{"id":39982,"date":"2019-08-02T11:00:55","date_gmt":"2019-08-02T11:00:55","guid":{"rendered":"https:\/\/seoagencychina.com\/?p=39982"},"modified":"2021-07-22T03:36:37","modified_gmt":"2021-07-22T03:36:37","slug":"yves-saint-laurent-conquers-china","status":"publish","type":"post","link":"https:\/\/seoagencychina.com\/yves-saint-laurent-conquers-china\/","title":{"rendered":"Yves Saint-Laurent conquers China"},"content":{"rendered":"\n
The Yves Saint-Laurent<\/strong> brand has never had such good days on the Chinese market. <\/span>A few months ago, the brand was marketed on JD’s Toplife platform.<\/strong> Com. This e-commerce<\/strong> strategy has allowed the brand to reach more consumers. <\/span>Also, the new YSL beauty store in Guangzhou<\/strong> is a great example of how high-end beauty technology<\/strong> can empower brands to interact with today’s buyers.<\/span><\/p>\n\n\n\n Saint Laurent, owned by the Kering Group<\/strong>, signed a partnership with Chinese e-commerce giant JD.com<\/strong> <\/a>a few months ago. Com, at a time when online sales in China is becoming a major issue for luxury brands.<\/strong><\/span><\/p>\n\n\n\n Saint Laurent, which became Kering’s second brand behind Gucci and ahead of Bottega Veneta<\/strong>, was marketed on Toplife, JD’s platform. Com dedicated to luxury goods.<\/span><\/p>\n\n\n\n It was launched in October 2017<\/strong> and offers its customers high-end services including the possibility of being delivered within the day.<\/strong><\/span><\/p>\n\n\n\n Toplife competes with Luxury Pavilion<\/strong>, another luxury platform opened earlier by Alibaba, China’s number one e-commerce company.<\/strong><\/span><\/p>\n\n\n\n It claims, on its website, the sale of Burberry<\/strong> or Hugo Boss<\/strong> products.<\/span><\/p>\n\n\n\n The rise of e-commerce<\/strong> is a major contributor to the rebound in the luxury sector, which has been late but largely converted to e-commerce.<\/span><\/p>\n\n\n\n The sector is also benefiting from the rebound in demand in China<\/strong>, driven by renewed consumer confidence<\/strong>, smaller price differentials with Europe<\/strong>, and taxes to combat the parallel market<\/strong> for digressing<\/a><\/strong>, those buyers who resell cheaper than in China, genuine products purchased in Europe.<\/span><\/p>\n\n\n\n French luxury beauty brand YSL opens its world’s largest flagship store in Guangzhou<\/strong>, China.<\/span><\/p>\n\n\n\n <\/span>The new retail space is an excellent example of how high-end beauty technology can enable brands to better interact with buyers (who now live in a fully digitalized era).<\/strong><\/span><\/p>\n\n\n\n The store introduces several interactive activities<\/strong> that aim not only to sell products but also to educate consumers about the rich history of the brand. Inside the store, YSL has installed an<\/strong> Instagrammable wall “LOVE”<\/strong> so visitors can take pictures with it as well as the very first YSL “unmanned” lipstick machine in China.<\/strong><\/span><\/p>\n\n\n\n <\/span><\/p>\n\n\n\n According to KPMG forecasts, half of all luxury purchases in China will be online by 2020<\/strong>. Louis Vuitton, owned by LVMH and Gucci (Kering); The world’s top two luxury brands<\/strong>; opened their sites in China last summer. With an annual average growth of 27%<\/strong> over the past six years, Saint Laurent saw its sales reach the one billion euro mark in 2016; $1.2 billion.<\/strong><\/span><\/p>\n\n\n\nI) Yves Saint-Laurent and e-commerce<\/a><\/span><\/h3>\n\n\n\n
A) YSL marketed on Toplife<\/span><\/h3>\n\n\n\n
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B) E-commerce, an indispensable<\/span><\/h3>\n\n\n\n
II) The world’s largest flagship YSL Beauty store<\/span><\/h3>\n\n\n\n
III) A rise in brand power<\/span><\/h3>\n\n\n\n