Posted by admin | Posted in Rolex Watches | Posted on 05-05-2011
Mr. Sham: Our in-house brand has become more essential because us since 1995. Now, we have over 10 in-house brands. We can target different buyers and markets. We find this is more amenable and by more amount points.
China is Hong Kong from many years ago. People who are into form can’t supply designer brands, so our in-house brands are a nice attempting for them. And in China, there aren’t also many platforms yetmalls or street level storesthat are appropriate for imported designer brands. That’s why there, we’re more focused aboard in-house brands. Right immediately, it’s a 50-50 split (in revenue from in-house brands and from imported brands). Our target in the coming 3 to 5 years, I want to get [the in-house share] to 70%. 
Imported brands? We haven’t stopped distending. But the pace is alter. It’s more gradual. These brands need exclusivity and they need definite (cache) contexts. But our in-house brands,Vacheron Constantin Les Historiques Watches, we can work into ministry stores,Rado r5.5 – R28 886 20 2 watch, alternatively stores in malls, alternatively construct our own flagship stores. In-house brands is really our focus in China. And the margin, of lesson, is path better with our own brands.
WSJ: Where does the enterprise watch maximum of its growth?
Mr. Sham: We want to have 30% growth in China in terms of the district of our selling space (and our sales). In Hong Kong, we’ll have expansion, but it’s no as hasty. In Hong Kong,Vacheron Constantin Les Historiques, we can expand 10% in sales; in China 30% or more. That is our target.
WSJ: Hong Kong namely so dense and competitive. What tin I.T do to boost mart share?
Mr. Sham: You can mention Hong Kong is very saturated but the market size is still very big. Our market share is merely almost 5% to 6% of the overall market. I still think we have some spaces we can produce better revenue. That’s why we’re always attempting fashionable notions to distend our market share.
When the mainland Chinese premier came over to Hong Kong, they were buying watches, jewelry and luxury brands. But after a few yearsstarting 2 annuals agoour bargains from mainland China tourists have become quite premonitory. We’ve also built up a name in China and when they come, they understand our brands already40% to 50% of our bargains in some Hong Kong stores come from them.

