Flagship store: the birthplace of luxury goods
In recent years, the world’s top brand competitively to China expanding business, flagship store have mushroomed. Represents the grade and wealth senior clocks and watches, jewelry manufacturer kadeya, since 1992, began operations in China in China at present already 3 boutiques, more than 30 sales outlets. Kadeya again this year plan in China, they are respectively 7 boutiques in Harbin, guangzhou, shenzhen, hangzhou, Shanghai and dalian. In addition, some world top class brand kadeya also plans a year in China in the future business expansion. High-grade dress brand Prada (Prada) plan before the end of next year newly opened in 15 flagship bvlgari jewellery store; Men’s clothing brand in their existing Zegna plan 42, on the basis of retail stores in more than ten cities open again two flagship store and 16 smaller stores; But the world’s largest luxury subsidiary of LVMH group bvlgari is planning to open in China this year four flagship store.
Flagship store the earliest originated in the United States. Right now, the most prosperous area in open flagship store is the international popular way, this also is of top class brand practices. The establishment of large quantities of flagship store in China, is the affirmation of high-grade brand market. According to the Chinese brand strategy, China’s current association of luxury consumer crowd had already reached 13% of the total population. Monthly income of 2 million to 5 million yuan, should this part is relatively typical luxury bvlgari jewellery. By 2010, the crowd will grow to 2.5 billion people. In the international consultation industry prestigious KPMG consulting company, recently released a study on Chinese consumer market research report, the report says China is booming consumer market, the report also shows that the vast majority of respondents in China of foreign companies operating consumer goods, expects optimism over the next five years will achieve earnings stage.
In China, the money spent on luxury about 90% is by the hands of men. However, the world’s largest high-quality goods company LVMH (mott – hennessy Louis – eph Eaton corporation) in Asia investment company but think, more Chinese women started buying famous brand products to show their independence status and good feelings. China brand strategy association, a country luxuries that consumption growth probably should have is its GDP growth around the two times. Therefore, when Asian face suddenly increased wealth without hesitation, then choose “fugui logo” — luxury to show that their new economic and social status, it is a very natural psychological needs.
In China, people on luxury goods compared with the attitude of a few years ago has undergone a fundamental change. Several years ago, people still oppose any boast properties of luxuries. But today’s Chinese people, especially young people, this is like to show off their social status. Buy luxury goods are under 40 most of the young people, and in developed countries, this is the market leader in 40 years – 70 years old in old people. Morgan Stanley analyst Claire. Kent said, in the west, people buy brand is very careful, only those who “circle” to recognize this is famous brand, while in China, people of brand-name street-cred, show everywhere, as if to say, “look, how rich I am!”
In Shanghai jinjiang there is often have a customer purchase riley to crystal (LALIQUE) accessories as gifts. Riley to crystal to most person is not familiar names, but its price has an affair: ordinary a chalice to sell to four thousand yuan, a vase thousands of yuan, the price can set the price of coffee equipment 40,000 yuan is reached. In the past few somebody gifts, the invoice enclosed together will. But, if this gift from jinjiang, have the giver is probably attach invoice.