, basketball, and football.”

“In 2025, China will be a primary focus for new store expansion in our international markets.”

In the first half of 2025, Sephora’s Beijing and Shanghai entities posted a combined net loss of RMB 120 million [approx. USD 16.5 million].

Adjusted EBITDA loss widened to €52 million (approximately USD 56.5 million).

James Zheng stated: “A high-quality retail network is far more important for long-term success than pursuing rapid expansion.”

The core drivers behind Anta Group’s high-quality growth stem from increasingly refined performance across three dimensions: multi-brand synergy, retail operations, and globalization.

On August 15, Danish jewelry brand Pandora released its […]

Since publicly available records began in the first quarter of 2023, Amer Sports has consistently recorded revenue growth of over 40% in the Chinese Mainland.