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how to see the luxury in china
- Thread starter hoktsui
- Start date
Very complicated question...
without hearing about the LV store closing, i would have told you the situation of the luxury markets in general was fine. Even with the crisis and all that, I have read Bernard Arnault and Yves Carcelle say they are still going to keep growing in double digits (as they've been doing in recent years). They have stated that even if the european and north american market could suffer the consequences of a finantial crisis, the significant growth of other markets like russia, china, japan, dubai, and other countries that concentrate more and more money everyday in a few hands was gonna keep them out of trouble.
However, closing a store is no good sign... it's of course no terrible news, as they have tens (if not hundreds
) of stores in the country , but it's something to keep an eye on.
Do we know why the store was closed? maybe they are just opening another one in a better area/building. there could be other reasons to shut it down, non negative-profit related
it really seems surprising... no other label has closed yet?
without hearing about the LV store closing, i would have told you the situation of the luxury markets in general was fine. Even with the crisis and all that, I have read Bernard Arnault and Yves Carcelle say they are still going to keep growing in double digits (as they've been doing in recent years). They have stated that even if the european and north american market could suffer the consequences of a finantial crisis, the significant growth of other markets like russia, china, japan, dubai, and other countries that concentrate more and more money everyday in a few hands was gonna keep them out of trouble.
However, closing a store is no good sign... it's of course no terrible news, as they have tens (if not hundreds
) of stores in the country , but it's something to keep an eye on.Do we know why the store was closed? maybe they are just opening another one in a better area/building. there could be other reasons to shut it down, non negative-profit related
it really seems surprising... no other label has closed yet?
nothing to worry about apparently! i can't read more, because i dont have a WWD account, but here's what i found.
So besides this tiny anecdote, situation of luxury markets in china seems to be doing VERY VERY VERY well, no?
EDIT: don't you scare us like that you bad hoktsui!
you really worried me for a minute 
i'll try to find more articles on the evolution of the market in china... just gimme a minute
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no articles needed. this page pretty much says it all
http://www.chinaluxurysummit.com/
if you google the words luxury and china, about 800000 results come up, the top 20 are pretty positive. if you do the same search in google news, you get things like 75% of luxury hotels booked booked for the olympics, china keeps growing, china is superrich, and so on...
very good point kezme... india the new china.
and there couldnt be a more similar country to evolve in a similar manner, cause even i've we are seeing countries like dubai grow exponentially everyyear, and russia being more and more important to the luxury conglomerates, they are both countries that in cultural and demographic aspects, have nothing to do with china.
China however is a lot more similar to india, and the former could be used as a very good case-study to optimize the break-in of the big labels in the new market.
http://www.chinaluxurysummit.com/
if you google the words luxury and china, about 800000 results come up, the top 20 are pretty positive. if you do the same search in google news, you get things like 75% of luxury hotels booked booked for the olympics, china keeps growing, china is superrich, and so on...
very good point kezme... india the new china.
and there couldnt be a more similar country to evolve in a similar manner, cause even i've we are seeing countries like dubai grow exponentially everyyear, and russia being more and more important to the luxury conglomerates, they are both countries that in cultural and demographic aspects, have nothing to do with china.
China however is a lot more similar to india, and the former could be used as a very good case-study to optimize the break-in of the big labels in the new market.
for the bags were not attached leather samples which the bags were made of, this was requested by chinese country standard for leather goods.
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I would like to know, in this case the truth behind.EDIT: don't you scare us like that you bad hoktsui!
The Chinese market is seen as a very promising. Corporate public relations and media operations of the Chaore.
Here should not just heard about the source of network news coverage. Do not tell me you saw all true.
Concern may wish to start a luxury store in China in the actual operation of shops. This is not a small part of the unpleasant things, but most.
Sales in private bids for goods and limited commodities, sales unauthorized transfer of goods, maintenance of goods, can take on the same day. Shenzhen stores to buy goods store in Shanghai tell you is fake.
Street_a_Licious
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it's so hard for me to decipher what you're trying to say.....
but honestly, China is one of the few markets where luxury sales are constantly increasing.
but honestly, China is one of the few markets where luxury sales are constantly increasing.
