Smaller retailers are suffering from a lack of human capital

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In addition, she notes, while the nation small mom and pop stores remain entrenched, in the future they will consolidate as shop owners die out and their children decline to take over the family business. Smaller retailers are suffering from a lack of human capital. The children have gotten a higher education and have gone off to work in corporations,combined with the fact that they have fewer children than the last generation.

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Wei Tang, who works on Love team as Specialized dedicated liaison to Alibaba Group sites, says that in the first seven months of 2015, he got more than $5 million in fake inventory delisted just from Alibaba websites. Specialized knocks down about $15 million a year total in counterfeit sales, across more than 80 platforms. In a written response to our request for comment Hermes Outlet Australia, Candice Huang, a spokesperson for the Alibaba Group, said that it has more than 2,000 staff devoted to fighting counterfeit on its sites, a problem that founder Jack Ma has called cancer.

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Replica Hermes Bags Kalyani Chawla, vice president, marketing and communications of Christian Dior Couture, India, and a regular in Delhi’s party circuit, calls it a symptom of the nouveau riche culture. “Parties were about being surrounded by friends, someone playing dj, homemade food and a lot of laughter. Now it’s five star hotels Hermes Outlet Australia, professional DJs and white gloved waiters serving drinks. Replica Hermes Bags

Replica Hermes This is especially striking considering that most economists believe the renminbi is significantly undervalued. According to Xiao Qianhui, general manager of the Shanghai based Spring International Travel Agency, most Chinese tourists consider shopping for luxury goods the main purpose of a trip to France. One Chinese tourist will even buy up to 20 Louis Vuitton bags at one shop, he said. Replica Hermes

This unprecedented demand for high end branded items has actually resulted in a simultaneous increase in the fake luxury segment in astounding numbers. The Indian fake luxury market is set to double to Rs 5,600 crore from the current amount of approx. Rs 2,500 crore by 2015 as per an analysis of the trade in counterfeit luxury goods by the apex industry body, The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

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