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BerichtGeplaatst: 29-06-2019 04:26:18    Onderwerp: Official lingerie sales data in Reageren met citaat
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Revealing underwear, skimpy profits


Chinese mainland's lingerie market is in the midst of consolidation. On one hand Nike Air Presto SE Woven Nere Italia , growing demand for lingerie, especially in the high-end market, has been drawing big international brands to the mainland. On the other hand, the lower-end market has been saturated with domestic products and brands, few of which stand out. The resulting fierce competition has left domestic lingerie companies with falling profits Uomo Nike Air Presto Nere Italia , though some are finding ways to set themselves apart.


Employees work at a lingerie factory in Dongguan, South China's Guangdong Province, in March 2016. Photo: CFP

Graphics: GT Graphics: GT

A woman surnamed Zhuang, a 29-year-old white-collar worker, snuck away from the office on her lunch break Monday to spend about two hours shopping at the newly opened Victoria's Secret (VS) flagship store on Huaihai Road in Shanghai.


Zhuang found the store impressive. Inside the four-storey Donna Nike Air Presto BR Rosa Italia , 2,404-square-meter space, which opened on March 8, 2017 to mark the International Women's Day, bouquets of flowers sat among thousands of pieces of lingerie Off-White x Nike Vapormax Nere Bianche Italia , and the scent of perfume hung in the air. On the walls, LED screens showed videos of VS models strutting fashion show runways.


Zhuang, who did not want to give her full name, ended up buying two sets of lingerie for about 1,500 yuan ($216.86).


It is unclear how well the VS brand is doing in China. When contacted by the Global Times Off-White x Nike Air Vapormax Bianche Nere Italia , the company would not disclose its sales figures for the domestic market.


Worldwide, its sales rose to $7.78 billion in 2016, up from $7.67 billion in 2015, according to the company.


VS has two flagship stores in the Chinese mainland, one in Shanghai and one in Chengdu Off-White x Nike Air Vapormax Nere Italia , capital of Southwest China's Sichuan Province, as well as 26 stores selling accessories and makeup.


Other foreign lingerie brands are also vying for a piece of the growing Chinese domestic market. The Italian high-end brand La Perla, for example, has opened nine stores on the mainland since it entered the market in 2007.


Foreign lingerie brands are coming to China just as the country's lingerie market, particularly the high-end market Uomo Off-White x Air Jordan 1 The Ten Bianche Nere Italia , is taking off, said Cai Sujian, head of the Jiangsu-based China Luxury Institute.


But Cai stressed that overseas brands such as VS are not going to fundamentally alter the makeup of the domestic lingerie market, which remains dominated by low-end Chinese brands.


"A price war is eroding the domestic lingerie market, and the industry is undergoing a transition Uomo Off-White x fragment design x Nike Air Jordan 1 Nere Blu Italia ," he told the Global Times on Monday.


The rise of high-end

As Chinese women shed the stereotype of being conservative and reserved, the demand for lingerie has skyrocketed in recent years.


The country's underwear market grew from $15.5 billion in 2010 to $25.5 billion in 2015, while sales of lingerie nearly doubled from $9 billion to $17.9 billion, according to a businessoffashion report in May 2016.


Official lingerie sales data in China in 2016 had not been disclosed.


Consumers interviewed by the Global Times also said they were willing to spend more on lingerie. The aforementioned consumer Zhuang, for example Off-White x Nike Air Presto Virgil Abloh Nere Italia , said that in 2016 she spent about 300 yuan a month on average on lingerie, which accounted for about 4 percent of her monthly income, but five years ago she bought new lingerie . wholesale air max womens cheap air jordan shoes Cheap Nike Shoes China Cheap Jordan 4 cheap authentic nike shoes wholesale Nike Air Max Shoes Wholesale Wholesale Nike Running Shoes Cheap Air Max 270 Flyknit Cheap Air Max 95 Online Cheap Nike Air Max 90 Infrared
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