Why COACH, Michael Kors, Apple, GM and New Balance are Succeeding in China - Forbes
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
Factory Girls want to put the Southeast on fashion map | A&E Feature | Creative Loafing Atlanta
"Even during the financial crisis, I don't 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." More 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 tirai jendela minimalis 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. Price Difference One aim is to keep Chinese shoppers such as Ann Hu from taking their wallets to Europe. On a trip to Milan in July, the 27-year-old marketing executive from Shanghai picked up a Loewe leather handbag for 8,000 yuan, about half what she would have forked over in China.
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.
China Fashionistas Get Best Deals on Gucci, Hermes Bling - Yahoo Finance
For Glass and Huntz, the Factory Girls were able to fill the void of a crucial, missing component, which was manufacturing. As they were evolving, the four women sitting together trying to figure out what to do and how they were going to do it, they questioned what they would call themselves. "It's to the point, it's what we do, and it brings up an image that's not negative," Weir says. "From the beginning, we've pretty much only been working with women, which brings up lots of connotations; women's liberation, women working in World War II and, of course, we actually have a factory." The name sprouted from Huntz, who kept telling people she was "going to meet with the factory girls." Thurnher and Weir also researched such organizations as New York's Council of Fashion Designers of America (CFDA), which has a department for every branch in a fashion designer's development, and they wanted to have those standards for multiple brands in the South. Currently the staff consists of one pattern maker, three seamstresses, a sewing class instructor, and interns who are responsible for day-to-day operations.