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The report of why brand watches sales drop in China by mike lau
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The report of why brand watches sales drop in China |
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Research,Business News
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The report of why brand watches sales drop in China In the past 5 years, the world economic situation is not good, American financial crisis, European debt crisis. In the past 30 years, the economic in China is always keeping high speed increase. More and more people became rich man in China, so we find many Chinese go to abroad and to buy luxury. In the same time, many well know brands also opened stores in China in the past years, and they really got plenty of profit. Last year, there was a serious traffic accident happened in Shanxi province because of heavy fog, dozens of people were killed or injured. Several government officers and polices went to the accident place, reporters also arrived. But a advanced officer folded his two arms and smiling. Compare to the bodies with blood, this smile photo Provoked public outrage, and a shinning gold watch dressed on his wrist. Angry people searched form internet of this officer, and found he dressed many different famous brand watches in different places, such as several AP, VC, Rado etc. Is it possible for an officer bought so many brand watches only by the salary? After several months, this officer lost his position because of corruption after surveyed, in the same time, this officer also gained a nickname “watch brother”. A moment please, this is not a single case, after several month, another officer in Fujian also lost the position also because of dressed brand watches and corruption. And there are the third, the forth case…… Do you dare to dress a piece of brand watch as an officer right now please? When premier Li Keqiang come to the earthquake Lushan, Sichuan province, the local officer took off his watch, the place on his wrist left another watch—more white skin in watch shape because of dressed watch every other day. Officers are very import customers for the brand watches in China. So, this year, the sales situation of brand you can imagine now. Franois-Henry Bennahmias from AP(Audemars Piguet) said “our sales in China will slowdown, we will more cautious.” AP have opened 22 stores in China, but closed 6 now. Michel Parmigiani form Parmigiani Fleurier( Swiss watch brand) said “some brands eager to enter the Chinese market, but they forgot consider that Chinese went to abroad to buy watches they can avoid the tax.” What’s John Cox form Kepler Capital Markets said is very correct, which is “It’s seems somewhat out of place that an officer dressed a brand watch while the central government are Combating the corruption, this surely affect the sales too.” We, Bonyuan development co., ltd not only as a professional watch manufacturer, but also attention on the watch market in the world, hope to be a bridge and do something for the watch industry communication. Please refer to www.bonyuan.com (click Services-Download) to visit more research reports.
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