Focus On The Development Of The Chinese Market, The Future Or The Acquisition

Chen Yixi, chairman and executive director of the company, said at a press conference yesterday that after the introduction of CCC, CVC and Mousse three investors, they will continue to focus on the development of the Chinese market.

At the same time, the company will consider the introduction of international two or three line brand through cooperation or acquisition, and the sale price will be between 1500 and 3500 yuan in the mainland.

He said that negotiations are currently under way, and there will be future cooperation or cooperation.

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Li Wei, CEO and chief executive, said the company's plan is to focus on the middle and upper grade in the mainland.

In the next 5 years, there is no intention of developing the middle and low market.

He pointed out that at present, the price of high-grade women's shoes in the market is 600 to 800 yuan per pair, and the company hopes to introduce 1500 to 3500 yuan of women's shoes in succession.

First quarter of this year

The same store sales increased by 3.6% over the same period last year. The company said that the second quarter has shown signs of gradual stabilization. As the third quarter is a traditional sales slack season, sales in the fourth quarter are expected to improve.

Wu Guangze, founder partner of CCC, said that since it is more difficult to create its own brand in the mainland, if we want to expand the brand portfolio, we need to introduce or acquire the international two or three line brand.

At present, there are only 5 brands in the city.

CVC partner He Zhijie said that in addition to the expansion of the brand, the company could also increase its growth space by opening new stores.