Business Intelligence on Retailing, Franchising, and Consumerism in China


Calvin Klein To Focus On Chinese Market In 2010

American fashion brand Calvin Klein has announced plans to open 60 new chain stores in Asia in 2010, mainly targeting its expansion in the Chinese market.

According to reports from Singapore's Channel News Asia, Calvin Klein's current revenues from the Asian areas account for 15% of its income worldwide.

Tom Murry, the president of Calvin Klein, said that the company saw the Asian region growing about 10% in 2009 and China was the biggest growth area. By the end of January 2010, which was also the end of the company's fiscal year, Calvin Klein's growth rate in the Chinese market had reached about 30%.

China is expected to contribute about 70% of Calvin Klein's growth in Asia in 2010. The marketplace currently accounts for about USD1 billion of Calvin Klein's overall global sales of USD6 billion and the proportion continues to grow.

Calvin Klein plans to open about 60 new independent stores in Asia, adding to over 300 existing specialty stores in the region.






Be the first to comment on "Calvin Klein To Focus On Chinese Market In 2010"

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Your email address will not be published.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