Posts Tagged ‘china’
by Christina Lee on July 15th, 2009
As various companies and one recent study shows, China may soon rise to become one of the top markets for cosmetics and toiletries in the world.
RNCOS, an India-based market research firm, estimated that China’s cosmetics and toiletry market rose to an estimated $16.9 billion in 2008, as the country’s GDP soared. With such growth in consideration, the firm expects the market’s value to surpass $28 billion by 2012.
Color cosmetics and men’s fragrances have all taken off in China over the past year. Increased spending, driven by more disposable income and awareness of such products, have in turn called... Read more »
by Jonathan Staley on July 14th, 2009
What you will find at this year’s ASD Las Vegas:
Value & Variety
Encompassing the Upper & Lower Levels of the Las Vegas Convention Center, Value & Variety is the place to go for the best VALUES on apparel, convenience items, household and outdoor goods, electronics, military & personal security merchandise and SO much more. The selection of merchandise will impress you, the prices will delight you.
Gift & Toy
Sands Expo Center -Lower Level – Looking for incredibly priced, margin building merchandise that allows you to wow your customers and make a profit? Then, start at the Lower Level... Read more »
by Christina Lee on February 18th, 2009
While stirring up many cries for fair trade practices over the past few years, China has become a notorious source for cheap apparel and textile production.
But as other countries – namely Vietnam and Cambodia – rise in hopes of seizing its industry role, China’s growth rate has finally slowed down. This change is now the subject of the third and latest issue of FIBER, a bi-annual online magazine created by the University of Delaware’s Department of Fashion and Apparel Studies, while funded by the U.S. Department of Education.
“Although China is the world’s largest supplier of apparel items, accounting... Read more »
by Rebecca Button on May 15th, 2008
The earthquake tragedy in China is only the most recent example of how harmful disasters can be. Not only are they costly in human lives and sheer destruction but also in the number of businesses that will never open their doors to customers again. Disaster can occur on a smaller scale as well such as burglary, fires, hardware crashes and many more.
A White Paper produced by HP and SCORE reveals that about one-third of all respondents to a survey in the paper said they backup their data rarely, if at all. Most of the rest did it less than... Read more »
by Leeia Ladipoh on April 28th, 2008
If you run a retail business, you may be very well aware of how the rising value of the Chinese Yuan is affecting your bottom line. Many products for sale on the U.S. retail market are purchased from China. It used to be that purchasing these items was always a great deal, because the U.S. dollar was strong while the Chinese Yuan was weak.
However, times have changed.
The Yuan has been creeping up over the past year and is continuing to gain strength, while the Dollar is struggling in the world market.
For retailers, the impact is crystal-clear. It... Read more »
by Carrie Hinkel on February 8th, 2008
For businesses interested in importing products, attending a trade show in China is the best place to start. You’ll have the opportunity to visit thousands of booths – meeting with suppliers, seeing and testing products, and talking to other buyers. You’ll feel a lot more comfortable with the importing process after attending a show, and chances are you’ll be ready to place your first purchase order with a Chinese manufacturer or trading company. To help ensure that your trip to China is a success, here are some tips to help you prepare for the visit:
Create a product binder –... Read more »
by Carrie Hinkel on December 31st, 2007
If you’ve been thinking about doing business with a Chinese company (perhaps importing their products), but are worried because of the seemingly endless stories of overseas scammers, then read on. Just like in the U.S., there are tons of scammers in China just waiting to take your money and run. However, it’s pretty easy to spot these fake businesses with just a minimal amount of research.
Never take your potential business partner’s word that they are an established company. Always verify them by checking several sources, including:
Chinese yellow pages listing - This is a good place to start. Most... Read more »
by Carrie Hinkel on December 20th, 2007
It’s easy to see why more and more business owners are showing an interest in importing, mainly from China. E-commerce is booming and all that competition means price wars, and importing goods in bulk allows companies to get big price breaks. Although, receiving those discounts means getting through the risks first.
As cynical as it may sound, the two biggest pieces of advice when importing are: trust no one and do your research! There have been too many horror stories of buyers losing money, getting fakes, damaged goods or never getting any shipment at all to think that something like... Read more »
by Carrie Hinkel on November 19th, 2007
More U.S. companies are working with Chinese vendors because of the discounted price on a variety of products. Some of these business relationships will work out, and others will not. Just like when dealing with American companies, there are Chinese companies that are good, and others that are in the business of taking your money and giving you shoddy merchandise in return.
To ensure that the Chinese vendor you’re interested in doing business with is trustworthy and reputable, you need to do an extensive background check as well as some online research before you place an order or give them... Read more »
by Leeia Ladipoh on October 16th, 2007
A lot of small businesses looking to source products are headed over to China, where a potential labor force of well over a billion people along with a low cost of living and general good enterprise means a lot of products available at low costs. Making trips to China are usually part of an exercise in due diligence; you need to make sure that the products you are going to be selling are of good quality.
Traveling abroad is fun, but it can also be nerve-wracking. When it comes to a product sourcing trip to China, you will have three... Read more »