国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Industries

China is 'No 1' opportunity for Coach

By Xu Junqian in Shanghai (China Daily) Updated: 2014-05-15 09:52

China is 'No 1' opportunity for Coach

A Coach boutique in Shanghai, China, Dec 10, 2013. In fiscal 2013, Coach's sales on Chinese mainland, Hong Kong, Macao and Taiwan reached $430 million, a 40 percent year-on-year increase. [Photo/dfic.cn]

CEO says luxury goods seller aims to be inclusive, relevant and accessible in the country

Coach Inc was among the first luxury brands to come to China, selling its handbags and accessories.

"China is our No 1 geographical opportunity in the world," Jonathan Seliger, Coach China president and CEO, said.

The country is the world's second-largest market for luxury goods. It is Coach's third-largest market by revenue, after its home base of the US and Japan.

China is 'No 1' opportunity for Coach
 Coach profits drive up in China

China is 'No 1' opportunity for Coach
Chinese market offers better times for the rich
In fiscal 2013, Coach's sales on China's mainland, Hong Kong, Macao and Taiwan reached $430 million, a 40 percent year-on-year increase.

The company was established in a Manhattan loft in 1941, its founders inspired by the supple leather of a worn baseball glove. Today Coach has stores in over 30 countries. It is still headquartered in New York.

Coach entered the Chinese market via distributors in 1998, six years before the country joined the World Trade Organization and opened to foreign companies.

China is the world's second-largest economy.

In 2009, Coach took back its business from franchisees on the Chinese mainland. Business has increased ever since.

Coach, along with peers, such as Swarovski, Calvin Klein and Levi's, is among the top eight brands in China, according to domestic media.

Seliger spoke to China Daily in Coach's two-floor flagship store in Shanghai. Alongside, luxury brands abound.

Opposite Coach's building are the more imposing and glitzy logos of Tiffany and Louis Vuitton. Less than five minutes away, Maison Hermes erected its signature orange billboards after more than four years spent renovating a century-old compound

At end-2012, China's government banned "any form of extravagant spending".

China is 'No 1' opportunity for Coach
China is 'No 1' opportunity for Coach

Top 10 brands that win rich women's hearts 

Top 10 favorite luxury brands of Chinese women 

Previous Page 1 2 3 4 Next Page

Hot Topics

Editor's Picks
...
...
石台县| 宁阳县| 轮台县| 容城县| 长武县| 保靖县| 乾安县| 丹寨县| 莱芜市| 安新县| 涟源市| 中阳县| 陆河县| 嘉兴市| 若尔盖县| 莱阳市| 克拉玛依市| 大化| 泌阳县| 连山| 漳平市| 仲巴县| 新民市| 灵川县| 凉山| 明光市| 永福县| 静宁县| 定襄县| 洛阳市| 巫山县| 西吉县| 红桥区| 江阴市| 福建省| 汨罗市| 都江堰市| 买车| 浑源县| 铁岭市| 富裕县|