Weak Asian Market Dior Brand Performance Is Strong But Turnover Continues To Decline
According to the latest news, in the past 2015, the overall clothing market in Asia showed a weak state. The famous brand Dior has always been strong, and in the past year, there has been a downward trend in turnover.
LVMH group CEO Bernard Arnault said on Tuesday.
Latest fashion
The total turnover of the cosmetics brand Christian Dior is likely to exceed 5 billion euros ($5 billion 630 million) this year.
However, the Dior fashion department, which has always been strong in its performance, is showing signs of losing momentum.
Bernard Arnault said at the annual shareholders' meeting in Paris: "the overall turnover of Dior has become quite important, and it may exceed 5 billion euros in 2016."
Last year, the Dior fashion department grew into the club with annual sales of 2 billion dollars.
Earlier reports
Luxury goods
The slow growth of the industry has deteriorated again. LVMH group said its fashion leather products including LV, Dior, Givenchy and Celine were stagnant in the first quarter.
However, in terms of perfume and cosmetics, the organic growth of revenue in the first quarter of 2016 was 9%.
Christian Dior benefited from the success of Sauvage and logo perfume J'adore and Miss Dior, and gained strong growth results.
The Dior fashion department, which belongs to the LVMH group, released its financial report on Tuesday. The company's turnover fell by 1% in the first three months to March 31st, and it recorded 429 million euros, which was mainly affected by the weakness of several Asian markets.
In the same period last year, the turnover of Christian Dior fashion department rose 20%.
In the three months ending last December 31st, the turnover of the company increased by 12.1% to 490 million euros, and organic growth maintained a 4% growth point.
Obviously, the Dior fashion department recorded a negative growth in the latest quarter, indicating that its performance has begun to fall into a downturn.
In recent years, the strong performance of Dior's fashion department has been in sharp contrast to that of Burberry and its parent group LVMH's LV.
Most of these luxury brands come from Chinese and Chinese consumers, but revenues are falling.
However, Dior began to slow down in the first quarter of 2015. Some industry analysts said that it was mainly affected by China's economic slowdown, stock market turmoil and the persistent anti-corruption policies of the Chinese government, coupled with the shock of the design department brought about by the departure of former director of art Raf Simons. At least now, the Dior fashion department has not found any countermeasures to maintain growth targets.
Christian Dior CEO Sidney Toledano has repeatedly suggested that modern women's passion for women's garments designed by former art director Raf Simons is an important contributor to brand performance.
Christian Dior, who is secretly searching for the next creative director, is now relying on the entire internal team to design its women's clothing series, mainly led by studio leaders Serge Ruffieux and Lucie Meier.
In terms of top management team, in order to strengthen the group's men's clothing business, Christian Dior has appointed the No. 2 Serge Brunschwig of the company as the president of Dior Homme.
Sidney Toledano said in a media interview last year that Dior will pay more and more attention to the Chinese market, but acknowledges that China's luxury consumption is slowing down.
The Republic of Korea
China and Japan became the iron triangle matrix of the Dior Asian market. Dior Asia's largest flagship store opened in Seoul last June, and the new flagship store of Dior opened in Beijing last year.
The industry has analyzed the Dior's counter trend to prove that China is still one of its most important markets, but now it looks very difficult. The next art director of Dior is still unknown. So the performance of Dior in the next year may be unknown.
- Related reading

Looking At The Three Trends Of Hai Tao From The Data Of Eight Major Cities In China
|
Tokyo'S Asia Pacific Region'S New Market Bally Tokyo Flagship Store Has Attracted Much Attention
|- Today's quotation | Viscose Staple Market Prices Are Generally Stable.
- quotations analysis | The Quotations Of Polyester And Staple Manufacturers Are Basically Stable.
- Mall Express | In Autumn And Winter, The New Pure Cotton Cloth Goes Smoothly Along With The Demand.
- Fashion item | Autumn Shirt Is Smart To Enhance Your Intellectual Temperament.
- Fashion brand | Gao Yuanyuan'S Temperament Remained As Elegant As His Shirt.
- Star wardrobe | TV Huat Prize Red Carpet Angie Chiu Led The United States Collocation
- Star Design | Before And After The Song, There Is High Wen Di Li Bao Clothing Excellent.
- Management strategy | How Can The Management Of Store Personnel Win The Terminal?
- Innovation and invention | New Application Technology Helps Dress Marketing
- Leisure clothes | Tory Burch Open Up New Road, Sports And Leisure Style Women'S Wear
- Do You Know The Four Elements Of The Official Document?
- The State Administration Of Taxation Promotes The Cooperation Of The National Tax And Land Tax Service Offices
- Sneakers And Intelligent Sparks
- State Trademark Office: Trademark Registration Certificate Is Expected To Be Satisfactory.
- Advantages Of Shanghai FTA Registered Finance Leasing Company
- Underwear Brand Image Management Breakthrough
- Intelligent Design Of High Heeled Shoes
- Analysis Of Sales Data From Multiple Stores
- Where Are The Secrets Of Experiential Marketing Environment Design?
- Looking At The Three Trends Of Hai Tao From The Data Of Eight Major Cities In China