It's like holding a thread through the cycle in your hand. At the turning point of economic ups and downs you can always sew the key stitch just right. Uniqlo’s business in China has turned a new leaf At the beginning of the st century a fast fashion trend from Europe the United States Japan and South Korea quickly swept across China. Brands such as Zara HM Gap and Uniqlo became the new favorites of the Chinese fashion scene. Times have changed and the script on the stage has been changed. How can product managers do a good job in Bend digitalization? All walks of life have jumped on the bandwagon of digital transformation achieving rapid industry development.
Since Bend products are products that provide services to enterprises how sh Armenia WhatsApp Number ould enterprises take advantage of digitalization? View details> On the stage all the once dazzling protagonists left the stage one after another PullBear and Stradivarus have completely withdrawn from the Chinese market HM is deeply involved in the store closing trend including its first store in mainland China located on Huaihai Middle Road Shanghai which has been open for years Gap sold its Greater China business in tears for no more than US million and exited the Chinese market.
Under the spotlight Uniqlo has become the only protagonistin fiscal year Uniqlo's sales in Greater China increased by yearonyear and operating profit increased by yearonyear. Uniqlo mentioned in its performance report that although sales in Greater China were sluggish due to the COVID epidemic in the first half of its performance in the second half of the year rebounded beyond expectations and its fullyear performance hit a record high. At the same time Uniqlo also announced its future business plan Uniqlo plans to open to new stores in China every year more than half of which are located in third and fourthtier cities. This has become a sign that Uniqlo has opened up the sinking market.