China Fashionistas Get Best Deals On Gucci, Hermes Bling: Retail – Bloomberg

Factory Girls want to put the Southeast on fashion map | A&E Feature | Creative Loafing Atlanta

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 gorden imut high jewelry exhibition with all pieces at Hong Kong prices in North China. Customers could follow up with a salesperson for details.

China Fashionistas Get Best Deals on Gucci, Hermes Bling – Yahoo Finance

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. “The price difference between Europe and the mainland can pay for a round-trip ticket for me to Paris or Milan,” explains Hu, who’s collected luxury bags since she was 23. “If I could do that and holiday for a few days there, why wouldn’t I?” China imposes duties as high as 25 percent on imported products such as leather handbags, dresses, shoes, and watches, depending on their value, according to data from the World Trade Organization. The country also levies consumption taxes of 20 percent on high-end watches and 30 percent for cosmetics.

The Best-Selling Luxury Handbag Designers In Each Major City | StyleBlazer

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.

Why COACH, Michael Kors, Apple, GM and New Balance are Succeeding in China – Forbes

She discovered that most of Glass’s troubles were rooted in the lack of resources available for manufacturing clothing lines in Atlanta; this was also an issue for local designer Megan Huntz . “Factory Girls has a meaning that deals with the art world and creative individuals forming relationships, and that’s what attracted us to it,” Thurnher says. “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.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s