Adidas in China: Winning back consumers through its “In China, For China” strategy
In 2024, Adidas boasted net sales of EUR 3.5 billion in Greater China, a 10% YoY growth (currency-neutral) – a rebound following an alarming 36% YoY revenue drop in 2022. Accounting for around 15% of Adidas’s global revenue, the Chinese market is the third largest after Europe and North America and remains crucial to its […]
How climate change is fueling sun protective clothing in China
Asia is warming up twice as fast as the rest of the world. China, in particular, has broken average temperature records five out of twelve months in 2024, making it the country’s warmest year in recent history. As sweltering summers and intensified UV radiation become the norm, sun protective clothing in China has taken on […]
The luxury watch market in China: Status, sophistication and counterfeiting
Despite broader economic challenges and a slowdown in the overall luxury sector, luxury watches continue to hold strong appeal among affluent Chinese consumers, increasingly viewed as a smart alternative investment during times of economic uncertainty. In 2024, the luxury watch market in China was valued at approximately USD 18.12 billion, reflecting steady growth, with an […]
Nike in China: A sportswear giant’s journey back to the top
Nike is in a battle to reclaim its leadership in China, a market fundamental to its global identity and future growth. For years, the Nike Swoosh ruled with its international star power and deep roots in Chinese sports. But the game has changed, a massive wave of homegrown pride, the “Guochao” movement, accelerated local rivals […]
Chinese counterfeit products: A mirror of growth, consumption, and global trade loopholes
Chinese counterfeit products dominate the global fakes industry. In fact, China and Hong Kong accounted for close to 90% of the total value of counterfeit and pirated goods seized by U.S. Customs and Border Protection in 2024. Within China’s borders, forgeries of luxury-brand products are more prevalent than in any other country in the world. When […]
Chinese ski market: From niche luxury sport to a mass, year-long sport
The Chinese ski market is expected to continue experience sustained growth driven by the 2022 Beijing Winter Olympics. The market size of the Chinese ski market reached approximately RMB 12 billion in 2023, double the RMB 6 billion amount in 2018, indicating a robust growth in the market. This is further supported by the government, […]
China’s winter apparel market: What Chinese wore for their “New Year Battle Outfits” (新年战袍)
In 2024, China’s winter apparel market held the largest share in the Asia Pacific region, which accounted for 35.4% of the global market revenue. Drivers for winter apparel purchases include the growing popularity of winter tourism and winter sports. Around 313 million people have participated in ice and snow sports or other winter-related leisure activities […]
The athleisure market in China: opportunities in an increasingly active country
Athleisure is a fusion of fashion and athletic apparel, fit for a wide variety of occasions, such as at work, school, socializing, and of course, a variety of workouts. People dressing in athleisure clothes often present an active healthy lifestyle, 35.1% of individuals opted for regular exercise as their means of maintaining health in 2022. Download […]
From local success to global player: ANTA’s strategic blend of tradition, innovation, and sustainability
ANTA(安踏), a prominent player in the Chinese sportswear market, has secured a notable position second only to Nike with revenue reaching RMB 29.6 billion in 2023. The sale is mainly from sports apparel and footwear segment. The company recorded a substantial revenue of RMB 11.1 billion from sports apparel sales, marking a notable increase from […]
Chic and cozy: Inside China’s down jacket market
In the constantly changing world of fashion, China’s down jacket market is undergoing a transformation shaped by the discerning tastes of Gen Z consumers. According to the China National Garment Association, the size of the down jacket industry in China is witnessing growth, with a projection to reach RMB 195 billion in 2024. Download our […]
Streetwear in China: how hip-hop and cultural fusion rule the fashion scene
The fashion industry has seen a significant shift in recent years, with China emerging as a dominant player. In 2022, China became the second largest apparel market, generating a remarkable revenue of USD 286.51 billion, representing almost 30% of the global market share. This shift has been highlighted by Fashion IP’s 2022 global ranking. has […]
Li Ning in China: leveraging national confidence to win young Chinese consumers
Li Ning is a Chinese sportswear company founded in 1990 by the Chinese “prince of gymnastics” Li Ning (李宁). In recent years, the brand has seen its sales skyrocket and its patriotic designs gain popularity, especially among new generations. The enhanced Chinese nationalism combined with the surge of the sports market following the COVID-19 pandemic […]