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The Hermes of yoga? Premium sportswear brands enjoy rapid growth in China

Inside Retail

It took a slow-and-steady approach to expansion, opening its 100th store last year to coincide with its 10th anniversary, but has since ramped up its strategy, saying it intends to have 220 stores by 2026. Compared to other premium brands, Lululemon is a veteran with a decade-old presence in China.

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How To Set Up A Retail Business

Retail Focus

The restrictions imposed during the coronavirus pandemic resulted in many people learning new skills or returning to hobbies that had previously fallen by the wayside. It helps to set out a strategy and define your objectives. Marketing strategy – One of your main goals will be to attract customers, so you’ll need a strategy to do so.

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Achieving Business Goals: Marketing Targeting

Retailing Insight

Do they have any hobbies? PSYCHOGRAPHICS – What is their lifestyle and perceived social status? Your plan should include media strategies, specific messages, and market penetration techniques. Media usually has the largest audience reach and clout. Do they rent or own their home? What stores do they shop in?