China Fashionistas Get Best Deals on Gucci, Hermes Bling: Retail – Bloomberg
Hidden Events “In the past few months, we’ve signed deals for the first time with brands that didn’t work with us for the previous four years,” said Villet, who also introduced “hidden events” this year, restricted to VIP customers and catering to brands that didn’t want public sales to tarnish their image. Some recent rounds of discounting have been low-profile, with word gorden cantik dan murah of private sales conveyed to regular customers through personal mail, text messages to their mobile phones, or popular online messaging apps such as Tencent Holdings’ WeChat. Cartier, the maker of $50,000 watches, sent a WeChat message in June telling some of its customers about a “high jewelry exhibition” with “all pieces at Hong Kong prices” in North China. Customers could follow up with a salesperson for details. Luxury Outlets A spokeswoman for Hermes said April’s Hangzhou sales were held outside its own stores, similar to what it does in Paris, and the brand has organized such sales in past years in Beijing and Shanghai. A Richemont spokesman said the company doesn’t comment on specific markets, while Ferragamo and Zegna staff were on summer holiday and couldn’t respond to questions about the sales. A spokesman for LVMH, parent of handbag maker Louis Vuitton, said the company doesn’t organize discounted sales. Kering declined to comment, and Dior didn’t reply to e-mailed queries.
Shoppers or smugglers? China crackdown on ‘daigou’ boom – CNN.com
With the dirth of brands fighting for a stake in the space, and the demand for goods overpowering the supply , its interesting to see which luxury handbag brands are keeping up despite the madness. In a report done by Fashionista in conjunction with online consignment start-up TheRealReal , they identified the top selling handbag designers broken down by city. Their findings do a great job of identifying what brands are trending around the country, and while most of the report is pretty predictable there were a few surprises. Click on the next pages to see which brands reign in cities like New York, San Francisco, Miami and more! 1
I provide companies with go to market, expansion, consumer engagement, and supply chain strategies and implementation in China. Key areas of concentration are consumer products, retail, luxury, healthcare and automotive. I have completed projects and campaigns for more than 200 multinational as well as small and medium sized enterprises in China. I was previously managing director of China BrightStar, a china-focused consulting firm, and VP at Beijing Gongmei, a Chinese manufacturing conglomerate. I regularly appear in the media and am a frequent speaker at conferences, universities and special events providing insight on Chinese business, politics and culture. I am currently co-authoring a book on Chinas consumers to be published by J. Wiley and Sons in 2014.
Why COACH, Michael Kors, Apple, GM and New Balance are Succeeding in China – Forbes
Inventory has become an issue for brands across the board, and this is a big problem. Slower Spending Growth in luxury spending in mainland China will slow to 2 percent this year after rising 30percent in 2011, forecasts Bain. Christian Dior SA (CDI) and Ermenegildo Zegna Group both held sales at their China stores in July, with Milan-based Zegna cutting as much as 40percent off menswear, leather items, and shoes. Some discounting is more understated, as luxury houses try to avoid lowering the value of their brands along with their prices. Hermes dangled price cuts of as much as half off on dresses and shoes in April at an invitation-only sale, held in the eastern city of Hangzhou, according to reports by Chinese media. Guests were invited by mail to the four-hour sale, at a hotel in the citys West Lake district, and barred from taking pictures, according to a story posted on the website of the Peoples Daily, the official newspaper of Chinas Communist Party.
The Best-Selling Luxury Handbag Designers In Each Major City | StyleBlazer
With large amounts of money changing hands under the official radar, the trade has also caught the attention of China’s customs authorities. From August 1, the General Administration of Customs has stipulated that all individuals engaged in “cross-border e-commerce” must provide a list of imported and exported items to customs. “Those who do not play by the rules will be seen as lawbreakers or even smugglers,” Lu Zhenwang, chief executive of Shanghai-based e-commerce firm Wanqing Consultancy told The China Daily . “That’s a risk few people would want to take.” However, Zhang and Li both said they had no immediate plans to give up their lucrative sidelines despite the new regulation. “You can say this is smuggling but you can’t prove it. The products were purchased in a legal way,” said Li. Zhang says she doesn’t plan to be a personal shopper forever but it’s an easy way for her to earn extra cash at a time when many graduates, even those who studied abroad, struggle to find a job back home.