Senkrondata AI’s Post

🧐 What is White Label? 🔎 White label is a term used when a product is manufactured by a third party but is branded with its own logo and brand by distributors and retailers. White label or private label are often used interchangeably to refer to this trend. 📌 For example, if you go to Co.opmart supermarket, you will notice that there are many products sold under the Co.opmart brand. Does this mean that Co.opmart is manufacturing all of those products? No! They have many different companies that have processed those products and are ready to put them in Co.opmart brand packaging 📝 Some typical case studies pursuing the white label trend in Vietnam include retail giants such as Lotte Mart, Saigon Co.op, Aeon, GO! Big C (a member of Central Group), Vinatex-Mart, MM Mega Market,... With Lotte Mart starting from 2016 until now, there have been 2,000 product codes with private brands in many product categories: fresh food, dry food, household goods, fashion; Aeon Topvalu has developed 658 product codes; Co.opmart has launched nearly 500 products,... 📎 Thus, it can be seen that the trend of developing private brands is increasingly penetrating deeply into the distribution market, which distributors - retailers. #OEMservice #ODMservice #eyelashextensions #lashes #beautyblog #investment #career #lashartist #hanieeelash

Despite inflation and weak consumer spending, Japanese department stores are thriving. According to Bloomberg, Isetan Mitsukoshi Holdings, Takashimaya Singapore Ltd, and J. Front Retailing, have seen their stocks rise by an average of 55% over the past year, outpacing the broader Topix’s 18% gain. This growth is fueled by high spending from wealthier customers and strong inbound tourism taking advantage of the weak yen. In contrast, lower-end retailers, such as drugstores, are underperforming due to worsening consumer sentiment. Department store revenue increased by 13.7% in May, significantly higher than the gains in drugstores and supermarkets. Analysts predict this polarization will persist, as inflation remains a key factor in Japan's economy. Notably, Isetan reported its highest sales ever at a personal shopping event, and Takashimaya is expanding into services like overseas-themed events to cater to high-spending customers. This trend underscores the shifting consumer behavior towards minimizing essential spending and focusing more on hobbies and leisure. How do you think this polarization in consumer spending will impact the future of retail in Japan? https://lnkd.in/g9D-T23X #HalifaxWest #WinTogether #capitaladvisory #MandA #restructuring #operatingadvisory #RetailTrends #JapanEconomy #ConsumerBehavior #InflationImpact

We could characterize the sentiment of Chinese consumers during the past few quarters and heading into 2024 as "In my Discount Era" Here's why 👇🏼 By the end of November, Bestore (良品铺子), known for premium snacks, announced price cuts, averaging a reduction of 22% across 300 products, with the highest reaching 45%. In the beverage industry, COTTI COFFEE(库迪咖啡) engaged in a year-long price battle with Luckin (瑞幸), offering coffee for as low as USD 1.4 or even USD 1.2 per cup. Discount brand Hotmaxx (好特卖) is expanding its stores at a rate of 50 per month. The founder claims that "more than 90% of our products are cheaper than Pinduoduo, and we also dare consumers to compare prices online." Hema has introduced "Mountain-moving Prices” (移山价) to compete with similar products from Sam’s Club and plans to convert all 350 offline stores into discount supermarkets. In December, Sam's initiated long-term price cuts on numerous products, the fresh food platform Dingdong (叮咚买菜) opened its first outlet store, and Yonghui Supermarket (永辉超市) introduced "genuine discount stores" nationwide. Looking ahead to 2024, price competition in China's consumer market will persist. This trend is fueled by the increasing diversification of purchasing channels and brand choices as consumers become more rational. What lies ahead is a reshaping of supply chains, brands, channels, and product structures. However, price sensitivity does not equate to a compromise on quality. Most consumers will choose products with price advantages only if they maintain the same or similar quality and will not sacrifice their pursuit of a high-quality lifestyle for lower prices.

Something a bit controversial today. Is “Made in China” still taboo for premium international consumer products? This year's 618 (June 18) online shopping bonanza has revealed some fascinating consumer trends in China. E-commerce giants like JD, Tmall, and Vipshop have reported soaring demand for domestic brands. Sales of domestic Chinese brands on JD surged over 40% year-over-year. Over half of domestic brand sales came from millennials and Gen Z shoppers. Analysts say this demonstrates Chinese consumers' rising demand for high-quality, cost-effective homegrown (i.e Chinese made) products. What does this mean for international premium consumer brands? Whilst it is true that the surge in demand for local products has been most pronounced across technology and innovative electrical products, there are still trends at work here that are worth taking note of more broadly. Five or more years ago, I would have advised against international brands manufacturing product in China, even using imported ingredients such as native botanicals or essential oils etc. My advice now, given the rise in nationalism and the growing comfort of younger buyers with “China made”, is that manufacturing in China should be considered for some products. It’s not for everyone, and it’s definitely a product by product decision. But, say you’ve got a COGS issue that can’t be solved in other ways, then manufacturing your product in China may be part of the answer. I’m just saying that things are clearly changing in China, and in the minds of Chinese consumers. Food and beverage may be the last to move, but if you’ve got a personal care, natural cleaning or petcare product, then it’s definitely worth considering. “Made in China from imported ingredients” is definitely not the closed conversation that it once was. Interested to hear your thoughts. ------------------------------------------- I'm Iain Langridge 毅安 and I use my experience in China to launch and grow premium consumer brands. Follow or DM me to find out more. Photo credit: Unsplash #chinamarket #internationalbrands #madeinchina In2Asia Export

The comparative analysis of the market strategies of Kenangan Kopi reveals that differences in marketing approach play a significant role in entering a new market. Kenangan Kopi’s distinct promotional techniques, product assortments, pricing strategies, store designs in Malaysia and Indonesia emphasize the need for adaptability and flexibility in navigating diverse consumer landscapes. Kenangan Kopi’s emphasis on consumer-centric marketing approaches, catering to specific preferences and cultural values,positions it as a relevant brand in each market. This shows the importance of consumer insights in shaping a successful market entry. #MKW3444 #FieldVisit

It is certainly true small format retail is impacting the modern trade landscape. However their are greatly impacting general trade (mom & pop stores) channel who is a more direct competitor rather than large/r format retail outlets like super and hyper markets. #retail #retailchannel #generaltrade #momandpop

🔥 𝐁𝐚𝐭𝐭𝐥𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐂𝐡𝐢𝐧𝐚 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 🇨🇳 Did you know that 45% of Chinese consumers make purchase decisions right inside shops? 🛍️ In-store marketing is the secret! Here’s how top brands are winning: 1. 𝑆𝑚𝑎𝑟𝑡 𝑃𝑟𝑖𝑜𝑟𝑖𝑡𝑖𝑧𝑎𝑡𝑖𝑜𝑛: Unilever focused on key outlets such as hypermarkets and supermarkets in China's large and fragmented retail landscape first, then expanded. 📈 2. 𝐼𝑛𝑐𝑒𝑛𝑡𝑖𝑣𝑒𝑠 𝑓𝑜𝑟 𝑆ℎ𝑒𝑙𝑓 𝑆𝑝𝑎𝑐𝑒: Kangshifu, the instant noodles and beverage giant, locks in prime shelf space with retailers through free products (free cases of bottled water) and better terms if they display only its coolers and umbrellas. 💧 3. 𝐶𝑜𝑛𝑠𝑖𝑠𝑡𝑒𝑛𝑡 𝑅𝑒𝑡𝑎𝑖𝑙 𝐸𝑥𝑝𝑒𝑟𝑖𝑒𝑛𝑐𝑒𝑠: Cadbury’s “Purple Wall” and Coca-Cola’s standard in-store displays build trust. 🟣🥤 4. 𝐼𝑛-𝑆𝑡𝑜𝑟𝑒 𝑃𝑟𝑜𝑚𝑜𝑡𝑒𝑟𝑠: C-Bons uses 15,000 part-time salespeople to check, listen and try their brand. 💄 To succeed, brands employ these in-store tactics. 🏆 What’s the most innovative retailing tactic you’ve seen or heard of in China? Drop your thoughts below! 👇

My question on this topic, which I leave here for future reference, is: what will cover the gap left by department stores? AEON and Costco? Really? I feel they don't cover for that. So, is Takashimaya's target simply too old or dead? Did the need naturally disappear? Is this the reality of next 100 years, or these giants simply didn't know how to reinvent themselves both esthetically and conceptually? My take (also for future reference): Personally, I was never fond of department stores or shopping malls, seeing convenience as their only strength but lacking dynamicity, elasticity, genuineness and the underlying soul that smaller retail facilities have. Even when others found them to be great places, I never really liked them and rarely used them. (I'm not fond of trendy stores with concrete walls and raw wood counters either to be honest, but at least they meet today's young buyer's needs in terms of environmental experience.)

👋🏻🇨🇳YOOX NET-A-PORTER says Goodbye Greater China 🇨🇳! As I’m always repeating to my clients as well as during my classes, the Chinese market might become an Eldorado (was it existing?) Yoox Net-a-Porter operated in China since 2013 under a joint venture with Chinese ecommerce giant Alibaba Group which will be liquidated, according to what Financial Times reports. The partnership with Alibaba was signed in 2018 “to bring 950 luxury brands in the Country”. The question you might have is: how did this happen? Let’s start by saying that Chinese consumer market is fully dominated by Tmall and JD.COM , referring to Alibaba’s chief competitor. Moreover as Thomas Hale pointed out in the FT article, don’t forget that Alibaba invested in the joint venture to enhance its luxury credentials. Since that partnership in fact, many luxury brands as Burberry entered on Tmall with less fear. And now? Jacques Roizen could not have said it better: “The brands that have been fuelling their growth with the rise of the middle class are the ones that are exposed to the current economic environment in China”. #digitalmarketing #ecommerce #omnichannelmarketing #luxurymarket #chineseluxury