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Changes in attitudes and existence of Chinese fogeys are largely responsible for the growth of this market. Clothing & shoesWhile vogue and wonder merchandise aren't customarily considered to be high-growth markets, there are a few categories which are generic with Chinese buyers. These come with maternity clothing, baby components, and sports clothing. For example, maternity wear can appeal to the health conscious customer while baby clothes can entice households. One of the end classes is clothing, which includes both clothing and shoes. The top vogue sellers in China are mostly domestic agencies, with only 12 percent of these businesses having a market capitalization over $1 billion. These retailers include famous home brands like Adrian Cheng's Chow Tai Fook and Lao Feng Xiang. Other top sellers come with Fosun, Li-Ning, and Saturday Shoes. The recent financial recovery in China has re-opened the door to new opportunities for international brands. However, most have didn't capitalize on the opportunities as a result of they chose the wrong approach or didn't take into account the nuances of the Chinese market. While top-tier international labels are still dominant in prime destinations, local competitors are increasingly appealing to Chinese patrons with better value propositions and more cutting edge enterprise models.
20.02.2023
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