An expanding market in China has become a growing challenge for fashion brands and their suppliers. The country’s rapid growth, coupled with the country’s increasingly competitive retail landscape, have made this one of the world’s largest fashion markets. Brands that operate in China face unique challenges because of its vast and diverse customer base, which makes it an excellent springboard for marketing in this globalized market. Here are a few ways you can help fashion brands survive and be prospering in China.
Understanding and responding to the changing world of fashion
It’s no secret that the fashion industry is in an exciting timeslot, but fashion brands are also dealing with the changes happening in fashion right now. After a successful decade of rapid growth and development, China’s fashion industry experienced rapid losses in the wake of the economic crisis. Consequently, many leading fashion brands have seen incredible low sales in the wake of this harsh economic environment and a corresponding drop in demand. With this current climate in fashion and the upcoming 2020 Tokyo Olympics, it’s important for brands to understand the challenges and gain an advantage in the here and now.
Collaborate with brands in China
Closing a deal with a Chinese brand is like closing a deal with any other market in the world. Because of the country’s wide variety of brands and the wide range of personalities that make up its population, it’s no secret that the market is very diverse. From contemporary to classic, you’re bound to find a variety of designs and fabrics that can fit the bill. You can also expect to find designers, brands, and businesses collaborating with local companies in this growing market.
Establish a presence in China
For many brands, China represents a potential new market. They hope to expand their range of products and services there, and to expand their reach beyond the country’s traditional clothing and accessories industries. While many brands have already established sales operations in the country, there is an increasing number of brands aiming to establish a presence in the country’s growing fashion market.
Set up shop in a city with an established brand name.
If you’re looking to expand your brand’s reach, you’ll need to open a showroom in a city with an established brand name. This can be a challenge in itself as most Chinese brands are unknown to local consumers. You’ll also need the capital to build your showroom and to operate it—which means you may not be able to open your doors in cities with established lux-oriented brands. If you want to expand your brand’s reach and are willing to take the extra step of building a showroom, enterprising Chinese individuals are making do with very little.
Have a presence online.
As the world’s largest fashion market, it’s no secret that online shopping is very lucrative for brands. But it’s not just online that fashion brands are finding success in this increasingly competitive marketplace. In addition to online shopping, fashion brands are also staging events, showcasing their stockings, and running campaigns online. For example, the 2019 Spring Collection was released online and on-site in New York City and is still running today. The brand’s mission is to inspire “a new generation of consumers through creative marketing campaigns created for the digital age.”
In an industry filled with diverse looks, skin colors, and cultures, it’s no secret that fashion is white. But that doesn’t mean that all fashion brands are white. In fact, there’s a wide range of colors and designs among fashion brands, as well as sexualities. Therefore, it’s important for brands to celebrate and promote a variety of colors, designs, and identities so that your products can still be represented in a way that’s appealing to a wider audience.
Combine brick and mortar and online buying.
As demand for your products grows, more and more people will be looking to buy them online. With this growth comes an increased need for brands to find a way to bring their products to market. This is where online shopping can be incredibly helpful. From shopping online for the latest and greatest fashion items to acquiring BCBGMAXAZ Singer’s ensembles, this is the perfect platform for facilitating online shopping.
Help your brand thrive!
brands that have established a strong footprint in China are in for a difficult season. The country’s rapid growth, coupled with the country’s increasingly competitive retail landscape, have made this one of the world’s largest fashion markets. Brands that operate in China face unique challenges because of its vast and diverse customer base, which makes it an excellent springboard for marketing in this globalized market. Here are a few ways you can help fashion brands survive and be prospering in China. – Understand and respond to the changing world of fashion. – Collaborate with brands in China.- Establish a presence in China.- Set up shop in a city with an established brand name.- Have a presence online.- Celebrate diversity.- Combine brick and mortar and online buying.- Wrapping up: Help your brand thrive! – And finally, remember that fashion is an industry where every day is a new challenge. So, don’t lose heart, adapt, and help your brand succeed.