Core Viewpoint - The latest financial report indicates that Winner Fashion is experiencing a decline in both revenue and net profit for 2024, attributed to decreased retail channel sales and consumer perceptions of high prices [1][4][5]. Financial Performance - In 2024, Winner Fashion's revenue decreased by 4.68% to 6.589 billion yuan, while net profit fell by 44.1% to 469 million yuan [4]. - This performance contrasts sharply with previous years, where the company had consistent growth, including a revenue increase of 22.05% and a net profit increase of 119.17% in 2023 [4]. Brand Performance - Among Winner Fashion's main brands, only NEXY.CO saw a slight growth of 0.79%, while Koradior and NAERSI experienced declines of 9.68% and 1.87%, respectively [5]. - Younger brands like LaKoradior and FUUNNYFEELLN showed growth of 10.23% and 22.23%, indicating a potential shift in consumer preference towards younger, more dynamic brands [5]. Pricing and Consumer Perception - Winner Fashion's products are positioned in the light luxury segment, with prices often exceeding 1,000 yuan, leading to consumer complaints about high pricing [7][8]. - The company has been criticized for extreme discounting practices, which may undermine brand value and consumer trust [8]. Marketing and Brand Strategy - The company is facing challenges in customer acquisition, with management noting a reliance on existing customers rather than attracting new ones [9]. - To combat brand aging, Winner Fashion is exploring strategies such as increasing marketing expenditures and enhancing brand influence through advertising in airports [10][11]. Future Outlook - Winner Fashion is considering introducing a new international brand to rejuvenate its offerings, although plans have been delayed due to increased partnership conditions [11].
对标高净值女性的赢家时尚卖不动了？