Can a fine jewellery brand become one of the most fitting contemporary storytellers of cultural heritage? And how should a brand rooted in Eastern culture give back to this fertile aesthetic soil?
For the full fiscal year, sales in Greater China increased by 4%. In the second half, sales rose by 8%, offsetting the decline in the first half, while the fourth quarter recorded a 10% increase supported by domestic consumption.
Excluding Japan, the DTC business recorded growth across all regions, with North America and Latin America leading with double-digit increases.
The flagship brand YOUNGOR recorded revenue of RMB 5.005 billion (USD 689 million), down 4.37% year-on-year.
Net sales of the Coach brand increased 31% year-on-year to $1.701 billion.
The Asia-Pacific market returned to a growth trajectory, with sales increasing by 1% year-on-year to €123 million.
Several overseas sports and outdoor brands have recently completed significant offline retail expansions in the Chinese market, spanning niche segments such as professional trail running, refined camping, and urban functional wear.
Is the fragrance industry cyclically peaking, or is it undergoing structural growing pains amid transformation and upgrading?
At Gucci, the level of collaboration between headquarters and regional teams has become more important than ever.
British footwear brand Clarks has returned to profitability for the first time in two years, according to accounts filed with Companies House in the UK, primarily driven by cost-cutting measures and a recovery in retail margins.