Australian Luxury Goods Will Be Sold At 2 Billion 400 Million Yuan Before 2019 To 2020 Fiscal Year.

According to reports, the Australian luxury retail industry will achieve 2 billion 400 million yuan sales in the 2019 to 2020 fiscal year.

The Luxury Retailing industry realized 908 million 700 thousand yuan in the 2009 to 2010 fiscal year, and is expected to achieve 9.8% growth in the 2014 to 2015 fiscal year with a total revenue of 1 billion 600 million yuan.

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The report of the luxury retail industry said that the relatively stable economy in Australia has given residents a more abundant disposable income, so the level of luxury consumption is relatively high.

Because Australia

Favorable conditions, many brands are expanding strongly here.

Australia's top three

The brands are Louis Weedon, Tiffany and Prada.

But Australia's luxury retail market has also been boosted by the purchase of wealthy overseas tourists.

A report from Euromonitor, a European market research firm, said that Chinese tourists had made a large number of trips to Australia to become one of Australia's largest source of tourists.

In 2012, 626 thousand Chinese tourists went to Australia. Many of them bought luxuries in order to avoid high tariffs and luxury tax.

Chinese consumers are the most expensive visitors to Australia, with an average cost of about 7 thousand yuan per trip per person.

According to reports, Louis Weedon's flagship store on George street in Sydney has annual sales of up to 80 million yuan, while Chanel's annual sales in Sydney's West tin shopping center are as high as 20 million yuan.

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Brunello Cucinelli SpA (BC.MI), Italy cashmere luxury goods manufacturer, disclosed that its revenue reached 355 million 800 thousand euros in fiscal year 2014, which was 10.3% higher than the 322 million 500 thousand euro in fiscal 2013, driven by the strong performance of international business, but slightly lower than market expectations.

The international market revenue increased by 12.3% annually, of which 32.7% in the Greater China region rose to 20 million 900 thousand euros, representing a rise from 5.9% in the 2013 fiscal year to 5.9%.

North America and Europe rose by 12.7% and 8.2% to 122 million 900 thousand euros and 116 million 700 thousand euros, respectively, which accounted for 34.5% and 32.8% of total revenue. European growth was mainly supported by high-end tourists from tourist cities and resorts.

Other markets in the world have risen by 15.9%.

Italy's local market has increased by 2.8% to 68 million 500 thousand euros.

According to the channel, sales of 71 direct outlets in the retail single brand channel totaled 148 million 500 thousand euros, an increase of 28.6% over the same period last year, benefiting from the strategy of pforming wholesale stores to direct battalions, accounting for an increase from 41.7% to 2013 in the 2013 fiscal year.

Wholesale single brand store sales increased by 14.3% (excluding Direct stores) to 30 million 900 thousand euros, and by the end of the year there were 34 stores.

Wholesale multi brand channel sales increased by 1.4% to 176 million 400 thousand euros, representing a decrease from 53.9% in fiscal 2013 to 49.6%.

Brunello Cucinelli SpA (BC.MI) chairman and chief executive officer, Brunello Cucinelli, said in the earnings report that after statistics of the sales rate of 2015 spring and summer series orders and 2014 autumn and winter series, it is estimated that the double-digit income and profit growth will continue to be recorded in the current 2015 fiscal year.

As of December 31, 2014, Brunello Cucinelli SpA (BC.MI) had a net debt of 43 million euros after its annual investment of 40 million euros, compared with 16 million 100 thousand euros in the 2013 fiscal year.

Brunello Cucinelli SpA (BC.MI) closed at 18.05 euros on Monday, rising by 1.98 throughout the day.