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Nowhere does gp say that China will be a future growth market for Burberry. But even so, how can you conclude that the article says the opposite based on this
by PakG1 13y ago
Nowhere does gp say that China will be a future growth market for Burberry. But even so, how can you conclude that the article says the opposite based on this one sentence? Most of the article is about Burberry's success in China, and it even mentions sales growth percentage expected.
I read the article as saying that China is going well for Burberry and is expected to continue to go well. Additional growth on top of that will also come from other countries. This is likely because China's been penetrated pretty well by Burberry, whereas those other countries haven't yet.
Live in China, and my anecdotal experience is that the Burberry advertising and store presence is on par with a lot of luxury brands here. They've done well.
- seanmcdirmid 13y agoI think the CCP's recent cutback on bribes and conspicuous consumption limits their growth potential for the next few years. Their biggest season in Beijing used to be when the national congress was in session...