SKP expands to Wuhan
news May 2021 Business of Fashion
The Beijing-based department store group has signed a contract with Wuhan’s government to build a new property in the city’s Wuchang district, set to open in two years.
Retail sales of consumer goods in Wuhan rose 67.4% in the first quarter of this year, making it one of the top ten performing cities in China.
In 2020, Beijing SKP’s sales reached RMB 17.7 billion (USD 2.77 billion), making it China’s top luxury department store for the 10th consecutive year.