Canada Goose continued its strong performance in Greater China from the fourth quarter of fiscal year 2024, with revenue increasing by 12.3% year-on-year.

Excluding automobiles, retail sales in June saw a 3.1% year-on-year decrease, amounting to SGD 3.3 billion.

The provisional estimate of Hong Kong’s total retail sales value for June is HKD 29.9 billion.

According to statistics from Luxeplace.com, from January 2023 to July 2024, the Luxe.CO Luxury Stock Index decreased from 249.1 to 226.7, a decline of 9.0%. Contrary to many expectations, the global luxury market did not experience a resurgence.

In a more challenging macroeconomic environment, all regions continued to show strong growth momentum, except for Asia, which was impacted by the decline in foot traffic in the Greater China region.

Retail value in the Chinese Mainland declined by 18.6% year-on-year, accounting for 87.8% of the group’s retail value.

The business environment in the Chinese market remains challenging.

In the first half of the year, Hang Lung Properties’ overall rental income and tenant sales in the Chinese Mainland decreased by 3% and 13%, respectively, when measured in RMB.

Both brands under the group achieved strong growth in the DTC channels across all markets.

The UNIQLO market in the Chinese Mainland experienced significant declines in both revenue and operating profit due to several factors: a high comparison base from the previous year, low consumer willingness, and unfavorable weather conditions that affected product demand.