News Snapshot:
Wenzhuo Wu December 23, 2020 Beijing SKP achieved double-digit sales growth in 2020, though its offline retail was disrupted by the COVID-19 pandemic. Photo: Courtesy of Gentle Monster. What Happened: Beijing SKP , which topped China’s shopping mall revenue ranking since 2011 continues its streak, achieving double-digit sales growth in 2020, though offline retail was disrupted by the COVID-19 pandemic. Its annual revenue is expected to hit $2.68 billion (RMB 17.5 billion), as disclosed by the mall, recording a 15.13 percent year-on-year growth from last year’s $2.32 billion (RMB 15.2 billion). Brands such as the British designer brand Self-Portrait and...
