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Also it is important to know that the gross margin on our own brands are approximately twice those we traditionally realized with the Dickie brand.Generally we recently watched into new markets with our Western Durango brand, by creating the widest suede boots in the market. Employing an athletic shoe like construction, this collection for men and women appeals to traditional western consumers who we already sell to today and the will open new doors to distribution in suburban and urban markets, with special styling that appeals to the fashion sensibility of this consumer.These products were delivered in March and our key retails are reporting strong initial sell through and our reordering.
Here at Hinge, we conducted a study of 822 buyers and 533 sellers of professional services in order to understand how buyers buy services and what factors are most important to them. Through our research, we concluded that a brand is made up of two elements: your firm reputation and visibility in the market.
Other leading industry figures like Zhao Yunhu of Shenzhen Copais, Zhang Zhifeng of NE TIGER, and Jiang Qiong'er of Shang Xia are confident that Chinese brands will eventually peel wealthy Chinese consumers away from their beloved Chanel and Louis Vuitton by calling on China's history of craftsmanship. Back in 2010, Christian Blanckaert, former Executive Vice President of Hermes International, told the Chinese site BundPic that, in his view, "the perfect Chinese luxury brand would be like calligraphy a kind of pure perfection, kind of Zen. The pursuit of quality should be of primary importance. Ancient Chinese lacquer ware and ceramics were once very inspiring to [the Western world], but a more modern Chinese style needs to capture the hearts of the Chinese people themselves." To date, however, Chinese consumers themselves have proven to be more fixated on Western imports, with few aside from those interested in niche brands looking inward.