April 17, 2014-China-According to the news from Michael Kors Australia michael-kors.com.au, the famous American fashionable brands Michael Kors began to accelerate their business expansion in China. They planned to boost the number of their official stores in China for about 15 at the end of this year. And, the number of these stores will be increased to 100 within 3 to 5 years’ development.
The designer Michael Kors also announced with high profile attitude that and their largest flagship store in China will be opened and located in the center of Shanghai Jing An Kerry Centre. The precision time for the opening of this shop should be the spring of next year. His company also plans to open new series of flagship stores in Beijing, Chengdu and other major cities of China.
“China is the focus of our overall growth strategy,” said John Idol, who is the CEO of the company in the press conference in Shanghai. This CEO of Michael Kors also expressed his opinion that their company should be considered as the fastest one which open flagship store worldwide. They hope that their former successful experience could be able to let them replicate this success in China.
The editor from famous cheap Michael Kors online store www.michael-kors.com.au said that Greater China is already the world third-largest luxury goods market after position of the U.S. and Japan. With the rapidly increasing of Chinese residents’ income, RMB appreciation and promotion of consumer credit, the growth rate of China’s domestic consumer demand for luxury goods will be much higher than that in Europe, America and other developed countries.
Previously, according to domestic media reports, other luxury goods suppliers also have the same plan to open more official store in China. That is to say the America Fashion brand michael kors bags will also meet with the fierce competition in the near future.
Michael Kors is a world renowned luxury and high end clothing designer. He founded the brand of his own name in 1981 and this brand continuously absorbed his simplest style. Now, the products category of Michael Kors and its sub-brand such as MICHAEL Michael Kors includes accessories, shoes, watches for men, women clothing and many others. In December of last year, the company listed on the New York Stock Exchange.
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