2014-12-23 10:26
Amore Pacific: homonymous high-end skincare market experienced Waterloo
CNDSN December 23rd news [] (selling 100) South Korean cosmetics giant amore Pacific recently with its title brand AMOREPACIFIC impress foreign customers failure, especially lucrative China market. The company confirmed on Monday, last month, AMOREPACIFIC has withdrawn from the lucrative South Korea duty-free shops, this is another change from Japan after the withdrawal of. At present only four stores were retained, one is in Inchon international airport. "This is a fact, high-end AMOREPACIFIC positioning, and other popular brands, such as snow compared to show and Hera, the Is it right? Have good prospects of gain," a company spokesman said. "We will continue to seek selective marketing for AMOREPACIFIC brand. The new strategy, its luxury image we will improve, and improve customer satisfaction." The name AMOREPACIFIC advanced skin care brand, is a global brand of 2002 amore group launched in the overseas market, mainly used to deal with the Lancome and Estee Lauder competition. In spite of the USA successful soft landing, but the brand is not in the crowded Japan market. After years of lackluster sales, the company recently decided to make the brand from Japan, one of the world's largest cosmetic market. "In the past ten years, we in the Japanese department store's turnover has been negative growth," in October this year in Shanghai held a press release, amore Group Chairman Xu Qingpei truthfully told reporters. "We will pay more attention to promote (low-end) brand to enter the Japanese young people." Another reason behind may be its failed to attract customers in China, South Korea's largest cosmetics foreign customers. Largely due to snow show performance soared, snow show based on traditional Korean medicine, Chinese tourists in the brand effects, the company's duty-free sales have more than doubled in the third quarter, to $178000000. In the meantime, duty-free sales accounted for almost 20% of the total sales volume. But the AMOREPACIFIC brand in China is still very few people know. "This is a strategic decision, in the developed countries such as the United States and Japan launched the brand. But finally achieved the effect is not amore Group wish, "the unnamed industry sources. "AMOREPACIFIC is likely to remain a target niche market brand. Considering the rapid growth of the Chinese market, the company will invest more resources into China and surrounding countries. " The spokesman also said that the company has no immediate plans to launch the AMOREPACIFIC brand in China, adding that the recent opening of the Hongkong store will act as a barometer of the market performance. * (original title: amore Pacific: homonymous high-end skincare market experienced Waterloo) Editor: small Shen |