Chinese Firms Invent “Foreign” Brand Names

Many domestic Chinese companies want to project a more foreign (exotic) image. So, they have created brands that are not perceived as Chinese.
As reported by Dan Levin for the New York Times:
“Eager to glaze their products with the sheen of international sophistication, many homegrown retail brands have hit upon a similar formula: Choose a non-Chinese name that gives the impression of being foreign. Chrisdien Deny, a retail chain with more than 500 locations across China, sells belts, shoes and clothing with an “Italian style” — and a logo with the same font as Christian Dior’s. Helen Keller, named for the deaf-blind American humanitarian, offers trendy sunglasses and classic spectacles at over 80 stores, with the motto ‘you see the world, the world sees you.’ Frognie Zila, a clothing brand sold in 120 stores in China, boasts that its ‘international’ selection is ‘one of the first choices of successful politicians and businessmen’ and features pictures on its Web site of the Leaning Tower of Pisa and Venetian canals.”
Click the image to read Levin’s full story AND to access a slideshow on Chinese retailers.

 

 

Posted in Global Retailing, Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 3: Targeting Customers and Gathering Information, Part 4: Store Location Planning, Part 6: Merchandise Management and Pricing, Part 7: Communicating with the Customer | Tagged , , , , , | Leave a comment

2014’s Most Popular Posts at Retailing: From A to Z

In 2014, there were about 260 posts made at Retailing: From A to Z by Joel Evans. They were viewed by people in 130 different countries. Thank you! 🙂
These were our most popular posts in 2014 (listed by total views). If you haven’t yet read them, please take a look at whatever interests you:
The Evolution of the Retail Barcode
Retail Strategy Lessons from McKinsey & Co.
Is BMW’s New High-Tech Selling Approach Going to Be a Winner?
What Factors Most Influence Purchase Decisions?
Wal-Mart’s New ‘Checkout Promise’ and ‘Price First’ Private Brand
Is Price the Major Shopping Driver? Not According to a New Study
A Look at Kearney’s 2013 Global Retail Development Index
How to Have a Better Online Store
Store Associates and Customer Relationships
Customer Expectations: A New Shopping Infographic
A Target Ad on Walmart.com? Really!
Coldwater Creek: From Retailer of the Year to Liquidation
The State of U.S. Shopping Centers
How Retailing Is Evolving in the 21st Century
What’s Next for Traditional Stores?
An Infographic Look at the Future of Retailing
Fast Company’s 2014 Ten Most Innovative Retailers
The Growth of “Me-Commerce”: A Discussion and Infographic
 

 

Posted in Career Useful Information, Careers in Retailing, Global Retailing, Online Retailing, Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 3: Targeting Customers and Gathering Information, Part 4: Store Location Planning, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing, Part 7: Communicating with the Customer, Part 8: Putting It All Together, Social Media and Retailing, Technology in Retailing | Tagged , , , , , | Leave a comment

Better Determining Profit

Do you have a good handle on your profits? Looking for a different perspective? Well, here’s one.
The Retailer Owners Institute has produced a resource titled “Retailer’s Profit Finder.”  As ROI notes:
“The typical accounting package lists expenses in alphabetical order. From Advertising, to Auto Expenses, then Bank Charges, and so on. Lines and lines of separate expense items, all detailed to the penny. How useful is that?  Is this designed to inform? Or, to confuse and confound? No wonder few retailers will spend much ‘quality time’ with their financial statements.  But, there IS a simple trick that will let you make sense of all that data. At The ROI, we call it The PROFIT Finder.”
“Simply re-organize the individual expenses on your P&L into 5 ‘buckets’ of expenses. Then calculate each bucket, or category, by its percent of total sales.”
Click the image to access  a Retail Owners Institute slideshow on this topic.

 

 

Posted in Part 5: Managing a Retail Business, Part 8: Putting It All Together | Tagged , , , , , | Leave a comment