Core competencies: Strong brand name: with brand name better known than rolex, bvlgari or tiffany Control of the entire value chain: raw material procurement, design, production and marketing Only company that partnered with worlds three diamond miners: high BTE in this section for competitors as they cannot offer expensive rproducts. Current: autions Largest network of retailing Proprietary IT systems that gave it real-tieaccess to POS data throughout Greater China and monitor sales and inventory movement Strong membership programme: 32% sales from members Trend: rising income (middle income from CNY16300 to CNY37300) expected to jump from 235 milion in 2010 to 330 million in 2025 and urbanization e-tailing: major driver in spurring consumption in lower-tier cities. Currently there are not enough local stores and consumers still preferred to shop in first-tier cities. The e-commerce will help meet demands for goods that traditional stores had not yet managed to deliver. In 4th tier cities, the average online shopper was alr sending 27% of their disposable income through e-tailing (alibaba, JD.com, weibo STRONG) Robust GDP growth of china of 7% in 2013 Product: gem-set jwelr, gold products, and diamonds to platinum pieces We are a mass luxury brand with wide product range to fulfill our customers dreams during their different life stages Tailor its marketing programs and product lines to celebrate the diff milestones I the lives of its customers Pricing: mass luxury: 2000 to 100000 Luxury: >100000 Youth collection: <2000, ecommerce Current: China: 53% of revenue Franchise arrangement Births, anniversaries, new business, graduations, and some Chinese holidays: CNY, chinses national day, valentine buy and giftin gold
Aim: number-one brand in mainand china, the most trustworthy Asian