Revenue and profitability in Greater China will remain under pressure in the short term.
The theme of this exhibition at Zhangyuan in Shanghai focuses on Jaeger-LeCoultre’s birthplace: Switzerland’s Vallée de Joux.
NikeSKIMS, Sweaty Betty, Alo Yoga, Maia Active and Peak Performance are all stepping up their efforts in China’s women’s active lifestyle market.
“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%.
Sales in Asia-Pacific increased by 97% year-on-year, led by the Chinese market.
Elisa Wang pointed out that luxury brands are facing two key challenges in the Chinese market.
China is a “less readable” market and also the market where Prada has the greatest opportunity to gain market share.
Nike Greater China Strategy: Return to Growth, Advance Premiumisation, and Put Sport First
“If you move too quickly, you can destroy the brand and its stories. Believe me, there’s still significant growth potential ahead.”
