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Able C&C's Operating Profit Soars, Driven by Overseas Growth and Channel DiversificationCreatrip Team
10 months ago
Able C&C reported a significant increase in operating profit by 1.8 times last year, driven by reduced dependency on low-profit duty-free channels and expansion into high-profit markets. Despite a slight drop in total sales, the company's profitability improved significantly, and international sales, particularly in Europe, showed impressive growth. Able C&C focused on a balanced approach between strengthening core business competencies and expanding market reach. They diversified their brand portfolio and sales channels tailored to specific market characteristics. The company's international sales now make up 56.4% of its total revenue, with plans to further accelerate growth in regions like Europe, Southeast Asia, and the Middle East. In the domestic market, new channel diversification, including partnerships with local brands like Daiso, boosted sales significantly. Able C&C continues to emphasize efficiency and profitability in its expansion strategy.
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