Between high jewelry and fast fashion lies a vast marke […]
Chinese consumers are shifting from “product consumption” to “experiential consumption,” with a growing willingness to spend domestically.
In the first half of the fiscal year, Chow Tai Fook Group’s revenue edged down 1.1% year-on-year to HKD 38.986 billion [USD 5.00 billion].
Adidas is to strengthen its €80–100 product line in the Chinese Market.
High-end consumption in China remains resilient, but middle-class and entry-level spending have yet to recover.
Arc’teryx’s sales trend in China was indeed somewhat sluggish at the beginning of the fourth quarter, but as the weather turned colder, sales have rebounded.
ACG, Norrøna, Rapha, CRISPI, and Smartwool Open Their First Stores in the Chinese Mainland.
Group CFO, “Despite mixed overall consumer sentiment in China, the brand’s performance in the market remains solid.”
Sales in Asia excluding Japan rose 26.2% year-on-year to JPY 40.931 billion (approx. USD 270.5 million), with both the Chinese Mainland and Taiwan markets showing growth.
Nicolas Bos pointed out that growth in the Chinese market was indeed driven by improved performance in Hong Kong and Macao, including both tourist and local customers.