The world’s largest fashion brands are ubiquitous. Every developed country and most every woman within yearns for a stylish handbag by Louis Vuitton, Chanel, Gucci, Hermes, Dior, Prada, or Yves St. Laurent. Across worldwide time zones and language barriers, a high-end and classy handbag requires no translation.
A handbag from either of these brands is more important than just being chic. Women in Hong Kong short on cash are using their hand bags from four global fashion brands as collateral for loans. The girl short on money between pay checks turns over her handbag for authentication via Milan Station Holdings and gets 80% of its value from Yes Lady Finance Co. When she’s able to pay off the loan, she earns back her handbag. The Wall Street Journal had this story Aug. 14, 2013, “Cash Is In The Bag, If It’s Gucci.”
What does that mean for the brand? Each has an iconic statement women want; what that means is the need for a more targeted focus on engaging with the customer and having the customer engage positively about and with the brand, called a net promoter score.
How do brands track and listen on a global scale?
We’re on the verge of a massive sea change; it’s festering. Companies are scrambling to find the next money maker to compete, to retain earnings, to be profitable, to stay clean and away from the eagle eye of Uncle Sam litigation and taxes.
Everyone is trying to make a buck; yet, the lowliest of low is regarded as the fall guy. Who is at greatest risk of toppling and never recovering? It’s not big business, that’s for sure.
It’s you, me, we, us – the consumer.Read More →
Today, the sentiment by many an American is to Boycott Rolling Stone. Is that the same reaction by its 20-something readership?
That publication put the Boston Bomber on its cover looking sultry and sexy. Why?
It’s said the editors/publishers put that teenager in the demographic of its readership and thus the publication owed it to (whom?) to cover the topic. In its defense, the magazine did say the kid became a monster on its cover albeit in small print.Read More →