Business Intelligence on Retailing, Franchising, and Consumerism in China


Swatch To Open 15 Retail Stores In Hong Kong In 2009

Swiss-based watch giant Swatch Group has announced plans to open about 15 retail stores in Hong Kong in 2009, showing the group's confidence in China's luxury market regardless of the current economic slowdown.

The newly opened stores in Hong Kong will be directly operated by the Swatch Group.

Nearly 80% of Swatch's sales in Hong Kong are from visitors from Chinese mainland. Although the market in 2009 was not as prosperous as that of 2008, the Chinese mainland consumers still had spare disposable income.

In addition, a company representative revealed that the group would invest CNY300 million to open a new flagship store on the Shanghai Bund.






Be the first to comment on "Swatch To Open 15 Retail Stores In Hong Kong In 2009"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco