June 2011
8 posts
3 tags
VIP Service, Subtle Localization: Retail Execs... →
Le Printemps has created Chinese-language maps, put together a tax rebate scheme, and worked with luxury brands like Chanel to create special ruby-colored handbags aimed at Chinese shoppers. Additionally, De Cesare said that his company recently arranged a trip for a group of 70 high net worth Chinese, which included personalized shopping, leisure and travel services.
4 tags
Royal Caribbean to bring giant ship to China →
“With China becoming the world’s second largest economy, nobody doubts the great potential of the Chinese cruising market. We believe that this market is entering into a record-breaking stage of development and will become one of the most important markets in the world,” Zinan Liu, Royal Caribbean’s managing director of China and Asia
5 tags
China ends 60-year ban, saddles up for horse... →
China has lifted a 60-year ban on horse racing, allowing weekly races to be conducted in the central city of Wuhan, state media reported on Saturday.
But no wagering will be permitted.
4 tags
Sage Brennan: Prestige Brands + China
sagebrennan:
China is a Demographic.
[via JingDaily]
“Chinese Shoppers Spent 400% More On Luxury Goods Overseas Than At Home”
Of the US$69 billion the World Luxury Association says Asian tourist-shoppers spent on luxury goods in Europe last year, nearly $50 billion was spent by Chinese, meaning these individuals spent four times as much on luxury goods abroad as they did at...
4 tags
Stores Push for Chinese Tourists →
U.S. retailers have rushed to set up shop in mainland China, where sales of luxury goods are expected to reach €11.5 billion ($16.9 billion) this year, a 25% increase from last year, according to consultants at Bain & Co. Yet the Chinese are expected to spend as much, if not more, overseas, according to Bain.
3 tags
The World’s Most Wanted: Chinese Tourists →
U.S. Travel Association last month proposed a plan to relax the visa system to allow for more tourists from emerging countries, including China. Steve Sadove, chief executive of luxury retailer Saks Inc., concurred, saying the U.S. is losing out on luxury sales because shopping tourists are heading to cities outside of the U.S. that have fewer visa restrictions instead of New York.
4 tags
Louis Vuitton Latest Brand To Partner With... →
In the case of Burberry and Louis Vuitton, this accessibility is key. Even if a Jiepang user can’t afford an LV bag or Burberry scarf, he or she can still collect and show off a branded “virtual badge.”
4 tags
Chinese Shoppers Spent 400% More On Luxury Goods... →
Of the US$69 billion the World Luxury Association says Asian tourist-shoppers spent on luxury goods in Europe last year, nearly $50 billion was spent by Chinese, meaning these individuals spent four times as much on luxury goods abroad as they did at home.