Reselling to shine in online retail
By Shi Jing in Shanghai | China Daily | Updated: 2019-03-04 07:27
Led by Liang Chao, streetwear fashion label Yoho! rides China's consumption upgrade to success
In mid-December, Yoho!, China's largest streetwear fashion group, launched UFO, a sneakers resale channel, on its e-commerce platform with all guns blazing, notching up over 1 million yuan ($145,574) in sales revenue on the very first day.
After the sensational debut, perday deals have settled to a decent number. Liang Chao, founder and CEO of Yoho!, said: "We've stepped into fashion retail because there's plenty of demand in the market. Among the products searched by consumers, sneakers are prominent," he said.
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