The Across-the-Board Launch of La Chapelle’s Partnership Incentive Programme

HONG KONG, Jan. 15, 2015 /PRNewswire/ — Shanghai La Chapelle Fashion Co., Ltd. (“La Chapelle” or the “Company”, stock code: 6116.HK), one of the largest fashion apparel companies in the Chinese mainland, today announced its across-the-board launch of the Partnership Incentive Programme, aiming to drive employees’ motivation and boost sales.

La Chapelle’s partnership incentive programme treats every sales staff as a “store partner” and allows sales staff to share corporate profit based on the store’s sales. Under the programme, the salary will be “directly linked to sales performance” instead of the previous “fixed salary + bonus”. A percentage of the store’s annual sales, which is set by the Company based on the store’s sales record, will be reserved as the total annual salary package to be shared among all staff working at the store. In addition, in order to encourage the stores to achieve better sales than the Company’s annual sales target, the store managers are given the right to determine headcount and work shift according to market changes. Each store has become an autonomous management and operation center to maximize operational efficiency.

The Company has implemented the partnership incentive programme in over 300 existing stores nationwide since December last year. During the trial operation period, it was found that the sales staffs are highly motivated and work closely to drive sales, setting new sales records time after time. According to the latest statistics of the Company, a majority of the trial stores have achieved YoY growth in three metrics: sales, total salary as a percentage of store’s sales and average salary. The Company is planning to implement the programme in all of its stores, and at the same time evaluate the actual implementation performance to further improve and enhance the programme.

Mr. Wang Yong, Executive Vice President of La Chapelle, said, “As a leading multi-brand fashion group in China, La Chapelle is committed to innovation and prompt response to market changes. The main purpose of the partnership incentive programme is to make our employees realize that they are the real masters of our enterprise, so as to enhance their sense of belonging, motivation, creativity and responsibility toward the Company. The programme solves a number of bottleneck problems in corporate management, for example lowering employee turnover rate, shortening inventory turnover and improving customer service quality. It enhances operational efficiency to serve new customer group and improves customer satisfaction, which are crucial for improving our overall sales performance.”

About Shanghai La Chapelle Fashion Co. Ltd.

Founded in 2001, Shanghai La Chapelle Fashion Co. Ltd. is a fast-growing multi-brand fashion group in the PRC, which designs, markets and sells apparel products with a focus on mass-market ladies’ casualwear. The Group strives to offer customers the latest fashions at competitive prices through a wide range of apparel products under 8 brands, namely La Chapelle, La Chapelle Sport, 7.Modifier, Candie’s, La Chapelle Homme, La Babite, La Chapelle Kids and Pote. The Group directly controls and operates 100% of its nationwide sales network. As at 30 June 2014, the Group’s extensive nationwide retail network comprised 5,671 retail points located in approximately 1,900 physical locations, comprising mainly department stores and shopping malls, in cities across all 31 provinces, autonomous regions and municipalities in the PRC. In August 2014, the Group launched its O2O strategy to integrate traditional physical stores with online channels.

Website: www.lachapelle.cn

Global Leaders Identify Critical Issues to Overcome Economic Development Challenges at the Economic Development Innovation (EDI) Council Meeting

— Organizations reconvene to solve economic development challenges through a collaborative approach at identifying global best practices

MOUNTAIN VIEW, Calif., Dec. 9, 2014 /PRNewswire/ — Following the inaugural Economic Development Innovation (EDI) Council conference organized at Frost & Sullivan’s flagship Growth, Innovation & Leadership (GIL) Silicon Valley event, the Council reconvened for its first quarterly web conference on November 12th, 2014.

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The web conference began with case studies on visionary leadership and its importance in economic development innovation. The Council went on to review and vote on critical issues in economic development.

Five critical economic development issues were voted to be included as part the Council’s research agenda for 2015:

  • Bridging the Digital Divide
  • Innovative Education
  • Smart Development
  • Affordable and Disruptive Healthcare
  • Attracting Investments

The Council will reconvene each quarter, encouraging members to share best practices and propagate innovative solutions to ongoing global challenges. Of the five critical issues, Bridging the Digital Divide will form the center of the Council’s focus for the first quarter of 2015. The next quarterly EDI Council web conference will take place on March 11, 2015 at 10:00 a.m. EDT.

To register for the next EDI Council web conference, click here. Join Frost & Sullivan’s Economic Development Innovation (EDI) Council Group to interact with this global community of economic development leaders.

“Visionary leadership from economic development agencies can be transformative in driving growth and solving critical issues,” said Frost & Sullivan Chairman David Frigstad. “The collaborative learning and sharing model adopted by the Council is a powerful way to address approaches to solve global challenges.”

The EDI Council also identified a set of accelerators associated with the critical issues to spur economic development. The following are the set of accelerators:

  • Digital Transformation
  • Technology Transfer and Intellectual Property Protection
  • Public Private Partnerships
  • Localized, Ownership Based, Collaborative & Leadership Driven (L.O.C.A.L) Healthcare Transformation
  • Implementation Focus & Excellence

“We are thrilled with the ability to catalyze and accelerate disruptive approaches to global change. We look to expand the breadth and scope of the EDI Council to facilitate deeper discussion, cooperation, and thought leadership,” said Frost & Sullivan’s Global Vice President- Economic Development Innovation, Sath Rao.

About the EDI Council

The Economic Development Innovation Council is a global body of Economic Development Organization (EDO) leaders who are committed to the growth and success of the EDO sector. The Council does this by uniting EDOs from across the world to deliberate on key global challenges, exchange best practices and share success stories.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Corporate Communications – North America
P: +1.210.247.2481
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E: ariel.brown@frost.com

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Frost & Sullivan: Industrialization Fortifies Safety Culture and Demand for Mining PPE in Emerging Countries

— Cost optimization, product adaptation to regional needs, and lean manufacturing essential for PPE companies to penetrate these markets

MOUNTAIN VIEW, Calif., Aug. 6, 2014 /PRNewswire/ — The recovery of the mining industry following industrialization in emerging economies and investments in mining to support the demand for metals and commodities have brightened prospects in personal protective equipment (PPE) globally. Multinational mining companies bring with them a strong safety culture, which trickles down to the small companies and service contractors, in turn, enhancing the uptake of PPE in developing nations.

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Additionally, regulatory authorities such as the Mine Safety and Health Administration (MSHA) have publicized several fatal and non-fatal accidents in mines further affirming the importance of safety and PPE usage.

New analysis from Frost & Sullivan, Analysis of the Global Mining Industry PPE Market, finds that the market earned revenue of more than $2.26 billion in 2013 and estimates this to reach $2.78 billion in 2018. Product segments covered in this study are above-the-neck and respiratory protection, protective gloves, workwear, protective footwear, fall protection and gas detectors.

For complimentary access to more information to this research, please visit: http://bit.ly/1v6ZthG.

The mining industry is likely to remain an important end-user sector for the PPE market globally due to its high level of occupational hazards. However, developing countries currently lack proper regulatory enforcement. For instance, most Southern African countries have no specific PPE legislation for the workplace, and implementation of existing laws is neither strict nor continuous.

Additionally, environmental concerns related to greenhouse gas emissions have caused countries in the US and parts of Europe to increase use of green energy sources and biofuels. Government subsidies for green energy adoption have constricted coal mining budgets in turn hampering PPE demand.

“As developed markets are relatively mature for mining PPE, growth is expected to be driven by the emerging economies of China, India, CEE, Africa and Latin America,” said Frost & Sullivan Chemicals, Materials & Food Senior Research Analyst Aparna Balasubramanian. “China accounts for approximately 50 percent of global mining employment, which makes it a significant market for mining PPE.”

The market situation is expected to change with increasing safety awareness among employers. This translates to higher need for training and therefore, manufacturers will have to develop competence in this area.

Participants can gain an advantage by establishing broad distribution networks. They can set themselves apart and optimally tap market opportunities through price competitiveness, timely product delivery to remote mine sites, as well as by offering technical assistance and superior customer service.

“Cost optimization, product adaptation to regional market needs, and lean manufacturing are essential for global companies to gain penetration in fast-growing emerging markets,” noted Balasubramanian. “Multi-product offerings and close customer interactions are the other key competitive factors that could entrench them in the market.”

Analysis of the Global Mining Industry PPE Market is part of the Materials (http://www.chemicals.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Strategic Analysis of the Western European Above-the-neck PPE Market, Strategic Analysis of the North American Above-the-neck Personal Protective Equipment Market, Analysis of the Western European Protective Footwear Market, among others. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on “the next big thing”

Register:         Gain access to visionary innovation

Analysis of the Global Mining Industry PPE Market
ND3E-39

Contact:
Ariel Brown
Corporate Communications – North America
P: +1-210-247-2481
F: +1-210-348-1003
E: ariel.brown@frost.com

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