China, expected to top the world in luxury-goods spending in as little as five years, will be Calvin Klein’s fast-growing market this year, CEO Tom Murry said in an interview. Sales growth will be 20 to 30%, led by jeans and men’s underwear, Murry said. The company expects to open 15 freestanding stores in China this year, adding to the 100 it already has. Murry didn’t provide a revenue figure. China holds promise for Calvin Klein because the country’s shoppers are relatively open to fashion ideas. Consumers in Japan, currently Asia’s largest luxury good market, tend to be more conservative. When it comes to fashion, he said, “Most trends are global.”
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