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Offline flagship stores feed online buzz: Where the next growth curve lies

2028-01-06 · VRBT Research

Offline flagship stores feed online buzz has been gaining momentum. Data shows that in Q3, new launches increased yoy by RMB 4.1bn, and industry attention is clearly rising. This piece breaks down where the next growth curve lies using public information and platform data.

Competitively, moves by leaders such as Perfect Diary are a bellwether. Performance in the Middle East deserves particular attention, as shifts in channel and audience structure are reshaping growth logic.

Two signals stand out from Perfect Diary’s latest moves: resources keep concentrating at the top, while incremental markets like the Middle East gain bargaining power.

MetricValueNote
Core metricRMB 4.1bnQ3 data
Brand to watchPerfect Diarythe Middle East market
OutlookStructural upcycleWhere the next growth curve lies

For practitioners, three directions follow: differentiate product and content back to R&D and supply chain; build localisation capability for markets such as the Middle East; and treat compliance and data capability as the new moat.

Bottom line: offline flagship stores feed online buzz is moving from concept to execution — where the next growth curve lies. Brands should review strategy before Q3 and prioritise channels and segments with higher certainty.

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