【导读】GUESS将关闭国内所有线上、线下店铺 日前，知名国际时尚品牌GUESS发布消息称，其在中国所有线上、线下店铺将在3月底前正式关闭，引发网友热议。 将以全新模式深耕中国市场 2月27日，多位消费者收到GUESS官方发送的短信，消息显示，因经营模式调整，GUESS全国所有线上、线下店铺将在3月底前正式关闭。GUESS未来将 以全新模式深耕中国市场。 随后，GUESS官方旗舰店正式发布关店公告称，因品牌经营模式与渠道战略调整，GUESS官方旗舰店将于2026年3月31日前正式关闭。 为保障客户的权益，该店铺相关事宜安排如下： 订单履约方面，关店前已付款订单，将正常发货、完成售后；未支付订单将在店铺关闭前统一关闭。 售后保障方面，店铺关闭后，在法定质保期与三包有效期内的商品，仍可正常办理售后、退换货及质量问题处理，品牌将持续提供服务。 开票服务方面，已购买店铺产品，客户仍可继续开具发票，截止日期为4月15日。 GUESS官方旗舰店也表示，未来将以全新模式深耕中国市场，后续官方渠道将另行公告。 网友热议 消息传出后引发热议，部分网友表示"有点可惜"，也有网友认为该品牌"定位不清晰""款式不够新颖"。 > 2分 ...

（来源：指尖新闻沈阳晚报） 2月27日 不少消费者收到 美国知名时尚品牌GUESS 官方通知短信 消息显示 因经营模式调整，GUESS全国所有线上、线下店铺将在3月底前正式关闭，同时品牌方提及未来将以全新模式深耕中国市场，具体新布局尚未公布。 GUESS也要倒闭了?刚刚收 到的手机短信 #GUESS tion 哼哼哈嘿 2小时前 01 信息 · 短信 今天 12:09 【机时商贸】尊敬的 GUESS顾客,因经营模 式调整,全国所有线上 线下店铺将在3月底前 关闭。 GUESS未来将以全新模 式深耕中国市场,敬请 期待。 2小时前 信息 · 短信 今天 12:25 短信内容明确告知消费者闭店的核心安排，这一消息也在社交媒体引发热议，多位网友纷纷晒出收到的短信截图，不少人感慨 "突然收到通知，有点意外"，还有网友表示还未来得及入手心仪单品，对品牌闭店感到惋惜。 因经营模式调整,全国所有线上线 下店铺将在3月底前关闭。 GUESS未来将以全新模式深耕中国 市场,敬请期待。 12:14 ▲ III 5GA I Guess #D*奈克 | 沂 线上和线下店了 【机时商贸】尊敬的GUESS顾客, 因经营模式调整,全国所有 ...

为核实消息真实性，记者咨询了GUESS线上官方旗舰店客服，客服确认了3月底前关闭全国所有线上线 下店铺的消息，回应简洁明确，未透露更多关于闭店后的后续服务及全新经营模式的细节。 2月27日，不少消费者收到美国知名时尚品牌GUESS的官方通知短信，消息显示因经营模式调整， GUESS全国所有线上、线下店铺将在3月底前正式关闭，同时品牌方提及未来将以全新模式深耕中国市 场，具体新布局尚未公布。 短信内容明确告知消费者闭店的核心安排，这一消息也在社交媒体引发热议，多位网友纷纷晒出收到的 短信截图，不少人感慨"突然收到通知，有点意外"，还有网友表示还未来得及入手心仪单品，对品牌闭 店感到惋惜。 目前，GUESS方面尚未公布闭店后的售后保障、库存清仓等相关安排，也未详细说明未来将以何种全 新模式继续布局中国市场。 来源丨青岛日报 公开资料显示，GUESS由Marciano四兄弟于1981年创立，总部位于美国洛杉矶，最初以牛仔服饰起家， 逐步发展为全球知名时尚集团，产品线涵盖时装、鞋履、钟表、配饰、手袋、香水等多个品类，品牌于 1996年8月8日在美国纽约上市。 ...

2月21日，一列满载1100吨焦炭的"长江班列"从达州驶往武汉。达钢集团焦炭经由"长江班列"运抵沙市南站，短驳盐卡港"集改散"（集装箱内货物投入船 舱，散货装船运输），再通过长江水道运抵九江港，再由公路直达炼钢高炉。同样，入川的铁矿石则从江苏镇江水运至鄂州三江港后，通过"长江班列"铁路 运输至连界站，为川威集团生产持续输送原料。 北向运输方面，春节期间，满载20标箱元明粉的"北向班列"从眉山启程，发往山东沂南。 春节年货供应是民生保障的重点。"大湾区班列"加密开行，打通川粤两地"年货快车道"。一列列"大湾区班列"满载火锅底料、豆瓣酱、木薯淀粉等川味特 产，穿越崇山峻岭，仅36小时便将地道的巴蜀年味送达粤港澳大湾区。与此同时，来自粤港澳的时装、饮料、家用电器等年货，也搭乘返程班列进入四川， 丰富了本地节日市场。 "长江班列"是四川为破解长江三峡"翻坝难"、提升长江黄金水道运输能力而开行的铁水联运班列，班列主要采用长江上、中游铁路+长江中、下游水运的铁 水联运体系，较传统的水运模式，运输时间缩短一半，实现了从港口到工厂的"门到门"无缝衔接。 长江班列 转自：四川在线 四川在线记者 寇敏芳 今年春节期间，"长江班列 ...

Summary of China Duty Free Group's Conference Call Company Overview - **Company**: China Duty Free Group (CDFG) - **Acquisition**: CDFG acquired 100% equity of DFS Macau and retail stores in Hong Kong, along with intangible assets in Greater China, including brand, membership system, IT systems, and intellectual property [2][3][5] Core Points and Arguments Strategic Acquisition - The acquisition aims to optimize business layout, enhance international capabilities, and solidify CDFG's position in the global duty-free industry [2][5] - CDFG established a strategic partnership with LVMH to expand cooperation in product sales, store openings, brand promotion, cultural exchange, tourism services, and customer experience [2][3] Market Expansion - CDFG plans to strengthen overseas expansion, focusing on mature markets (bidding), growth markets (acquisitions like Hong Kong and Macau), and high-potential markets (self-pilot projects in Cambodia, Sri Lanka, and Vietnam) [2][6] - The retail performance in Hong Kong exceeded expectations, particularly in cosmetics, jewelry, watches, and gifts, leading to confidence in future profitability [2][7] Financial Aspects - CDFG's subsidiary, CDF International, acquired DFS's retail stores and intangible assets for up to $395 million [3] - The acquisition is expected to enhance CDFG's backend capabilities and facilitate broader market expansion, especially in Southeast Asia and along the Belt and Road Initiative [2][8] DFS Group Overview - DFS Group, established in 1960, is a leading high-end retail and travel retail operator, collaborating with 1,800 global brands [4] - The acquisition not only focuses on store resources but also on brand value, membership value, and supply chain systems [4][5] Future Plans and Market Strategy - CDFG aims to explore further cooperation opportunities with LVMH in overseas channels and may re-enter previously exited markets [5][10] - The company is optimistic about the retail industry's growth in Hong Kong and Macau, viewing it as a key pillar for future profitability [7][17] Integration and Operational Strategy - CDFG plans to integrate DFS into its existing system, ensuring a smooth transition in supply chain, talent, and channel resources [20][22] - The company will leverage its extensive membership base to enhance revenue and attract high-net-worth customers [9][11] Profitability and Valuation - CDFG's valuation logic is based on market comparisons, with the acquisition price reflecting a protective measure for the company and investors [17] - The expected revenue for the acquired business in 2023 is approximately 6 billion RMB, with a net profit of around 1 billion RMB [17] Cash Utilization and Future Investments - CDFG plans to utilize its ample cash reserves for future investments and acquisitions, aiming to optimize its investment strategy for better performance in the capital market [24] Other Important Insights - CDFG is considering introducing more high-potential Chinese brands into its offerings, particularly in spaces with significant display potential [11][21] - The company is focused on maximizing the value of the acquisition through post-merger integration and synergy effects across various business segments [21][22] This summary encapsulates the key points from the conference call regarding China Duty Free Group's strategic acquisition of DFS and its implications for future growth and market positioning.

Core Insights - The article highlights that while the Chinese economy shows resilience, it faces structural challenges, with growth expected to be between 4% and 5%, significantly lower than the pre-pandemic average of nearly 7% [1] - Internal policies are focused on industrial capacity building and export competitiveness, but domestic consumption, particularly from residents, has not been fully unleashed [2] - External pressures, including trade tensions with the US and EU, add uncertainty to the short-term outlook, yet the government's commitment to stable growth supports long-term confidence in the economy [3] Internal Policy Focus - The current emphasis is on enhancing industrial capabilities and export competitiveness, with insufficient focus on domestic demand and consumer spending [2] - Structural and temporary overcapacity in sectors like new energy vehicles and semiconductors reflects a supply-side focus that suppresses short-term consumer activity and profit margins [2] Consumer Behavior Trends - A survey of 3,000 new luxury consumers in China indicates a shift towards more rational and planned purchasing behavior, with a projected 4% decrease in per capita luxury spending from RMB 146,800 to RMB 141,500 [4] - Approximately 80% of consumers maintain a positive outlook on the macroeconomic situation, yet their spending remains cautious, reflecting a thoughtful approach to consumption rather than impulsive buying [4] Demographic Insights - Consumer behavior shows significant differentiation by age, income, and city tier, with younger consumers (Gen Z) more likely to reduce luxury spending compared to older generations [6][7] - Nearly half of consumers reducing luxury spending cite increased savings as a reason, while a significant portion plans to shift spending towards experiential consumption [6] Market Dynamics - The luxury market is experiencing a cautious recovery, with a notable shift towards domestic luxury brands due to changing consumer preferences influenced by trade tensions [9] - About 75% of respondents indicate that ongoing US-China trade tensions affect their luxury purchasing decisions, leading to a preference for local brands [9] Channel Preferences - Consumers are increasingly choosing official channels for purchases, with 56% preferring offline and 44% online, reflecting a growing emphasis on trust and credibility in purchasing decisions [13] - Overseas purchases remain significant but limited, with about one-third of consumers planning to buy luxury goods outside mainland China, primarily in Asia [14] Future Outlook - The luxury market in China is expected to evolve with two driving forces: sustained consumer confidence and more rational spending behavior [16] - The competitive landscape will hinge on brands' ability to build trust and deepen local operations without overly relying on price promotions [16] - The potential recovery of the luxury market will depend on brands' ability to convert consumer confidence into a sustainable foundation for growth [18]

Core Insights - Fashion consumption is becoming a significant driver of economic growth and urban vitality, characterized by a dialectical unity of "change and constancy" [1][2][3] - The current fashion consumption landscape has expanded beyond traditional categories like apparel and jewelry to include lifestyle products and services such as smart wearables, automobiles, home goods, entertainment, sports, and beauty [1][3][4] Industry Trends - Two major transformations in fashion consumption are emerging: 1. The integration of mixed-use formats, such as "retail + dining" and "retail + exhibitions," which deepens the connection between brands and consumers [1][4] 2. Rapid growth in health and self-care service consumption, with new store openings in major cities like Beijing, Shanghai, Guangzhou, and Shenzhen projected to increase by 25% to 55% by Q3 2025, significantly outpacing traditional retail and dining [1][4] Market Opportunities - The Chinese consumption market presents two structural opportunities: 1. Significant room for service consumption upgrade, with a 10-20 percentage point gap compared to developed economies in service expenditure [2][6] 2. Potential for increased spending by international tourists, with a 50% year-on-year growth in inbound visitors following the expansion of visa-free policies [6] Consumer Behavior - The definition of fashion consumption includes both changing trends and the enduring essence of leadership in consumer preferences, with a shift towards lifestyle-oriented consumption as income levels rise and consumer demographics evolve [3][5] - The establishment of flagship stores serves as a barometer for fashion consumption trends, with first-tier cities like Beijing and Shanghai accounting for 55% of new flagship stores in the first half of 2025 [5] City-Level Insights - Fashion consumption in China can be categorized into three tiers: 1. First tier: Beijing and Shanghai, which attract high-net-worth families and international tourists [5] 2. Second tier: Cities like Shenzhen, Chengdu, and Guangzhou, which are economic hubs with high consumer spending potential [5] 3. Third tier: Smaller cities where e-commerce and social media are driving fashion consumption among middle-income groups [5]

Core Insights - The "Louis" project has attracted overseas tourists from 87 countries and regions, significantly boosting tax refund sales in the surrounding area [1] - There is a new trend in inbound tourism to China, with more overseas consumers purchasing imported goods [1] Group 1: Tax Refund Sales Growth - During the three-day New Year holiday in 2026, the tax refund issuance in Jing'an District saw a year-on-year increase of 249%, with corresponding sales up by 110% [1] - The "immediate refund" transactions increased by 13 times, with sales growing 9 times [1] - Jing'an's tax refund sales have shown a 60% year-on-year increase since last year, with "immediate refund" sales experiencing explosive growth [1] Group 2: Consumer Behavior and Preferences - The "Louis" project has led to increased foot traffic at the Xinyi Taikoo Hui, with many consumers being foreign tourists who shop at "Louis" before heading to the mall [2] - In the second half of last year, the number of "immediate refund" transactions at Xinyi Taikoo Hui grew by approximately 700%, with a nearly 400% increase in sales [2] - About 30% of the total transactions at the mall were related to tax refunds completed at "Louis" [2] Group 3: Strategic Developments in Jing'an - Jing'an District is enhancing its appeal as a destination for international tourists and high-end consumers through systematic optimization of the environment and the introduction of flagship projects like "Louis" [3] - The district has over 800 tax refund stores, with more than 100 offering "immediate refund" services, creating a comprehensive high-end consumption tax refund service cluster [3] - The average tax refund amount in Jing'an is twice the city average, positioning it as the leading district in Shanghai [3]

Group 1 - The "Louihao" project on Nanjing West Road has attracted overseas tourists from 87 countries and regions, significantly boosting inbound consumption in Jing'an District during the 2026 New Year holiday, with a 249% year-on-year increase in tax refund orders and a 110% increase in corresponding sales [1] - The surge in tax refund sales in Jing'an is attributed to a notable shift where more overseas consumers are purchasing imported goods in China, a trend that was previously unimaginable [1] - Jing'an District has become a key destination for international consumers, with a 60% year-on-year increase in tax refund sales and an explosive growth of over 13 times in "immediate refund" sales since last year [1] Group 2 - The "Louihao" project has led to sustained high foot traffic at Xinyi Taikoo Hui, with many foreign tourists shopping there after visiting "Louihao," resulting in a 700% increase in "immediate refund" transaction numbers and a nearly 400% increase in consumption amount compared to the previous half-year [2] - The tax refund orders completed at "Louihao" accounted for 30% of the total orders at Xinyi Taikoo Hui, which has nearly 50 tax refund stores, with 90% being international brands across various sectors [2] - CELINE's global launch event at Zhangyuan, which provided a tax refund "green channel," attracted international mid-to-high-end consumers, with a single-day tax refund sales ratio reaching 15%, exceeding brand expectations [2] Group 3 - The high growth of tax refunds in Jing'an highlights the district's advantages in high-end consumer aggregation and growth vitality, supported by systematic optimization of the environment through the "Jing'an International Friendly City Construction Implementation Plan" [3] - Jing'an District has over 800 tax refund stores, with more than 100 "immediate refund" merchants, forming a high-end consumer tax refund service cluster covering multiple sectors [3] - The average tax refund amount in Jing'an is twice the city average, ranking first in Shanghai, with plans for continued policy innovation and inter-departmental collaboration to enhance inbound consumption convenience [3]

Core Viewpoint - The rise of malicious returns in e-commerce, particularly in the clothing sector, is causing significant challenges for merchants, leading to increased operational costs and potential losses [2][6][11] Group 1: Malicious Returns Impact on Merchants - Merchants are facing difficulties with malicious returns, where items are returned after being worn or damaged, leading to financial losses [3][6] - A case study highlighted a merchant who experienced a high return rate, with items returned after being used for performances, resulting in unsellable goods [3][4] - The operational costs associated with returns, including logistics and handling, are increasing, which could lead to price hikes for consumers or threaten the viability of small businesses [6][11] Group 2: Legal and Regulatory Framework - Current laws, including the Civil Code and the upcoming Consumer Rights Protection Law, emphasize the principle of good faith, aiming to prevent the abuse of return policies by consumers [8][14] - Legal experts suggest that consumers who exploit return policies for profit may face legal consequences, including compensation for damages [8][14] - There is a call for improved regulatory measures to balance consumer rights with merchant protections, potentially through a consumer credit system to identify repeat offenders [13][14] Group 3: Merchant Strategies to Combat Returns - Merchants are adopting strategies such as using oversized tags to deter consumers from trying on items and returning them, although this may affect customer experience [10][12] - The effectiveness of these measures is still under evaluation, as they may lead to reduced sales and increased costs for merchants [12][13] - Experts recommend that merchants document the condition of items before shipping to strengthen their position in disputes over returns [9][14]