Armani China'S Sales Increase &Nbsp, Or Will Open Up The Two Or Three Line Market.
Italy luxury group
Giorgio Armani
Last year, global sales decreased by 6%, while sales in China surged by 32%.
The net operating income of the company fell sharply by 28% to 218 million euros, mainly affected by the recession in the US and Japan.
Nevertheless, Armani still maintains strong financial capacity.
Although faced with the economic crisis,
Luxury brand
The store continued to expand, reaching 182 stores last year, so that the company has 1503 stores.
GiorgioArmani, chairman and chief executive of Armani, believes that the company will focus on developing core products and markets, so that we can grasp the opportunities for global market recovery.
The situation in the first few months of 2010 has shown a good momentum and the company will continue to develop its core market.
He also said that the company will pay more attention in the future.
Chinese Market
Besides big cities like Beijing and Shanghai, the company will also develop second third line cities.
In 2008, the company opened 66 stores in China, and there are still 5 shops ready to open.
The company believes that there is still much room for further development in China.
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