Despite Uniqlo’s total store count in China surpassing 1000, ranking first globally, its sales still fall short of the domestic market in Japan.

Allbirds co-founder Joey Zwillinger will retain his position on the board and serve as a special advisor to the company.

There’s been a couple of shifts. Read more to find out!

2024 will be a decisive year for the travel retail market.

“The growth rate of the prestige fragrance market indeed exceeds that of the high-end fragrance market. Luxury brands are doubling down on this category.”

In her new position, Liliana Lucioni will be responsible for COACH’s long-term strategic and business growth plans in China.

According to the agreement, the joint venture will be founded in April this year in Changshu City, Jiangsu Province, with Goldwin holding a 65% share and SGAR holding 35%.

Louis Vuitton’s new flagship store in Bangkok is named Louis Vuitton The Place Bangkok. It is a brand-new concept store and marks the sixth Louis Vuitton store in Thailand. With the opening of this store, Thailand has become the country with the most Louis Vuitton stores in Southeast Asia.

In the Chinese market, the Coach brand currently occupies a unique niche that is distinct from traditional European luxury brands, and this gap is unprecedentedly large.

In 2023, Longchamp also renovated its online store. The brand’s online sales increased by 56% in 2023.