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 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
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, whos collected luxury bags since she was 23. If I could do that and holiday for a few days there, why wouldnt I? China imposes duties as high as 25percent 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 gorden coklat tua 30percent for cosmetics.
Smuggling or shopping? With large amounts of money changing hands under the official radar, the trade has also caught the attention of China's customs authorities. From August 1, the General Administration of Customs has stipulated that all individuals engaged in "cross-border e-commerce" must provide a list of imported and exported items to customs. "Those who do not play by the rules will be seen as lawbreakers or even smugglers," Lu Zhenwang, chief executive of Shanghai-based e-commerce firm Wanqing Consultancy told The China Daily .
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.