日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Companies

Revlon kisses China goodbye

By Wang Zhuoqiong (China Daily) Updated: 2014-01-03 07:42

Revlon kisses China goodbye

A screen shot of Revlon's Chinese website, Jan 2,2014.[Photo/icpress.cn]

Cosmetics and beauty products maker Revlon Inc's decision to exit the Chinese market comes from having a failed marketing strategy, single distribution channel and weak products that don't meet local needs, experts say.

The New-York based company is leaving China after 37 years and will shed 1,100 jobs as part of cost-cutting measures, the company announced on Tuesday.

Most of the job cuts will be in China, where Revlon's operations make up only 2 percent of the company's sales, which have been falling. Revlon declined to comment on Thursday.

Global sales dropped 1.3 percent to $1.02 billion in the nine months ended last September, compared with the same period in 2012.

Revenue in Asia decreased 3.5 percent to $166.8 million during that time.

The departure from China will save Revlon $11 million a year, the company said on Tuesday in a regulatory filing with the US Securities and Exchange Commission.

Revlon has seen major turnover in executives this year, with CEO Alan Ennis resigning in October, replaced by interim CEO David Kennedy and in November by Lorenzo Delpani.

The company also announced a new CFO, Lawrence Alletto, in July after its former chief financial executive, Steve Berns, joined US media company Tribune Co.

In China, Revlon holds less than 0.1 percent of the skin-care market and about 1 percent of the makeup market, according to data from Kantar Worldpanel China.

Jason Yu, general manager of Kantar Worldpanel China, said lack of investment in brand building in terms of marketing and advertising has resulted in lower exposure of its brand to consumers. Meanwhile, competitors such as Procter & Gamble Co, L'Oreal Groupe and Unilever Group have poured money into advertising in traditional and new media.

In addition, Revlon's limited efforts to develop innovations for Chinese consumers also contributed to its failure, said Yu. For example, some international brands have developed BB cream, a hybrid product somewhere between skin care and makeup, which has proven to be popular among Asian consumers.

Men's skin-care products also have developed faster in China than in Europe and United States.

"Only selling what is available in your home market in China is not good enough," said Yu. "You have to understand local consumers and make products here according to their needs."

Revlon's single distribution channel - mostly at makeup counters of large department stores - also deprived them of more interactions with Chinese consumers, Yu said.

"Distribution channels rule the beauty and cosmetic market in China," he said. "Revlon is barely visible in channels such as supermarkets and online retailers."

Both skin-care and makeup segments in China have grown in the past 12 months, 9.4 percent and 8.5 percent, respectively, from a year ago, Kantar Worldpanel China data show.

"Cosmetics are still an emerging industry, and it takes time to cultivate consumers' habits, as well as making the effort to go into lower-tier cities and quickly responding to local needs," Yu said.

...
...
主站蜘蛛池模板: 日韩免费在线视频观看 | 日韩在线视频网 | 九九热这里 | 一区亚洲| 国产精品美女www爽爽爽视频 | www欧美日韩 | 午夜爽爽 | 午夜久久久久久久久久影院 | 伊人黄| 国产九九在线 | 国产精品一区久久久 | 一级二级三级在线观看 | 欧美一区二区三区视频在线 | 超碰com| 欧美人与性动交g欧美精器 久久久午夜精品 | 国产精品久久久久久久久久久久久 | 日韩午夜激情 | 国产日韩在线免费观看 | 欧美天堂在线 | 国产精品成人一区二区三区 | а中文在线天堂 | 天天干天天爱天天操 | 成人免费毛片果冻 | 欧美日韩中文字幕一区二区三区 | 激情视频激情小说激情图片 | 看av在线| 91久久精品国产91久久 | 欧美日韩在线视频免费 | 欧美亚洲天堂网 | 国产黄色免费大片 | 欧美国产日韩一区二区三区 | 在线观看黄 | 日本欧美一区二区三区 | 日韩毛片一级 | 亚洲a网| 亚洲一区欧美一区 | 日韩二三区 | 免费看黄色一级视频 | a在线观看免费 | av资源网址 | 久久国产精品视频 |