Perspectives
The apparel sector is set to boom in China in the next five years, but many brands and retailers may also have to “rethink their strategies”, the Boston Consulting Group has argued.
The firm estimated annual per capita category spending among 14-45 year olds stands at 1,150 yuan ($177; 110: 126) in China, compared with 5,020 yuan for the UK, and 5,770 yuan regarding the US.