AuMake posts record sales in May
Daigou business AuMake announced it has set a new monthly sales record during what is traditionally a low season.
AuMake posted a 121 per cent increase in sales in May to $4.2 million, stating they are pleased the company has continued to perform strongly in recent months.
It added the company is also seeing an increase in online sales across the AuMake business and further developments with JD.com in China.
AuMake announced it is looking forward to the acquisition of Broadway on July 1 which will further strengthen the company’s position in the Chinese tourist market.
The daigou retailer also announced the promotion and sale of Australian and New Zealand IMF (infant milk formula) brands in China will not be affected by the recent announcement from several departments in the Chinese government regarding an action plan to promote domestic IMF brands.
“AuMake operates within the Australian domestic market and sources genuine IMF products from ANZ suppliers,” the company said.
“These products are subsequently purchased from AuMake by Australian based daigou and visiting Chinese tourists, with the purchases delivered to China through AuMake’s logistics channels.”
The retailer added delivery of ANZ products to China via parcels, including the payment of all relevant taxes, continues to be a secure pathway for ANZ products to reach the Chinese market.
“As such, AuMake will not be impacted by China’s IMF action plan,” the company said. “The increasingly competitive and complex regulatory framework within China is advantageous to AuMake, as ANZ suppliers and brands become increasingly reliant on the daigou and Chinese tourist channels to reach and deliver products to China.”
Inside Retail Polls
We reveal the freshest changemakers, disruptors and trendsetters in the latest issue, grab a copy today:… https://t.co/zB6tefVJJk1 day ago
Have you heard of Toymate? What was once a small family business has become a rapidly expanding retail chain fillin… https://t.co/kRMzUfZ7zn2 days ago