Blog: Leonie BarrieCoach eyes China

Leonie Barrie | 21 January 2010

China is the big opportunity for Coach, where current performance is outstripping even the company's own strong expectations.

Here’s what the company’s CEO Lew Frankfort told analysts about the country where its 37 stores are seeing impressive double-digit growth.

“The Chinese consumer loves Coach. She rates us highly on all of the attributes she values such as fashion, sophistication, quality, and value and as our awareness increases her future purchase intent is holding among those who have not yet purchased Coach.

“And among existing Coach China consumers, repurchase intent is surprisingly high at 94%, a higher level than we’ve experienced in the US or Japan.”

A recent study by consulting firm Bain & Co predicts China’s luxury sales grew between 15% and 20% last year, while other figures forecast the spending power of Chinese women alone will reach US$216bn during the next decade.

The figures indicate enormous growth potential, so it's no wonder that Coach is accelerating its expansion plans as a result.

INSIGHT: China crucial to Coach growth


BLOG

How social media is forcing apparel brands to think green

Social media, since its evolution, has undoubtedly changed the world as we know it....

BLOG

TAL refocuses and rebalances before growth

By his own admission, Roger Lee, CEO at Hong Kong based apparel giant TAL Group, is an optimist. And it's a trait that has stood him – and the 70-year-old company he leads – in good stead in recent ye...

BLOG

VF Corp splitting into two companies

Last week started with news that US apparel giant VF Corp is to spin off the group's denim and outlet businesses into an independent, publicly traded company – in a move that will enable it to focus o...

BLOG

Hong Kong sustainability scoop

We led on just-style last week with a world exclusive scoop on a number of new projects being unveiled in Hong Kong next month – including the first mill being set up in the territory in more than hal...

just-style homepage



Forgot your password?