IN THE NEWS

Women's Wear Daily|Jan 28, 2015

Alibaba in Hot Water With Chinese Regulators

The State Administration for Industry & Commerce released the “Alibaba White Paper” on its Web site, accusing Taobao of turning a blind eye to piracy and counterfeit products. Jasmine Sun, Smithstreet manager, showed no surprise because shoppers on Taobao are gambling that they might buy something authentic, or they just get something close enough to an authentic product for a bargain price. more

Women's Wear Daily|Oct 02, 2014

Report Focuses on China Real Estate Strategies

SmithStreet's methodology was featured on WWD that brands should not rely solely on joint-venture partners in selecting retail locations in China. Jules Falzado, SmithStreet Manager, added “In China, you have the rental fee, but if your performance is higher, they will take a percentage of sales, thus they will also know if you are not performing well.”  more

Women's Wear Daily|Aug 29, 2014

Wanda Sets China E-commerce Venture

Dalian Wanda Group announced on Friday that it has entered a joint venture with Tencent Holdings to launch an e-commerce venture aimed at becoming the dominant online-to-offline platform in China’s explosive online shopping sector. Franklin Yao, SmithStreet's Managing Partner, said to WWD that One competitive strength Wanda has over Alibaba is its relationships with brands. more

Women's Wear Daily|Aug 26, 2014

The Over 50s in Japan and China

Two of Asia’s largest consumer markets —China and Japan — face the challenge of rapidly aging populations. Franklin Yao, SmithStreet's Managing Partner, talked to journalists on WWD that the elderly are conservative consumers for whom western brands are not so attractive.  more

Women's Wear Daily|May 12, 2014

Fast Retailing Eyes Expansion of GU Brand

James Button, senior manager at Shanghai-based strategy consultancy, SmithStreet, believed that there was particular growth potential for fast-fashion brands, like GU, in China's tier-two cities, where there are not as many shopping options. Button said. "A good comparison would be Forever 21 coming in with a very prominent flagship store, which announces, 'We're here, this is who we are'." more

Women's Wear Daily|May 09, 2014

A Trip With Michael Kors to the Mainland

"Michael Kors and similarly priced brands such as Tory Burch and Longchamp stand to gain in China when consumers are looking for something a little bit different and are trying to build a unique style," James Button,  Director at SmithStreet, talked to Women's Wear Daily.  more

Women's Wear Daily|Mar 17, 2014

Alibaba Prepares for IPO in U.S.

Speaking of Chinese e-commerce giant Alibaba's pursue on an initial public offering in the U.S., Franklin Yao, Managing Partner of SmithStreet said, "Alibaba’s massive expansion is not 'window dressing' for its upcoming IPO but rather an indication that the company remains 'bullish' about the Chinese internet."  more

Women's Wear Daily|Feb 27, 2014

Analyzing Alibaba's U.S. Push

Alibaba Group Holding Ltd.’s announcement that it would launch a new e-commerce site in the U.S. SmithStreet's Jasmine said it is “not surprising” that Alibaba would venture into American e-commerce territory. She said that perhaps the company wants to learn more about the American market and also bring some of its knowledge about the sector in China to the U.S.. more

Women's Wear Daily|Dec 03, 2013

New Rules to Dictate Spending Habits of China Officials

Beijing launched new regulations on how officials should avoid extravagant spending last week. What’s the impact on luxury players? It means embracing adaptability is the key to survival, said Senior Manager James Button on Women’s Wear Daily. He believes that consumer confidence is still there, it is just now Chinese consumers are much more disciplined about how they spend and what they buy. more

Women's Wear Daily|Aug 15, 2013

Tapping Into China's WeChat Boom

With the impact WeChat is having on people’s lives and the way people are sharing information in all sorts of ways, it is an all-encompassing tool. But in terms of how brands are taking advantage of it, it is still very early on because it is so new. more

Women's Wear Daily|May 01, 2013

China E-commerce Landscape Altered by Alibaba Deal

What is missing from e-commerce in China is the ability for consumers to have an online shopping experience that feels like shopping in brick-and-mortar retail with friends. Adding Weibo to Taobao creates an experience that is closer to the offline experience. more

Women's Wear Daily|Apr 15, 2013

Retail's Concession Stand: To Lease or Not to Lease

Concession deals is a dominate trend in Europe and is becoming more accepted in the U.S. However, the in-store shop model in China is beginning to face increased competition, as more and more retailers that sell multiple brands, such as Hong Kong’s IT and Lane Crawford, begin to open up in China. more
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