Ron Sneijers
Profile
Ron Sneijers
Assignment 1 - Object of the future
http://blog.sneijers.net/shanghaitanglogo.jpg
http://blog.sneijers.net/uploaded_images/shanghaitangfashion-706212.jpg
New
Shanghai Tang is ready to become China's first great luxury brand. Forget about cheap textile and DVD players. This is the next battlefield for global competition.
Replace
The haute couture apparel industry is for many years dominated by brands from the Western world. Well known brands like Gucci, Versace, Louis Vuitton, Armani, Prada, etc. are setting the pace in this high-end industry segment. In the upcoming ten years I foresee a major shift in fashion style and major fashion brands. Along with the shift in the global arena where the world is becoming more integrated and interrelated with each other. The four biggest emerging markets (according to The Economist's research) China, India, Brazil and Russia are standing at the door steps to capture a stake in the haute couture apparel industry. Emerging fashion designers especially in Asian countries like China and India are getting lots of attention from the outside world; among them some are seen as the next rising fashion designer stars.
Change
Shanghai Tang is following the tradition of established luxury labels associated with a specific national aesthetic. Brands like Armani, Gucci, Prada, and Versace have long symbolised streamlined Italian style. Chanel embodies Parisian elegance. With its current booming sales, Shanghai Tang has the chance to become the Chanel of China in the years ahead of us.
Growth
Worldwide sales have grown 43% in the last year (2005), and American sales (at boutiques in New York and Honolulu) are up 50%. In 2005, new stores opened in Zurich, Shanghai, Tokyo, and Bangkok. Currently, two more stores, in Beijing and Milan, are set to open in 2006. Shanghai Tang expect to have 30 stores by the end of 2007. A current store overview can be found here http://www.shanghaitang.com/shanghaitang/shoplocate.jsp
References
- BBC.co.uk - Low-cost China eyes luxury future http://news.bbc.co.uk/1/hi/business/4198266.stm
- CNN - Designing a global brand http://www.cnn.com/2006/WORLD/asiapcf/03/15/eyeonchina.brands/index.html
- Daniel W. Drezner - The intriguing rise of Shanghai Tang http://www.danieldrezner.com/archives/002573.html
- Emerging economies - Climbing back http://www.economist.com/displaystory.cfm?story_id=5420756
- Emerging economies - Coming of age http://www.economist.com/displaystory.cfm?story_id=E1_VQTTJSS
- Emerging economies – Grow up http://www.economist.com/displaystory.cfm?story_id=E1_PNRGVQV
- Fast Company - Fast Talk: China Rising http://www.fastcompany.com/magazine/90/fasttalk.html
- Fast Company - The Gucci Killers http://www.fastcompany.com/magazine/102/shanghai.html
- Fast Company - The Little Red Book of Branding http://www.fastcompany.com/magazine/102/shanghai-sidebar.html
- New York Times http://query.nytimes.com/gst/fullpage.html?sec=travel&res=9506E4DC1531F930A25752C0A96F958260
- Richemont in a Rut http://www.businessweek.com/magazine/content/03_29/b3842138_mz034.htm
- Shanghai Tang Corporate webpage http://www.shanghaitang.com/
- Shanghai Tang: A Taste of China http://www.businessweek.com/innovate/content/nov2005/id20051130_575911.htm
- Time Magazine http://www.time.com/time/asia/arts/article/0,9754,102476,00.html , http://www.time.com/time/asia/news/article/0,9754,98297,00.html