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THURSDAY 03 SEPTEMBER, 2009 |

LV handbags pirce same with Hong Kong

by Minglou Peng

The retail price of a comprehensive secondary to LV mainland, reporters yesterday found that many luxury brands, upscale cosmetics and watches and new products in autumn and winter compared to reduce prices, downward trend generally at about 10%.World Association of Chinese luxuries Chief delegate Ouyang Khun revealed that the Department of Commerce simmers luxury tariff downward scenarios.
Once the tariff rates, domestic consumers is expected to purchase to the mainland prices reaching affordable luxury.

LV is already in July will the mainland Chinese market retail price of 2% reduction — 7%, yesterday's press in many luxury brands are discovered downward price situation.The flagship store in Gucci, some bags prices by 7%.Italian brand clothing PennyBlack and iBLUES reduction is 15% — 20%.Within the Burberry meilong town pro shop, signboards windbreaker Markdown 800 service said, this is the sign windbreaker in recent years the first price.

In addition to the garment, some upscale brand of cosmetics and watches, also joined the wave reduced. Sponsor's benefit from the downward adjustment of 3 August product price, reduction of 10% — 20%.While in Shanghai New World Showcase SK-II, its star product launch water immortal 1120 element 250 ml of bulk loading, compared to $ 215ml, 990/840/normal specifications such as 150ml, $ 0.2, per milliliter of cheap. Mr Huang SK-II brand manager for CTN admits, the bulk packaging is now cosmetics price reduction for a new way.

In on Huaihai Road in charge of a watch and clock pro shop, said the price hike in the past 5% per year — 15%, 1 — 2 times, is the practice, clocks and brands but so far include radar, Rolex, upscale brand, have not received on this year's fall and winter and next year's notice a price rise.One love table that lists do not increase the price actually is equivalent to the price.

Ouyang Khun revealed that the largest downward adjustment of tariffs in order to encourage consumers to purchase luxury in China.Journalists found that LV markdown, smart consumers pointed out that the partial LV bag has a special price is lower than the Mainland on buying price.Ms. Lee consumers to LV of PetitNoe model handbags as an example pointed out that reduced mainland counters price 6800 RMB and Hong Kong priced at HK $ 6850, since Hong Kong on buying price is often the calculation of 1: 1, and so on buying the bags prices 6850 Yuan, more than the Mainland a special price $ 50 also.

Although consumers reflect, no matter how to reduce tariffs, luxury prices have been impossible and foreign workers be impartial, if you have the opportunity, or will opt overseas shopping.

Yesterday, the reporter tried to seek confirmation from the Department of Commerce conducted, but to the closing time has not been official reply.And luxury goods companies on  lowering tariffs intends to have not been stance of the message.

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