“Regarding China, allow me to quote myself.” […]
Three research firms contacted by Bloomberg said that in July, sales at 25 major luxury brands in China fell by more than 10%.
Luxe.CO was invited to attend brand events and new product launches hosted by outdoor brand KAILAS, audio brand Marshall, sportswear brand LI-NING and apparel brand UNIQLO in Chengdu and Beijing.
Revenue in Asia reached $589 million this quarter, up 24% year-on-year.
Tapestry reported full-year revenue of $8.0 billion for fiscal 2026 ended June 27, up 14% year-on-year.
Sales through new retail channels increased 39.0% year-on-year, outpacing the Group’s overall growth.
Sales in Asia-Pacific increased by 97% year-on-year, led by the Chinese market.
Pandora expects store closures in China to have a limited impact on organic growth.
Elisa Wang pointed out that luxury brands are facing two key challenges in the Chinese market.
Brooks said that, following its best-ever first-quarter performance, it also delivered record results in the second quarter.
