Sales in China for the quarter grew over 20% year-over-year, exceeding management’s expectations and making it the fastest-growing market in Asia.

Lululemon is expected to open approximately 55 new stores globally in the 2023 fiscal year, with the majority of them planned for China.

Although the travel expenditures of mainland Chinese tourists continue to rise, they remain below the pre-pandemic levels.

In the first half of the 2023/2024 fiscal year, Snow Flying, a subsidiary of Bosideng, saw its revenue soar by 52.2% year-on-year, leading the way among the Bosideng Group.

Yatsen Global’s Third Quarter Net Revenue Meets Expectations, Stock Price Soars by 12%.

The demand in the Chinese luxury goods market is recovering, but the pace of recovery may not be as fast as anticipated.

During the second quarter’s golden period, the Asian market also performed well.

In the first quarter, adjusted diluted earnings per share increased by 18% year-on-year to $0.93, surpassing analysts’ expectations of $0.90.

Compared to the same period in 2021, sales in the Chinese market for the first nine months still achieved double-digit growth.

Overall, the Chinese market, Jewelry Division, and both retail and online retail collectively contributed 74% to the group’s sales revenue.