Core Viewpoint - The high-end jewelry brand Laopu Gold is experiencing significant popularity in China's luxury market, particularly during the holiday season, with long queues at its stores indicating strong consumer interest [1][4]. Group 1: Company Overview - Laopu Gold, established in 2009, is recognized as the leading brand in traditional handcrafted gold jewelry in China, known for its innovative designs that blend cultural heritage with modern aesthetics [4]. - The brand has successfully attracted a high net worth clientele, with a consumer overlap rate of 77.3% with luxury brands like Louis Vuitton, Hermes, Cartier, and Bulgari, indicating a shift in consumer preferences towards Laopu Gold [4]. Group 2: Market Position and Performance - Laopu Gold operates over 40 self-owned stores across 16 cities, all located in high-end shopping centers, making it the only Chinese high-end brand present in the top ten commercial centers [5]. - According to HSBC's global investment research, Laopu Gold's single-store sales are estimated to be approximately twice that of Cartier and three times that of Van Cleef & Arpels, showcasing its strong market performance [5]. - The rise of Laopu Gold represents a structural shift in the high-end retail market in China, moving from reliance on international luxury brands to a focus on domestic brands like Laopu Gold [5].
双节消费高峰将至 老铺黄金多地门店再现排队潮
Zheng Quan Ri Bao Wang·2025-12-21 10:46