Pacific Retail Sales Surged 30% In The Second Quarter

According to the world clothing shoes and hats net, domestic

Strong retail recovery is stimulating domestic high-end shopping malls to gain growth momentum.

Taigu, located in Guangzhou, continues to be the most stable Shopping Centre for high-end luxury goods stores in the world. Retail sales surged 30% in the second quarter of this year, and have recorded growth for the 22 consecutive quarter.

The picture shows sales data of Swire's retail property in the second quarter of this year.

The picture shows sales data of Swire's retail property in the first quarter of this year.

The picture shows 5 quarter growth figures of Guangzhou's Swire.

According to the results released by 01972.HK today, in the second quarter ended June, in addition to Beijing's Sanlitun Taigu, the group's total retail sales in mainland China generally recorded double-digit growth. Compared with the operation data of various shopping malls in the group and the luxury retail potential of various cities, Guangzhou's performance was still the best.

Retail sales in Taigu, Causeway and Chengdu Pacific Ocean grew by 6.5%, 68.5% and 46.8% respectively, and the rental rate ranged from 94% to 99%.

However, retail sales in Hongkong are still facing challenges, and the retail property of Tai Koo estate is in the doldrums.

Taigu square, Tai Koo Shing centre and Donghui City store 100%, but the retail sales of Tai Koo Shing recorded a 7.3% drop. Taigu square and Donghui City store only gained 1.5% and 0.9% respectively.

It is noteworthy that the growth rate of Guangzhou's Pacific growth is accelerating.

According to the comparison of the passenger volume of 6 stores in Beijing SKP, Beijing China World Trade Center mall, Shanghai Heng lung square, Shanghai IFC, Guangzhou Taigu and Shenzhen the Mixc in May this year, the passenger volume of Guangzhou Tai Koo Hui has been ranked the highest by TalkingData big data agency and izretail.

As a new benchmark for luxury consumption in Guangzhou and China, it has settled in Chanel,

Among them, Dior, Louis Weedon, Prada and other global luxury brands, nearly 40% of them.

It was the first time to open a store in Guangzhou. Even in last year, when domestic luxury goods consumption was in a low ebb tide, Guangzhou Taigu Hui was also the biggest black horse in luxury stores in China. Its sales volume recorded a strong growth of 10%.

Guangzhou Archaean general manager Sui Songwei said earlier that clear market positioning is an important reason for the success of Tai Koo Hui. Compared with Beijing, Shanghai and Guangzhou, there is still room for development as a tier one city business. We can still make the pie bigger and the consumption of luxury goods in Guangzhou will be more mature.

According to fashion headlines, Guangzhou's Tai Koo Hui has returned to nearly two digit growth since the fourth quarter of last year.

Some analysts have pointed out that since the fourth quarter of last year, the luxury market in mainland China has begun to pick up, and the demand for luxury goods has begun to pick up.

Chen Jiayue, a 00101.HK rental and sales director with many high-end stores in the mainland and Hongkong, recently said that the average rent of Shanghai Heng Long square was up 30% after the refurbishment.

The latest luxury industry research report released by Ou Rui International shows that global luxury consumption is expected to continue to grow in 2017, but the growth rate will slow down. However, Asia is an exception. China's economic rebound will help accelerate the growth of the Asian region.

Moreover, China is expected to replace the United States in five years and become the world's largest luxury market.

According to some analysts, based on the changes in the global luxury retail industry in 2016, one of the trends of Luxury Retailing in 2017 is that Chinese luxury consumers will gradually return to China.

As Chinese consumers' purchasing power of luxury goods has been boosted, China's wealthy consumers are starting to buy luxury goods, pushing LVMH, Kai Yun, Hermes and other luxury groups to recover.

It is worth noting that the recent online shopping services launched by Louis Vuitton and Gucci are all based on physical shops. Luxury brands are striving to pull Chinese consumers back to China through improving the domestic shopping experience. This part of the luxury consumer demand of wealthy consumers will become the key driving force for the growth of high-end shopping malls in China.

In addition, the latest retail project of Swire real estate, Shanghai Xingye Taigu Hui, began trial operation in May this year.

The chairman of the group, Leshan, said earlier that the group's real estate business in the mainland continued to grow significantly. It is expected that with the opening of the group in Shanghai's landmark shopping center, the rental income of the mainland will increase.

It is reported that the Nanjing West Road business district's Xingtai Taigu remit cost 17 billion capital, covering 100 thousand square meters, will introduce 250 retail brands, 14 brands entered China for the first time, and 12 brands entered Shanghai for the first time.

Xingye Tai Koo Hui is jointly invested and managed by two Hong Kong listed companies, Hongkong Xingye International Group Co., Ltd. and Swire Properties Co., Ltd. according to 50:50 ratio.

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