Factory Girls want to put the Southeast on fashion map | A&E Feature | Creative Loafing Atlanta
Likewise, at a downtown Shanghai outlet of Kering SA (KER) s Gucci, a light pink Soho leather shoulder bag was discounted 30 percent to slightly more than 12,000yuan, about the same price as a similar bag inthe U.S., Bloomberg Businessweek reports in its Sept. 1 issue. Several forces are fueling the price slides. Sales in China of goods from Europe s most prestigious fashion houses have been damped by the governments anti-graft campaign, which has curbed gift-giving.
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 effect of taxes and a price markup means luxury branded items end up costing 50 percent more in China than in Europe, said Sanford C. Bernstein analyst Mario Ortelli.
The Best-Selling Luxury Handbag Designers In Each Major City | StyleBlazer
Others use the eBay-like site Taobao operated by Chinese e-commerce giant Alibaba. Sometimes, Zhang secures her clients an even steeper discount by buying items in Oregon, a sales tax-free U.S. state where she used to live. 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.
China Fashionistas Get Best Deals on Gucci, Hermes Bling - Yahoo Finance
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.
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 gorden batik jogja 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!
Shoppers or smugglers? China crackdown on 'daigou' boom - CNN.com
"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. 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.