Uphill battle awaits China's domestic fashion labels despite 'first lady effect'
Across Shanghai, stores in districts such as Xinitiandi, Jiuguang and at the Super Brand Mall in Pudong have reported a growth in visits and sales.
“Last month, I gave a piece of designer merchandise to a government official as a gift. She called me and said it was not appropriate to receive gifts but after she looked inside the box and determined it was ‘not worth a lot’ she decided to accept it…I think in the future, she won’t describe a piece by a Chinese designer like that anymore,” Hong wrote.
But despite all the recent hype, Chinese brands face an uphill battle. Before the weekend, most mainland consumers were still indifferent to homegrown fashion labels, let alone Exception.
"Independent fashion designers do not have enough financial support," he told the newspaper. "They also lack experience running fashion shows."
Wang’s collections have been presented at the prestigous Milan Fashion Week, a first for a mainland designer, but back home, his brand remains largely unheard of.
Exception went viral on social media after Peng, accompanying husband and President Xi Jinping on a trailblazing diplomatic visit to Russia over the weekend, was seen wearing a number of Chinese designer labels in public.
Price points for the brand’s products are significantly higher than the average western designer brand. An Exception handbag retails for about 2,500 yuan (HK$3,100).
Women's wear firm Lancy Company and suits brand Trands both rose 10 per cent in Shenzhen and Shanghai trading respectively, while leather goods maker Kaiser increased more than 3 per cent in Shenzhen.
The brand, started by Jilin-born designer Ma Ke in 1996, has been described as one of China's leading independent labels whose simple designs combining “Chinese elements” stand out in an industry long dominated by counterfeits, copycats and an obsession with western brand names.
Fashion and brand experts believe Peng's status will help generate more international awareness for budding domestic fashion brands which have been marred by a bad reputation.
“Local brands are realising that the mainland consumer is increasingly more sophisticated…they will not settle for just any brand with a western name,” said Franklin Yao, chief executive of SmithStreetSolutions, a corporate strategy consultancy which focuses on China.
"Western designer brands like Louis Vuitton and Gucci must also try to differentiate themselves in the China market and evolve their brands.”