“East real estate” Tong Danxia Wu Yanling
I do not know when, the first choice for shopping in Shanghai, Huaihai Road is no longer.
Xujiahui, the rise of Wujiaochang to have “fame” of the Huaihai Road is facing, “the Red Sea competition.” After a long period of pain, the Huaihai Road is a major revolution quietly brewing.
No. 798 Huaihai Zhong Road, the western section of the 806 consecutive out several watches Shop: Jaeger-LeCoultre, Piaget, Cartier, Montblanc, ROGER DUBIUS, Breguet.
A larger adjustment is still ongoing.
Under the facilitation of the parties have already settled in Lippo Plaza, LV, Armani enter Hong Kong Plaza, the exact news. Huaihai Road is trying to create a gathering area of international top brands, out of the old “Red Sea competition” area, to Nanjing West Road, the Bund and other top-line luxury shopping streets.
Huaihai Road “change” is only the Shanghai Commercial Street, a microcosm of competition. In fact, around the top luxury, the Shanghai Commercial Street and luxury brands continue to be staged battle between the good show.
This is a war of no smoke, but it was life and death struggle.
LV counterattack
In Gucci (Gucci) at the Shanghai Diamond lots, 2,000 square meters out high-profile flagship store in China, immediately after the news that had settled over the years Hang Lung Plaza, Louis Vuitton (LV) will also be “expanded store” the objective of achieve at least the size of the Gucci store.
The rank in the top two in the global luxury brand “battle of wits” did not see the outcome, another Italian luxury brand coveted the Chinese market surfaced.
Just opened in June with the Gucci store across the street and looking out of this round of action brand is Prada (Prada), Hang Lung Plaza just before the regular shop occupies a Prada sales personnel to confirm: they will indeed be in the 2 months later to open a new store, the shop will have a two-layer scale.
Nanjing West Road luxury “battle of wits” is still upgrading, Louis Vuitton (LV), and not to be outdone, though temporarily defeated by the scale of the Nanjing West Road shop Gucci (Gucci), but in the battle to restore Huaihai Road, Lippo Plaza will be the LV’s next home, opened the country’s largest global specialty, will not exceed the size of Gucci store in Nanjing West Road, Huaihai Road, Gucci shop also came a Xiama Wei.
The best is also the most expensive
Location, location, location, this is a marvelous interpretation of Li Ka-shing’s investment rules, the same has been regarded as the classic luxury brands.
For the location of boutiques, Cartier luxury brand with all the same great pains. Selection of the best and most representative of the brand image of the location is the prime requisite. Hang Lung Plaza is a Shanghai landmark luxury, not a single luxury do not want to reside there. In 2001, Hang Lung Plaza with the opening of Cartier in Shanghai, formally opened its first boutiques, covering about 200 square meters. By the end of 2004, the Bund 18 newly renovated to become Cartier’s second stop point.
“Prime location, top office buildings, star hotel, this is the election of luxury brands shop shop principle,” First Pacific managing director, Zhu Zhaorong Davis told the shop “East real estate” reporter, “In fact, luxury goods Brand nothing more than a choice of lots settled West Nanjing Road, Huaihai Road, the Bund, Lujiazui. ”
Therefore, the lot has become a battleground between luxury brands. Past 10 years, luxury has been the best in the frenzy to seize the Shanghai street pavement sections. They were all holding a large amount of money, but also invariably have the momentum but assured, but every store is only one on the first floor. Top mall owners have set the rent doubled, doubled, tripled, there are still numerous business flow freely. And the tenant who – no matter how big – only two choices: accept the astronomical rents, or, they quickly moved away from the “more face” brand make room.
Luxury China
In any case can not ignore the Chinese luxury consumer market, which is derived from experience in luxury brands, particularly in calendar after the financial crisis.
The fourth quarter of last year, the international financial crisis spread to China’s retail market, both inside and outside the industry would be generally considered a luxury bear the brunt of the storm. In September this year, a survey shows that the financial crisis, China is the luxury market, the only positive growth countries.
Gengrang luxury brands can not leave China, the Chinese luxury goods consumption, according to statistics about 25% at an annual growth rate of the SU have been the last in 2008, the domestic luxury goods totaled 8.6 billion U.S. dollars, accounting for a global market / 4, is expected in 2010 to 120 billion U.S. dollars.
Such a huge market space, allowing luxury brands in China to continue to search for the best opportunities for expansion.
Gucci co-operation with the Golden Eagle Plaza is a good evidence, when the Shanghai Golden Eagle International, Chairman Roger Wang Di Marco is given to the shop frontage 2,000 square meters commitments, the Gucci chief executive and his team in 3 will be finalized within a month here, 28 out of China’s first store’s decision.
Seeking to expand the list of luxury brands can list a long string, no accident, then, Prada will be the 2009 market leader in luxury brands, their plans to raise 1.5 billion dollars. Ferragamo also plans to market this year, Versace’s footsteps away from the market is also not far away.
The shop is a luxury brand after the listing of the common choice, “compared to last year, luxury brand’s expansion in the mainland this year, more obvious intent to find the shops will be more positive attitude,” CB Richard Ellis commercial managing director, Li Pei-ling with the contact with a number of brands found. “This is similar to LV’s top luxury shop in Shanghai, the demand has been strong, but the top store to rent a small shop to become one of the reasons to postpone the expansion.”