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

And steep import and consumption taxes on luxury goods bought in China have led an increasing number of wealthy locals to shop more while overseas. More from Bloomberg.com: Hook-Up Culture at Harvard, Stanford Wanes Amid Assault Alarm 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 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 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.

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

Shoppers or smugglers? China crackdown on ‘daigou’ boom – CNN.com

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.

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

Michael Kors brings luxury to the masses Luxury watch makers see growth in China Chinese luxury giant spreads its wings China warms up to luxury jets In a good month, she will buy about six bags from the likes of Chanel, Hermes, Prada, Dior and Bottega Veneta and has made purchases on behalf of about 50 customers. READ: Global luxury brands cash in on Chinese travelers First-name terms Paris-based Li, who only wanted to give his family name, earns more than $6,000 a month buying luxury items in French stores on behalf of clients back home. An MBA graduate, he has no plans to pursue a different career despite his educational credentials. “I’m a big fan of luxury products and I think daigou is a tirai jendela minimalis much easier job than others,” he said. However, Li says the business is unstable. Even though he’s on first-name terms with sales staff in stores like Hermes he can’t get special deals.

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

Factory Girls, the brainchild of co-founders Rosa Thurnher and Regina Weir, represents a different avenue for Atlanta’s creative minds, however. With the pair’s extensive fashion backgrounds, it seemed only natural to build an incubator that fosters local talent in the world of design and production. Weir became a modeling agent and talent scout after graduating from New York University with a bachelor’s degree in public policy and urban planning. She managed models for seven years while styling editorials for Esquire and Zink. Despite her success in New York, Weir moved back to Atlanta to run her family’s manufacturing business. After studying fine art at University of Georgia, Thurnher worked in retail sales and area management for 10 years while merchandising for J. Crew and Armani Exchange.