While China’s exports grew significantly for years, many Western apparel firms are opening retail locations in China, hoping to tap into the country’s growing upper and middle class. Highly regarded foreign brands, luxury items and logos are very much in demand from newly affluent Chinese consumers.
Hennes & Mauritz AB, which owns the H&M chain of clothing stores, had 353 stores in China as of November 2015. Coach, Inc. has added large numbers of stores in China. Nike is a major presence in the Chinese retail market also. Towering multi-story ads featuring American NBA athletes are prominently displayed in downtown Shanghai and Beijing. Gap, Inc. opened its first Chinese store in late 2010. Many major apparel retailers look upon China as an important long-term market. In particular, luxury fashion and accessories firms have been enjoying brisk sales in both mainland China and Hong Kong, and many chains have been expanding there rapidly. Vast new malls have been opening in China on a regular basis, giving apparel store operators plenty of opportunities to create new stores. Many of these malls are within walking distance of new luxury hotels and major office complexes.
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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
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