Beijing Oct. Men's Suit Retail Sales Report

Beijing Oct. - According to Beijing Commercial Information Consultation Center, Beijing 22 mid-to-high range department stores reported better than expected sales as customers shopped in recent month. Sales value of men's suits in Aug., Sep., and Oct. was CNY15.8 million, CNY16.41 million and CNY 16.50 million.

Sales Champion - Yansha

Yansha Youyi Shopping City, Wangfujing Department Store and Cuiwei Department Store reported sharply higher comparable sales increase. Yansha Youyi's men's apparel sales in Oct. reached CNY5.52 million; Wangfujing Department CNY3.39 million.

Xidan Department v.s. Fuxing Commercial City

Among those purchased men's suits this Oct., their preferences are Xidan Department Store for mid-to-high range clothing and Fuxing Commercial City for low-end clothing.

Table 1. Men's suit retail sales in Beijing 22 mid-to-high range department stores by products' price

Rank	Stores	Market share
		CNY 1000/piece "set"	CNY1000~2000/piece"set"	CNY2000/piece"set"
1	Yansha Youyi Shopping	0%	0%	9.67%
2	Wangfujing Department Store	0%	0.68%	11.92%
3	Xidan Department Store	7.82%	29.02%	21.55%
4	Scitech Plaza	0%	0%	6.35%
5	Fuxing Commercial City	34.62%	0%	0%
6	Shunyi Guotai	11.28%	10.70%	4.19%
7	Dangdai	3.08%	2.84%	11.49%
8	Shuangan	1.61%	0.78%	8.23%
9	Urban-Rural Trade Centre	2.48%	11.36%	4.54%
10	Landao	3.09%	9.48%	1.18%

Kwun Kee Tailor sells over 14 million yuan

Kwun Kee Tailor has been first in retail sales value in Beijing. It sells over 14 million yuan in first ten months while S.D.spontini performed similarly. Kwun Kee Tailor was established in the beginning of the 60's. It started from a smallscale tailor's shop in Hong Kong and, after 40 years of determained effort, it is now so well established that it has developed into a chain-store network of retail outlets with more than 100 shops in big-and medium sized cities in China. Our tailor-made services are of a high standard, suited to the diversity of customers in Hong Kong, Macau and the whole of China.

WuMu has 6.73 percent market share

What's surprising is that Wumu has a lion's share of the men's suit sales at 6.73% percent during Jan.-Oct. 2010. All Wumu apparels are designed by masters through perfect combination of the most popular styles-European casual wear and Japanese suit and considering cultural connotation of the oriental, bringing an effect of wide application, vogue pattern and classic style. Wumu introduces world leading professional assembly lines from Italy, Germany and Japan, and hires proficient technicians and managerial staff to instruct and supervise production. Each suit has to go through eight inspection procedures before delivery in order to guarantee excellent product quality. During its exploration and development, Wumu's achievements have been gradually recognized and witnessed by consumers.

 

source:ctei