1. News
February 10, 2022

Bonnie&Clyde plans to double its retail footprint this year

The company has introduced SUQQU, Natura Bissé and Zaha Hadid Design among other major brands to the Chinese market.

Chinese luxury beauty and lifestyle retailer Bonnie&Clyde has revealed plans to double its retail presence in China this year.

Free Whitepaper
img

What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.

The company will increase its retail store network in the country to 12 outlets this year, having opened six stores across top-tier malls last year.

The stores will be located at Chengdu IFS, Changsha IFS, Nanjing Deji and other major luxury malls in East, Central, West and South China.

In addition, Bonnie&Clyde will partner with duty-free group CDF to expand its presence in the travel retail sector in Beijing, Shanghai, Shenzhen and Hainan.

Bonnie&Clyde CEO William Lau said: “We anticipate year-on-year growth in excess of 70% as we ramp up stores, digital communities and increase our assortment with clean, sustainable brands and partners.

“Also, consumer enhanced loyalty programmes and in-store services, and an improved last-mile delivery experience.

“Bonnie&Clyde’s commitment to ongoing enhancements to our renowned luxe shopping experience to continue to serve our avid Gen Z and millennial shoppers who depend on Bonnie&Clyde for the ultimate curated beauty shopping experience.”

This growth plan comes after Bonnie&Clyde presented positive results for the fiscal year 2021 (FY21), with the company’s average ticket value exceeding RMB8,000 ($1,258) in the year.

The company is owned by luxury brand management group USHOPAL Group.

Besides the store expansion, Bonnie&Clyde has introduced a number of high-value global brands, including SUQQU, Natura Bissé and Zaha Hadid Design, to the Chinese market.

The company collaborates with brands that are exclusively sold at high-end retailers, including Harrods, Le Bon Marché and Bergdorf Goodman.

It has also invested in several global brands, including Juliette Has A Gun, Argentum Apothecary and Bulk Homme, Japan.

Last month, Chinese e-commerce company JD.com partnered with Canada-based online shopping platform Shopify to allow US merchants to sell their products in China.

The partnership is intended to support both Shopify’s Chinese operations and JD.com’s worldwide expansion efforts.

Free Whitepaper
img

What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.