The Seventh Largest Shoemaker In The United States Is Expected To Make China Its Largest Sales Market Within Five Years
November 11, the seventh largest system in the United States
Jeffrey Swartz, chief executive officer and president of the company, said in an exclusive interview with Reuters that its business in Europe and Asia will maintain strong growth, while its business in the United States will also grow this year
Swartz said that the company plans to increase the number of stores in the world by 50% in three years from about 1000 at present, of which the number of stores in China will double, the number of stores in the United States will increase by about 50, and the number of stores in Europe will increase by about 100
He said that China is currently the fastest growing country in the world and will maintain it in the next three years, at least for Timberland
"We now have 110 stores in China and plan to more than double them in the next three years. This speed is not radical, because I don't want to be radical, and I prefer to think carefully," he said
In terms of sales, China is currently the fifth largest market in Timberland Swartz predicts that China will leap to the second place at least within three years and become its largest market within five years.
Last week, the company reported a net profit of $52.2 million in the third quarter of this year, which exceeded market expectations, mainly due to the strong European business and improved gross profit Revenue rose 2.5 percent to $432 million in the quarter Among them, North America decreased by 3.6%, Europe increased by 5%, and Asia increased by 19.7%.
Swartz predicted that "U.S. business will grow in 2010, which has not happened for several years. If we can achieve even slow growth in North America, it will be a good result."
- Related reading
The Reserve Rate Will Be Further Raised By &Nbsp; The Short-Term Adjustment Pressure Will Be Reduced.
|The Government Has Increased Investment In The Development Of Shishi Textile Shoes And Clothing Industry.
|The International Textile Manufacturers Alliance Is Concerned About Soaring Cotton Prices.
|- Business management | Xia Lingmin, Secretary General Of China Textile Industry Federation, And His Delegation Went To Fujian For Research
- Efficiency manual | Yarn Weaving Industry Cluster In Qiyang, Hunan Province To Create A "Textile Town"
- Contract template | With The Trend Of Synergy, Shengze Has Made Joint Efforts To Enter The "Another Spring" Of Private Economy
- Successful case | From A Campus White T-Shirt To An Annual Sales Of 2.5 Billion Yuan, To Win The Battle Of "Quality Price Ratio" Of Clothing
- Management strategy | 2025 Release Of China'S Leading Apparel Brand -- Leading The Industry In Technological Change And Ecological Innovation
- Shoes and clothing technology | General Technology And New Materials Lead A New Chapter In Textile Technology With New Quality Productivity
- Bullshit | Shenzhen Exhibition, The Source Of New Ecology Of Fashion Sports Energized By Innovative Fibers
- Design Frontiers | The 30Th FASHION SOURCE Shenzhen Exhibition And AW25 Shenzhen Original Fashion Week Were Successfully Closed
- Design Frontiers | "Jiang Fu Day" Will End In 2025 China International Fashion Week (Spring)
- Commercial treasure | SORONA ® Shanghai Fashion Week And Its Partners Build A Symbiotic Ecology
- East Asian Futures: Zheng Cotton Goes Higher And Lower, And Continues To Oscillate At A High Level.
- Brand LYRIQUE2010 New Shoes In Autumn And Winter
- Fashion Shark Fin Design Shoes
- Adidas Sports Shoes
- Atlanta Fashion Hand Woven Leather Shoes
- The Handsome Boy Went Online To Help His Mother Search The Fashion Style &Nbsp.
- 2011 Guangzhou Shoe Material Shoes Machine Exhibition Debut In 2007
- 2011 Guangzhou Footwear Leather And Shoe Materials Machinery Exhibition Will Debut In 2011, The First Overture Of China And The United States.
- India'S Cotton Output Doubled In Ten Years.
- Android&Nbsp; Homme&Nbsp; Launched The Latest Footwear In Autumn And Winter 2010.