China Fashionistas Get Best Deals on Gucci, Hermes Bling: Retail – Bloomberg
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.
Spoonful of Sugar | Vernon Hills Review
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
China Fashionistas Get Best Deals on Gucci, Hermes Bling – Yahoo Finance
“Inventory has become an issue for brands across the board, and this is a big problem.” More jual gorden murah di itc cempaka mas from Bloomberg.com: India to Unveil First Warship to Deter Chinese Submarines Slower Spending Consultancy Bain estimates that Chinese purchased a third of all luxury goods sold globally in 2013, but growth in luxury spending in mainland China will slow to 2 percent this year after rising 30 percent in 2011, it forecasts. 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 40 percent 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 city’s West Lake district, and barred from taking pictures, according to a story posted on the website of the People’s Daily, the official newspaper of China’s Communist Party.
The Best-Selling Luxury Handbag Designers In Each Major City | StyleBlazer
(In fact, earlier this year, Buccellati released the most expensive bejeweled iPad and iPhone covers ever offered, which list for $485,000 and $208,000, respectively). You have been frustrated with the conduct of the familys business, and you feel unfulfilled in your role there, so you sell your interest and start a new handbag company in Florida called Laura Buccellati LLC. You are not concerned with name brand confusion because there are many similarities in the fashion industry Calvin Klein and Anne Klein and Lloyd Klein, Mark Jacobs and Adam Jacobs, Diane Von Furstenberg and Egon Von Furstenberg. People really seem to like your handbags and you start to make money. Then the Buccellati company sues you for infringing on their brand. They claim in U.S. District Court in Southern Florida that you deliberately are trying to associate your handbags with the Buccellati brand which is intended to confuse consumers. You called your product a jewel of a bag. You continued to advertise that your craftsmanship follows in the long line of Buccellati craftsmanship.
Left with stacks of unsold merchandise in their mainland stores, high-end brands are resorting to something they rarely had to do earlier: price-cutting. Even during the financial crisis, I dont think we saw this amount of discounting, said Franklin Yao, managing partner of Shanghai-based SmithStreet, which advises companies on their China strategies. 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.
Financiere Richemont SA (CFR) , owner of tony brands such as Cartier and Piaget, came from China and Hong Kong. A record number of luxury brands approached website Glamour Sales China this year about running flash sales online events held over a few days, said Chief Executive Officer Thibault Villet. The Shanghai-based Frenchman quit as Coachs president for Greater China in 2009 to start the website, which sells off-season products from Fendi, Tods, Dolce & Gabbana , and other luxe brands to its 4million Chinese members. Hidden Events In the past few months, weve signed deals for the first time with brands that didnt 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 didnt want public sales to tarnish their image. Some recent rounds of discounting have been low-profile, with word 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.
Guests were invited by mail to the four-hour sale, at a hotel in 
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.
She once blew $45,000 on the coveted Hermes’ Birkin that is regarded by some as the “holy grail” of handbags. Zhang, however, is not splashing her own cash. She is one of China’s growing ranks of “haiwai daigou,” or overseas personal shoppers, that source luxury items for customers back home. It’s a booming business that was worth 74.4 billion yuan ($12 billion) in 2013, according to the China E-commerce Research Center. Graduate student Zhang Yuzhu makes extra money by buying designers bags for customers found through social media “Usually I can earn $200 to $300 for a Chanel handbag, but I will get more for a Hermes,” Zhang told CNN. Zhang’s customers get designer goods for less than they would at home by circumventing China’s steep taxes on luxury items. She says they cost 30% less in the United States. Chinese are the biggest buyers of luxury goods globally, making 29% of all purchases, according to consultants Bain & Company , and these purchases are increasingly being made abroad, mostly by tourists, but also by people like Zhang.
“There’s nothing [else] like this in Atlanta.” Weir and Thurnher decided the Southeast needed a hub for designers to produce their collections on an industrial-based level. Thanks to a building already owned by Weir’s family, they found a space where their concept could eventually become a reality. The factory quickly became an innovative and resourceful haven for Glass and Huntz, whose fall collections were launched with the support of Factory Girls in June. Having Glass and Huntz’s alliance and collaboration on the founding of Factory Girls was “invaluable,” and their input enabled Thurnher and Weir to understand what designers needed.
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