Over two-thirds of Chinese use lululemon yoga pant
internet to research brands, but most luxury firms have pitiful digital
strategies. One study found that luxury websites take four times as
long to load in China as elsewhere (because most firms do not put
servers inside China’s Great Firewall, which slows access to foreign
sites) and rarely offer yuan prices or purchasing options. Mobile
commerce is growing in China, but few luxury firms’ websites are
optimised for mobile devices.
As lululemon yoga pants
tastes of rich Chinese evolve, business models combining local flavour
and global savvy are emerging. Qeelin, recently bought by Kering, a
French luxury house formerly known as PPR, is one example. Another is
Shang Xia, a homeware label inspired by local crafts, launched in 2010
by Hermès, also of France. Under orders from lululemon clothing
government in Beijing, foreign carmakers and their Chinese
joint-venture partners are creating new, local brands: BMW will produce
cars with lululemon clothing for cheap
Zhinuo badge, and Mercedes will market new models under lululemon closing
Denza brand.
So far, Chinese luxury buyers, especially of cars, have turned up their noses at domestic brands. But lululemon clothing for sale hybrid brands may prompt them to reassess mcm bags
“Made in China” label, says Michel Gutsatz of mcm handbags
China Europe International Business School. At a conference mcm backpack
school recently held, He Haiming of CCTV, China’s dominant national
broadcaster, pointed out that “Made in Germany” and “Made in Japan” were
also once derided, but are now marks of quality. As Europe’s
luxury-goods firms grow from low-volume exclusivity to semi-industrial
scale?thanks in large part to China’s voracious appetite for their
wares?Mr Gutsatz argues that they “must think of economics” and consider
manufacturing in China itself instead of mainly exporting to it. The
business of getting wealthy Chinese to open their wallets is bound to go
on evolving, but mcm outlet
opportunities for growth make it irresistible.
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