The First Decline In Sales In China Has Been Denied By Cartire.

< p > < < a href= > //www.sjfzxm.com/news/index_c.asp > > Cartire > > /a > more than 200 stores in China. Its response to relevant media said that as of December 31, 2013, Cartire had 84 stores in China, including 36 boutiques and 48 authorized retail outlets. The first half year report of the 2013/2014 financial year released by Cartire parent company has revealed that sales in mainland China have dropped for the first time. < /p >
< p > Cartire also responded by saying that the reports on the 10 shops closed by Cartire Cartire in China were also misread: "misused the number of Cartire's global stores in the 2012 earnings report of the peak group in the Chinese market". However, no specific response has been made to the 10 regions in China. < /p >
< p > and relevant media searched Cartire official website to find out its data in more than 150 boutiques in 48 cities. The explanation given by Cartire is that more than 150 brands not only include direct flagship stores, authorized agents, but also some cooperative counters. < /p >
"P" > a href= "//www.sjfzxm.com/news/index_c.asp" > "peak group" < /a > owns many famous brands such as Vacheron Constantin, MontBlanc and many other brands. Cartire is the biggest brand among them. Data show that Cartire brand once accounted for about half of its sales, accounting for 2/3 of its total operating profit. < /p >
< p >, according to the first half year report of the 2013/2014 financial year (from April 1, 2013 to September 30th) released by the peak group, the sales in the first half of September 30, 2013 increased by 4.3% compared with the same period last year, and sales in the Asia Pacific region increased by only 1% compared with the same period last year, while the two data in 2012 were 21% and 12% respectively. < /p >
< p > Asia Pacific (excluding Japan) currently accounts for 40% of the group's total revenue, while the first half of 2012 reported that the figure was 41%. < /p >
In the P earnings report, "the decline in sales in mainland China has offset the good growth of Hongkong and Macao, showing that Chinese consumers have become cautious after several years of expansion." It is understood that this is the first decline in the regional financial reports of the mainland of China. < /p >
< p > signs began to appear in 2012. The first 9 months of the 2012 fiscal year announced that the whole group has slowed down in all other regions except in the United States. < /p >
< p > according to the market research of China's < a href= "//www.sjfzxm.com/news/index_c.asp" > luxuries < /a > released by Bain recently, the growth rate of the luxury market in mainland China in 2013 has further slowed down, with an annual growth rate of about 2% and a total consumption of 116 billion US dollars in 2013. In 2012, the figure was 7%, which was 30% in 2011. From 2008 to 2012, the annual compound growth rate of domestic luxury consumption reached an astonishing 27%. Bain expects this slow growth trend to continue until 2014. < /p >
Compared with the "downturn" in the Chinese market, sales in Europe and the Middle East continued to benefit from tourist consumption, an increase of 8%, while sales in the Americas and Japan respectively increased by 18% and 17%, while the real exchange rate increased by 12% and 8% respectively, of which P was mainly driven by jewelry sales while Japan benefited from strong domestic consumption. < /p >
P has been rumored that the Richemont group has recently sold some of its poor brands. What's interesting is that while announcing its earnings, it also announced that it decided not to sell any of its businesses, including the assets of its soft luxury sector, such as Chlo, Richemont, ShanghaiTang Shanghai and AlfredDunhill luxury brands. < /p >
< p > Zhou Ting, President of the Institute of wealth and quality, told sina finance that for luxury magnates, this is the best time to sell brands. "With the advent of the era of big logistics and big data, consumers are paying more and more attention to cost-effective brands, which will become increasingly worthless." < /p >
< p > research shows that consumers are paying more and more attention to cost performance, "including rich people. Because information is more and more transparent, consumers begin to rely on their knowledge to choose products instead of brands, and tend to buy better services and better products at reasonable prices. This change is disruptive to the development of the industry." < /p >
< p > Zhou Ting also suggested that Chinese enterprises who are going to sea to buy and buy will not be able to purchase the brand, but it can be considered for improving their brand management ability and absorbing professional talents. "Multinational giants are considering selling their own brands, and they also take frequent acquisitions of production capacity, sales channels and customer resources, which is conducive to reducing costs and controlling industrial chains." < /p >