China’s formal menswear market thrives through digital transformation and strategic expansion
With the increasing purchasing power of Chinese consumers, Chinese men are willing to spend more on clothes. Revenue in the men’s clothing segment reached RMB 754.4 billion in 2023, and the market is expected to have an annual growth of 4.44% (CAGR 2023-2027). In particular, China’s formal menswear market has grown quickly. The demand for […]