• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    The Decline Of Fashion Brand

    2011/11/24 15:18:00 15

    Fashion Brands Are Fast Fashion.

    In a day, the market value shrank by HK $4 billion 100 million, which was once a Chinese consumer.

    fashion

    What happened to the enlightening ESPRIT?


    famous

    Fashion brand

    ESPRIT declined for 3 consecutive years.

    According to the latest financial report, as of June 2011, ESPRIT net profit fell from HK $4 billion 230 million to HK $79 million in the previous year, reaching 98%, and the share price also shrank by HK $4 billion 100 million in one day.

    What has happened to this brand, once a fashion enlightenment for Chinese consumers?


    Although ESPRIT was founded in 1968 in San Francisco, USA by Susie Tompkins and Doug Tompkins, the person who truly makes it globalized and become an international brand is a Chinese - Xing Li source, and his second wife is Brigitte Lin, a famous actress in Hongkong.

    To a certain extent, Xing Li Yuan can be regarded as the most influential Chinese garment industry in the world.


    In 1972, Xing Liyuan became an agent of ESPRIT. He founded the Esprit Far East Limited, which was mainly responsible for ESPRIT Asia's business. He listed the business and assets on the Hongkong stock exchange in 1993 (the name was ESPRIT Asia Holdings Ltd.). After that, the Sijie Far East acquired the brand management rights and business of ESPRIT in Australia and Europe, and bought the 63% stake in ESPRIT in 1996.

    In 1998, ESPRIT Asia Holdings Ltd. was held on the London Stock Exchange.

    list


    In 1997, the world experienced a more serious financial crisis in the last century. Many companies slowed down the pace of expansion. However, the global expansion of the global trend was at a low cost.

    In 1997, the Esprit Far East Limited acquired the ESPRIT private business held by WTL, which was renamed "the Global Holdings Limited".


    In the second year, Si Jie global joint venture with Huarun set up Huarun Huarun Industrial Co., Ltd. to further expand its business in mainland China.

    In 2002, Si Jie global bought the remaining shares of ESPRIT, and ESPRIT became the brand of the global unified management and operation. Xing Li Yuan shares 42%, becoming the largest shareholder of 00330.HK. With the growth of the global capital, Xing Liyuan also ranks among the world's 500 richest.


    In the glorious era, ESPRIT has a market value of 170 billion yuan, and its stores all over the world, most of which are distributed in Europe, the United States and other mainstream markets.

    Unlike domestic enterprises that rely on low-cost foundry to enter the world, ESPRIT has become the only brand that has been controlled by the Chinese and has global influence.


    However, since 2006, Xing Liyuan has resigned from the chairman of the board of directors of Si Jie global group and the position of CEO, and has continuously reduced the shares of Si Jie world.

    According to statistics, he reduced shares by more than 10 times, and completely sold off his stocks in 2010, totaling about HK $23 billion 328 million.


    In direct proportion to the sell-off of Xing Liyuan's stock, after the withdrawal of Xingli yuan's global management, the share price of SW global is almost the same. Its share price has dropped from HK $133 in 2007 to HK $11 today, and its market value has also shrunk from HK $170 billion to less than HK $16 billion.


    We can not verify Xing Liyuan's reasons for selling ESPRIT, but one thing, in 2006, that is, when Xing Liyuan began to cash in, the fast fashion enterprise was rising rapidly with the sudden thunder. Even the international clothing giant GAP began to feel the influence of the brand ZARA from Spain.


    At the same time, ESPRIT's performance is still in the process of slow growth, but hidden worries have emerged.

    First of all, from a strategic point of view, ESPRIT has lost its focus in European strategy and missed the opportunity to rise in the Chinese market.


    In 2007, the sales in Europe accounted for 86% of its global business. Until 2010, it accounted for more than 83% of the total.

    ESPRIT has focused on the European market, but it has not changed with the times, and has changed with the change of consumers in the market.

    After 2000, ZARA, H&M, C&A and other fast fashion brands are popular. ESPRIT's business models and styles are hard to conceal.

    {page_break}


    In China, ESPRIT sales accounted for only 11% of its global sales until 2011.

    The impact of the Chinese market on the global garment industry is self-evident. As ZARA and UNIQLO speed up the pace of opening stores, the development of ESPRIT is still unhurried.

    In China, ESPRIT has neither achieved high profit driven growth like luxury goods like LV or PRADA, nor won scale like ZARA or UNIQLO.

    After Xing Liyuan's resignation, the head of ESPRIT and the management were mostly expatriates, who lacked clear strategic planning in China.


    Secondly, ESPRIT positioning bias and lack of fashion sense.

    Even in the past, ESPRIT's positioning was still just a middle class brand, and it was far from forming the traditional and unique style of luxury brands.

    Compared with the fast fashion brand, its design is too single. It can neither lead the fashion trend nor meet the needs and tastes of consumers in different regions of the market.


    At the same time, in recent years, Europe is entering an aging society. In China, 80 is a new generation with great spending power. ESPRIT is embarrassed to be unable to meet the needs of any one of the two markets.

    A few years ago, I judged the future market of China as a gourd society. Now this trend is becoming more and more obvious.

    Consumers tend to spend more money on important products such as handbags and shoes. For some products that are not so concerned, such as T-shirts, there is a tendency to lower consumption.


    In this case, luxury goods benefited from the appreciation of the renminbi and the strong purchasing power of Chinese customers, and their performance has been rising. Under the influence of the trend, ZARA, UNIQLO, GAP, such a low priced civilian fashion, have cut a larger consumer group.

    When the consumer structure changed from the former Pyramid shape to the gourd shape, ESPRIT's positioning is just the finest gourd waist, and the lack of growth is also the inevitable result.


    Finally, the ESPRIT channel mode is outmoded, not fast nor big.

    From the perspective of channel, today, ESPRIT's channel mode is still single, mainly retail and wholesale, while direct retailing relies mostly on shopping malls. Although there are a large number of large flagship stores, the intersection of various retail formats brings high management costs and poor remanufacturing.

    ESPRIT, which has the advantage of first hand, is dragged down by many formats and multi brand operation modes. It shows that in the retail store, it can not achieve the "big store mode" of 1000 square meters, and it can not achieve the "fast fashion" requirement in the supply chain efficiency.

    ZARA, UNIQLO, GAP and so on are similar in style, mode and area. They can be replicated better, and the efficiency of the global supply chain system is high.


    All of these have led to the decline of Si Jie today. However, the Sijie global, which has decades of history, is still rich. If we can make the strategy clearer and deeper in China, I believe there is still a chance for pformation.

    • Related reading

    Hundred Round Pants Industry False Disclosure Concealed Two Lawsuits

    Enterprise information
    |
    2011/11/24 8:36:00
    13

    MIU&Nbsp; MIU: Backed By Prada, This Big Tree Grows Well.

    Enterprise information
    |
    2011/11/23 15:29:00
    17

    Adidas Trademark Competition &Nbsp; Encountering Waterloo In China

    Enterprise information
    |
    2011/11/23 15:07:00
    9

    Thailand Footwear Industry Is Pushing To Enter The Market Of Finished Products For Outdoor Shoes.

    Enterprise information
    |
    2011/11/23 14:37:00
    10

    YISHION 2012 Spring And Summer Clothing Conference Staged "Time And Space Shuttle"

    Enterprise information
    |
    2011/11/23 11:07:00
    17
    Read the next article

    CASH&Nbsp; CA&Nbsp; 2011 Shoe Series &Nbsp; Simple And Elegant Texture.

    The British brand CASH CA has gradually shifted its main force to Japan and even the Asian market, and has gradually opened up a reputation and exposure with Japanese designer Kurashi Kazuki. In this 2011 A/W series, CASH CA LOVAT TWEED HI high canvas shoes were released.

    主站蜘蛛池模板: 91华人在线视频| 亚洲福利一区二区| 丝袜女警花被捆绑调教| 色偷偷88888欧美精品久久久| 日韩欧美亚洲精品| 国产啊v在线观看| 久久久无码中文字幕久...| 香港特级三A毛片免费观看| 日韩加勒比一本无码精品| 国产成人亚洲综合| 久久久伊人影院| 美女被按在的视频网站观看| 护士系列sdde221取精| 四虎影视1515hh四虎免费| 三级理论在线播放大全| 福利电影一区二区| 在线中文字幕有码中文| 亚洲最大综合网| 爱看精品福利视频观看| 曰批全过程免费视频观看免费软件| 国产大尺度吃奶无遮无挡| 丽娟女王25部分| 精品久久久久久亚洲中文字幕| 天天躁日日躁狠狠躁欧美老妇| 亚洲精品无码你懂的网站| 19禁啪啪无遮挡免费网站| 最近中文字幕2019| 国产乱子伦精品视频| 一本色道久久HEZYO无码| 狠狠色欧美亚洲狠狠色www| 国产精品第100页| 久久精品国产清高在天天线| 色噜噜综合亚洲AV中文无码| 娇妻第一次被多p| 亚洲最大成人网色| 91手机视频在线| 成人欧美一区二区三区黑人| 人妻体体内射精一区二区| 可以免费看黄的网站| 日本一道dvd在线播放| 军人野外吮她的花蒂无码视频|