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



DAY BEFORE YESTERDAY, France:
The new campaign used AR to present world-famous landmarks adorned with the artist's famous dots.
DAY BEFORE YESTERDAY, Italy:
Studio Piuarch implemented the project in collaboration with the architect Antonio Perazzi.
Jan 26, 2023, Malaysia:
Launching the flagship Apple Store format will allow the company to strengthen its position in the Southeast Asian market.
Jan 26, 2023, Switzerland:
Italian brand Moncler opens a unique store on the ski resort of Crans-Monana.
Jan 25, 2023, USA:
The retailer expects these raises will bring the average hourly wage to more than $17.50.
Jan 25, 2023, USA:
The retail space in the Fairfax shopping district will preview the singer's Super Bowl performance.
Friend
and Follow
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet


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