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. I am currently co-authoring a book on Chinas consumers to be published by J. Wiley and Sons in 2014.

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

A woman carries luxury shopping bags in Hong Kong. Richemont spokesman Alan Grieve said the company doesnt comment on specific markets, while Ferragamo and Zegna staff were on summer holiday and couldnt respond to questions about the sales. A spokesman for LVMH, parent of handbag maker Louis Vuitton, said the company doesnt organize discounted sales. Kering declined to comment, and Dior didnt reply to e-mailed queries. Luxe brands excess inventory puts pressure on companies to open more than the current small number of outlet stores in China to sell discounted off-season items, said Armando Branchini , Milan-based vice chairman of Italian luxury brand association Fondazione Altagamma. Such stores tend to be in malls located far from central shopping districts, reducing the potential for harm to brands reputations, he said. Hu, the fashion-loving marketing manager, said that brands need to restrict the frequency of sales to avoid alienating luxury shoppers like her who dont want to be associated with bargain goods.

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

A woman carries luxury shopping bags in Hong Kong. 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. “It’s Hermes so no-one can get any discount unless you are a super VIP,” he said. But an anti-corruption campaign launched by Chinese President jual gorden itc cempaka mas Xi Jinping that saw Chinese sales of luxury goods slow significantly in 2013 has also hurt his business, said Li. His customers spend less than they used to as flaunting designer watches and extravagant gift giving to officials is now frowned upon.

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 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. “It’s Hermes so no-one can get any discount unless you are a super VIP,” he said. But an anti-corruption campaign launched by Chinese President Xi Jinping that saw Chinese sales of luxury goods slow significantly in 2013 has also hurt his business, said Li.

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