Find in the news:
BY COUNTRY

Luxury brands enjoy great success in China



As the world's largest department store, Beijing's SKP has surpassed Harrods in sales and ranked first in revenue.
Louis Vuitton Depositphotos

Despite restrictions and consumers switching to online channels, luxury brands continue to grow aggressively in the Chinese market. Affluent Chinese consumers, who had previously shopped in Italy and France, are now forced to shop within the country, which makes the market more attractive to international brands. 

Prices for luxury goods in the Celestial Empire are traditionally higher than abroad. Still, in a pandemic, consumers are willing to overpay and spend tens of thousands of dollars on products from luxury fashion houses. 

The leaders in luxury goods sales are the SKP department store in Beijing with an annual turnover of $3.73 billion, Guanggu World City in Wuhan ($20.8 billion), and Beijing China World Mall ($20.2 billion). Most of the most popular malls are also located in Shanghai, Hangzhou, Nanjing, and Shenzhen. 

According to experts, Beijing's SKP in 2021 surpassed Harrods in sales and took first place globally in terms of revenues among department stores. The store also ranks first in the world in revenue per square meter of selling space. Attendance at the mall grew by 15% to 15 million people a year. 

International luxury brands tend to open their stores in the largest shopping centers in China. Thus, SKP has accounted for 38% of global brand premieres in recent years. The department store brings together luxury mono stores of the top brands and dozens of fashion designers. Experts note that leading fashion houses also provide customized products and exclusive offers specifically for customers of China's leading shopping malls. 

More about shopping malls in China



TODAY, South Korea:
Hyundai Seoul got a central atrium with a 12-meter waterfall and natural lighting.
May 12, 2022, Malaysia:
The complex is home to more than 200 tenants selling authentic local goods.
Apr 29, 2022, Europe, Europe:
The store sells streetwear created in collaboration with designers such as Soho Grit, Alma de Ace, BAPE, Herschel, and Staple.
Apr 28, 2022, USA:
Nike and RTFKT have announced a new collection of Nike Dunk Genesis Cryptokicks sneakers.
Apr 27, 2022, USA:
Meta Store has the intention of demonstrating the possibilities of virtual reality devices, as well as dispelling the mystery around the concept of the math universe.
Apr 22, 2022, Brazil:
BR Malls Participacoes and Aliance Sonae Shopping Centers may merge to form Brazil's largest mall operator.
Friend
and Follow
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us