Coretag Inc's Comment on Sales, Marketing and Customers
Various industry and market websites have reported that the handbag and purse
manufacturing industry has rebounded over the past five years, as world economic
conditions have improved and consumers have resumed spending on non-essential
items. Additionally, international trade has been a key feature of the industry,
as companies that operate in developed economies such as the United States and
United Kingdom outsource industry products from emerging economies, such as China,
to reduce costs. If the global economic recovery continues it will increase demand
on the manufacturers, suppliers and distributors.
The industry is highly fragmented. No single company is expected to make up more
than 1.0% of revenue. The market share concentration in the global handbag and
purse manufacturing industry increased slightly in recent years due to mergers
and consolidation among industry participants. The very high labor intensity of
most of the industrys production lends itself toward many small operations.
There are many well-established manufacturing, distribution and wholesale sale
companies in our industry. We hope to offer the latest styles and the highest
quality handbags to our customers, at the lowest price, so we can succeed in the
business. By us ordering directly from multiple suppliers in China, we believe
we can offer our customers the best possible prices for the similar or better
quality products.
We have entered into a supply agreement with Beyond Bags & Cases Co., LTD,
Guangzhou Xinde Leather Goods Factory and Guangzhou Xishang Co., Ltd. of China.
The material terms of the supply agreement are that we must pay 30% for the purchase
of Ladies Fashion Handbag goods before shipment, which is initially planned to
be in the United States. Until such time as we accept delivery of the products,
all risk of loss of the Ladies Fashion Handbags is on the supplying seller. We,
or our customers if the product is shipped directly to the customer, have the
right to inspect the goods on arrival and have 3 days to notify the supplying
seller of any claim for damages with respect to the condition, grade or quality
of the Ladies Fashion Handbag products. We transmit any orders received to our
supplier for shipment. Our customers are responsible to cover the shipping costs,
whether direct shipped to them or to us. Shipping costs are automatically added
to a customer’s final bill.
Some of our suppliers have product representatives and/or pick up locations in
the U.S. In the event that the product representative or location is in an area
where we have independent salespeople, the products will be picked up by our independent
salesperson from supplier locations in the U.S. and delivered to our clients.
The client also has the option of picking up the order from the supplier pick
up locations or from us. The shipping costs to our U.S. location would be passed
on to the client.
Coretag Inc’s Comment on Sales, Marketing and Customers
Various industry and market websites have reported that the handbag and purse
manufacturing industry has rebounded over the past five years, as world economic
conditions have improved and consumers have resumed spending on non-essential
items. Additionally, international trade has been a key feature of the industry,
as companies that operate in developed economies such as the United States and
United Kingdom outsource industry products from emerging economies, such as China,
to reduce costs. If the global economic recovery continues it will increase demand
on the manufacturers, suppliers and distributors.
The industry is highly fragmented. No single company is expected to make up more
than 1.0% of revenue. The market share concentration in the global handbag and
purse manufacturing industry increased slightly in recent years due to mergers
and consolidation among industry participants. The very high labor intensity of
most of the industrys production lends itself toward many small operations.
There are many well-established manufacturing, distribution and wholesale sale
companies in our industry. We hope to offer the latest styles and the highest
quality handbags to our customers, at the lowest price, so we can succeed in the
business. By us ordering directly from multiple suppliers in China, we believe
we can offer our customers the best possible prices for the similar or better
quality products.
We have entered into a supply agreement with Beyond Bags & Cases Co., LTD,
Guangzhou Xinde Leather Goods Factory and Guangzhou Xishang Co., Ltd. of China.
The material terms of the supply agreement are that we must pay 30% for the purchase
of Ladies Fashion Handbag goods before shipment, which is initially planned to
be in the United States. Until such time as we accept delivery of the products,
all risk of loss of the Ladies Fashion Handbags is on the supplying seller. We,
or our customers if the product is shipped directly to the customer, have the
right to inspect the goods on arrival and have 3 days to notify the supplying
seller of any claim for damages with respect to the condition, grade or quality
of the Ladies Fashion Handbag products. We transmit any orders received to our
supplier for shipment. Our customers are responsible to cover the shipping costs,
whether direct shipped to them or to us. Shipping costs are automatically added
to a customer’s final bill.
Some of our suppliers have product representatives and/or pick up locations in
the U.S. In the event that the product representative or location is in an area
where we have independent salespeople, the products will be picked up by our independent
salesperson from supplier locations in the U.S. and delivered to our clients.
The client also has the option of picking up the order from the supplier pick
up locations or from us. The shipping costs to our U.S. location would be passed
on to the client.
Sources:
Coretag Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Coretag Inc’s corporate clients.
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