Jing'an fashions upscale shopping avenue
11/8/2004 16:06
Jing'an District is trying to recreate Manhattan's Fifth Street on Nanjing
Road W. - one of the city's busiest streets. The district plans to open 40
shops boasting famous international brands and labels within a couple of years.
The area will start from Chengdu Road N. and continue to Xikang Road. This
summer, the district has already introduced boutique shops of brands such as
Giorgio Armani and Vacheron Constantin. Vacheron Constantin has bamboo-made
displays and store decoration is expected to be completed before October
1. "Within two years, most of the boutiques on Nanjing Road W. will belong to
the world's first or second line brands," said a director, who would only speak
on condition of anonymity, from the planning office of Nanjing Road
W. Nanjing Road W. now boasts Plaza 66, Citic Square and Westgate Mall, three
of the city's top shopping complexes. You'll also find Louis Vuitton and Cartier
- two of the world's most luxurious brands - along the strip. However, there
are still many low-end stores, such as Baleno, Giordano and Bossini across the
street. "Those low-end concept stores do not create harmony with the three
shopping centers and we'll gradually replace them," the director said. To
date, Lancome, the top-end brand of L'Oreal Group, has set up its pink concept
store - Lancome's third concept store worldwide, on the corner of Nanjing Road
W. and Shaanxi Road N. The cosmetic giant's new home forced its neighbor,
Shanghai Jingdezhen Porcelain Artware, the district's eye-catching delicate
ceramic store, to relocate one shop over on Shaanxi Road N. Jing'an District
has also gradually raised rent on Nanjing Road W. Most new stores pay 16,000
yuan (US$1,928) to 18,000 yuan per square meter per year. Last year's average
rent was about 14,000 yuan. The rental price is expected to rise even more
next year, according to the director. "We want to be different from other
shopping avenues such as Nanjing Road E. and Huaihai Road," said the director.
"Our target customers are brand lovers, not shopping lovers who want cheaper
goods." According to him, customers on Nanjing Road W. are largely tourists
and private entrepreneurs from outside the city. "They come here because we have
many top brands they want to buy," said the director. "Moreover, Chinese
customers have paid more heed to brand names when buying goods than
before." "Take modern office ladies for example, though they can't afford to
buy the top brands every month, they will buy three or four of their favorites
during the year." The Manhattan dream still has a way to go though. The
district's main problem is finding enough space for the boutique shops it wants
to attract. Most of the stores, such as Baleno and Bossini, whose rental
contract is still valid, are unwilling to relocate. Complicating things
further, the district plans to relocate residents living in houses built before
the 1930s. "We can protect those old houses when we remove the residents,
some of whom live in a residential area of just 30 to 40 square meters per
family," said the director. Although optimistic about the plan, he maintains
that things have to be done differently. "After all, Shanghainese are not New
Yorkers, we need to take care whenever we launch a new brand to make sure we're
not developing too hastily," the director said.
Wu Jin
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