In 2016, the joy of the new year has not yet officially begun, and the sound of fading voice continues to float.

Luxury goods

Gucci closes Chengdu shop

Recently, Gucci Renhe Spring Department Store in Chengdu has been confirmed to close its shop, and the brand said it is optimizing Chengdu's store configuration resources.

This is the end of the year when luxury brand Dior closed the store of Renheng Plaza in Chengdu, and another luxury brand closed shop in Chengdu.

Earlier analysts pointed out that in order to get better results, Gucci had to turn off the extra stores and had no other choice.

People who know about the Chengdu business circle point out that for luxury brands, there seems to be little reason to support them to open the same store at such a close distance, both in the current luxury retail environment or in Chengdu.

Consumer market potential, Chengdu in 2016, the increasingly mature south of the city may be more in line with the appetite of luxury brands.

In recent years, the fast developing British cheap clothing retailer Primark has lost to the warmest winter in Europe in the most important holiday season of the year. During the 9 week (holiday season) in November 1st to January 2nd, the weather in Europe is getting warmer and the rainfall is increasing. Some winter clothes in some markets have not been sold, and the same store sales trend has been reversed in Primark.

However, John Bason, chief financial officer of Associated British Foods PLC Ying Lian food group, pointed out that the passenger flow of stores has been stable, but weather related products are unsalable, so there is no need to worry about future performance.

The group points out that the Primark operating margin, which has a strong impact on the US dollar, will drop as expected, but the decline is lower than previously expected, thanks mainly to the excellent performance of the procurement team and the weakening of the discount sales level.

GAP wanted to curry favor with consumers, and the result was no more.

Compared with competitors ZARA, H&M and UNIQLO, the fast fashion brand GAP of the United States is accelerating to lag behind, regardless of brand influence or performance growth.

GAP group's stock has fallen 40% in the past year, which is the worst performing stock in the fast fashion industry.

The company's profit fell by 29.3% to $248 million in the first quarter of October 31, 2015.

In the same period last year, the company posted a net profit of $351 million.

In addition, net turnover fell to nearly $30% from $3 billion 970 million in the same period last year to $3 billion 860 million.

In the next few years, GAP Group North America will close 175 GAP brand stores and lay off 250 employees.