×
223
Fashion Jobs
CORPORATE MANPOWER
Requirement - Operations Manager
Permanent · Kolkata
DR LAL PATHLABS
Area Sales Manager - Vijayawada
Permanent · Vijayawada
SNAPSEAARCH
sr Production Manager For Hyderabad _api
Permanent · Hyderabad
ALLEGIS GROUP
Opening For Sales Manager - Chennai
Permanent · Chennai
GOODWEAR FASHIONS
Fresh Trainee Customer Service
Permanent · NEW DELHI
ADIDAS
Manager HR
Permanent · BENGALURU
SV MANAGEMENT CONSULTANTS
dy. Manager/ Shift in Charge - Production - Indore
Permanent · Indore
UNISON INTERNATIONAL CONSULTING
Garment Technician
Permanent · National Capital Region
WAYCOOL FOODS AND PRODUCTS
Area Sales Manager/ Sales Officer
Permanent · Chennai
VAMSHA RETAIL VENTURES
Foor Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
VAMSHA RETAIL VENTURES
Branch Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
HERITAGE FOODS
Required Area Sales Manager - Vijayawada @ Heritage Foods Ltd
Permanent · Vijayawada
RASHMI GROUP MUMBAI
Sales Managers/ Executives (Real Estate) Location: Vasai
Permanent · Mumbai
DTDC EXPRESS
Sales Manager
Permanent · National Capital Region
RJCUBE STAFFING SOLUTIONS
Senior Garment Technician For Buying House, Noida Sector 59
Permanent · Noida
HIRING PLUS HR SOLUTION
Icici / Sales Manager / Home Loan ,
Permanent · Vadodara
TALENT CORNER HR SERVICES
Production Manager
Permanent · Bhiwandi
ABS HR SOLUTIONS
Asst. Manager Forecasting, Merchandising &Scm For Beauty Brand(Gurgaon
Permanent · National Capital Region
MANPOWERGROUP SERVICES INDIA
Unit Sales Manager-Field
Permanent · Chennai
SUPER PLAS WASTE MANAGEMENT LIMITED
Production Manager
Permanent · National Capital Region
AFT RECRUITERS
Hiring For Ecommerce Manager For Apparel Company, Jaipur
Permanent · Jaipur
INDUSIND BANK
Area Sales Manager - Loan Against Property
Permanent · Chennai
Published
Jan 23, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Chow Tai Fook to expand Monologue chain, shutter some signature stores

Published
Jan 23, 2017

Hong Kong jewellery retailer Chow Tai Took is expanding its new lower-priced chain to target younger shoppers in mainland China and is also to close up to eight Hong Kong and Macau stores by the end of the current financial year (March). Up to six will also close next year with most of the shops that are being axed located in tourist areas.


Chow Tai Fook will expand one chain but close stores in another as it battles a downturn - Photo: Chow Tai Fook



MD Kent Wong said the new chain will not provide a huge boost to revenue for now but the launch was a must-do to avoid it losing younger consumers.

Its new chain, called Monologue, offers jewellery at around a third of the price of the products in Chow Tai Took stores. The first Monologue store opened last autumn in Shenzhen with up to six more planned this year.

The company currently operates over 2,000 stores selling jewellery and upscale watches and has been affected by the anti-corruption drive in China that has deterred conspicuous consumption and dented sales of luxury goods.

At the same time, Hong Kong has seen a major tourist downturn in recent years and this has hurt its retail trade, particularly at the luxury end of the market.

But Chow Tai Took, the world’s largest jeweller, has also been affected by intense competition among jewellers in key tourist areas, as well as by Hong Kong’s high retail rents.

However, Kent Wong said the company’s business is improving with consumer sentiment recovering in Q4 and comparable sales in mainland China also rising.

While he is staying cautious on prospects for this year, he believes a further improvement could come in the second half.

Copyright © 2023 FashionNetwork.com All rights reserved.