Monday, May 24, 2010
Luxury items will sell in China
The newest Louis Vuitton bag that retailed for $3700 but marked at $4200 was sold out in 3 days at a department store in Beijing. Clinique items are always out of stock even if they're marked at 30% above retail. When my cousin Chloe's boss found out we were coming from the US, she asked us to bring her 3 Coach bags each priced at $298 (which she found considerably cheaper than the $400 price tag in China). Pictured are some of the hottest makeup brands that not only sell, but are selling like hot cakes among young adults. The point is, there's a market for any luxury item or brand in China, and these items tend to be MUCH cheaper in the US. Just market it well, and you're bound to profit handsomely.
Who wants to do some brainstorming with me?
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