In the Greater China region, the Arc’Teryx self-operated retail stores boast a per-square-meter efficiency of over $2,000, which is twice that of North America!
In the last fiscal quarter, sales contributed by Chinese consumers (both domestically and overseas) increased by 42% year-over-year.
Rolls-Royce stated that in 2023, the order value and quantity of bespoke commissions reached record levels.
Benefiting from a 25% year-over-year increase in sales in Mainland China, Hong Kong, and Macau, the Asia-Pacific market recorded a 13% growth in sales.
Peacebird implemented strict controls on retail discounts for merchandise and accelerated the closure of low-performing stores in 2023.
In the fourth quarter, revenue reached 16.739 billion yuan, representing a year-on-year growth of 11.09%.
Brunello Cucinelli anticipates a healthy growth of approximately 10% in revenue for the fiscal year 2024, along with a very commendable profit margin and profits.
In the fiscal year 2023, business in mainland China regained vitality; however, Chinese consumers have become more discerning when it comes to products and prices.
Before the outbreak of the pandemic, Chinese travelers accounted for 4% of passengers at Dubai International Airport but contributed to 17% of the sales revenue in Dubai Duty Free.
In the fourth quarter of 2023, Xtep retail sales saw a year-on-year growth of over 30%, with retail discounts at approximately 30%.