In FY 2021, the retail distribution channel posted consolidated revenues up 30.2 per cent as compared to 2020. In the fourth quarter, retail revenue increased by 17.1 per cent as compared to the same quarter of fiscal 2020. The growth exceeded the pre-COVID levels, mainly driven by the performance in five Areas (Greater China, North America, Latin America, Korea and Japan).
The direct e-commerce channel in 2021 continued to consolidate a solid growth, with revenue up by 41.3 per cent in 2020. In the fourth quarter, direct e-commerce increased by 21.6 per cent from the fourth quarter of 2020.
The wholesale channel registered an increase in revenue of 28.6 per cent in 2020. In the fourth quarter of 2021, wholesale revenue went up 32.2 per cent from the fourth quarter of 2020.
ALCHEMPro News Desk (RR)
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