OmniaLuo, Inc Gains Traction in China`s $25 Billion Women`s Luxury Apparel Industry
Released on: March 12, 2008, 10:07 am
Press Release Author: InvestorIdeas.com
Industry: Retail
Press Release Summary: Investorideas.com New Showcase China Stock, OmniaLuo, Inc. (OTCBB: OLOU) Capitalizes on Rising Purchasing Power and Demand for Luxury Goods
Press Release Body: POINT ROBERTS, Wash., Delta B.C., March 12, 2008 - China-AsiaStocks.com, an investor and industry portal China-Asia sector within Investorideas.com, announces new showcase company OmniaLuo, Inc. (OTCBB: OLOU), a China-based company that designs, markets and distributes luxury women\'s apparel under the brand name OMNIALUO. The rapidly growing retailer is targeting China's $25 billion women's luxury apparel industry, capitalizing on the rising purchasing power in China and a strong demand for luxury goods.
OMNIALUO currently has established 187 retail stores across 32 of 34 provinces in China and expects the number of stores to increase to 264 by year-end 2008. According to industry data, retail sales in China are growing at an annual rate of nearly 15 per cent, and China is expected to become the world\'s third largest retail market by 2010.
Cindy Luo, Chairwoman and Chief Executive Officer of OmniaLuo is also the Chief Designer and is the recipient of several fashion design awards, including the \"Golden Peak Award,\" China\'s highest and most prestigious honor awarded by the China Fashion Designer\'s Association. Her passion, vision and drive have set the stage for the line to become the Chinese brand equivalent of "Donna Karan" or Liz Claiborne (News, Market).
According to an article in www.textile-info.com, "Only 10 years ago, there were few famous brands to be found in the Chinese clothing and footwear market, and domestic manufacturers had little brand consciousness. Even consumers knew little about famous international brands or manufacturers, so competition was focused solely on price and quality. However, with rising consumer demand, more domestic manufacturers began to pay attention to branding and more international brands entered China and there are now thousands of brands available, resulting in a highly competitive market."
About China- Asia Showcase Company, OmniaLuo, Inc. (OTCBB: OLOU):
OmniaLuo, Inc. (www.omnialuo.com), based in China\'s fashion capital of Shenzhen, is in the business of designing, developing, marketing and distributing fine women\'s apparel under the brand name OMNIALUO. OMNIALUO\'s apparel embodies elegance, femininity and sophistication for China\'s rapidly growing class of urban and affluent female professionals. With its rapid and strategic expansion plan, OMNIALUO plans to increase its retail presence across 32 of 34 provinces in China from its current 187 stores to 264 stores by year-end 2008. Under the leadership of Cindy Luo, the Company\'s founder and award winning chief designer, OMNIALUO is positioned to become the Chinese brand equivalent of Donna Karan or Liz Claiborne.
Investors can also visit the Company Showcase on Investorideas.com at: http://www.investorideas.com/CO/olou/ The Company's Media Presentation can be viewed at: http://www.investorideas.com/CO/OLOU/ss/default.asp
About InvestorIdeas.com, China-Asiastocks.com: InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
InvestorIdeas.com Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp. Our sites do not make recommendations, but offer information portals. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. Disclosure: OmniaLuo, Inc compensates the site $4000USD per month as a showcase company.
For More Information Contact: Dawn Van Zant 800-665-0411 Email: dvanzant@investorideas.com
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