Friday, 18 October 2013

Stroili Italian Jewels widens distribution target following inflight sales success


 ‘Stroili dresses every woman’s soul - jewellery that captures the personality of every woman.’

Within months of entering the travel retail sector, Stroili Italian Jewels has become one of the hottest names in airline retail with its jewellery sets becoming top sellers where listed. On Emirates a bangle and ring set is selling exceptionally well at US$270, while a cuff and ring set on KLM is consistently a best seller. Qantas and Etihad is also listing Stroili with excellent results while Eva Air is listing a Chic Embrace necklace at 189€. The company says many of the ‘top 50’ airlines are very interested in placing orders once new collections are shown later this month.

The company is now looking to expand distribution. ‘We decided to approach the travel retail market in a step by step, strategic way and grow organically. We did not want to run before we could walk,’ says Stroili CEO Maurizio Merenda. ‘We believe it has worked because we have come into the channel with a jewellery range that is really “new” and different – absolutely not “same old, same old”. We realise that the airline channel has to be managed carefully and have ensured that we have honoured all our commitments – able to deliver on time and in the required quantities.

‘With this ongoing success, we feel the time is now right to expand our distribution into airport retail stores and cruise-ships. We are already present with Bahrain Duty Free and Kuwait Duty Free through Jashanmal and have our own store at Milan Malpensa which we handle directly. However, we believe there is huge potential waiting for us.’

As a company, Stroili has shown massive growth over the past decade with extraordinary sales increasing with a turnover result of €200m in the last year. Today Stroili is Italy’s leading jewellery brand, known for its iconic and wide ranging designs, covering diamond, 18k gold, silver 925, watches and fashion jewellery collections. The company is also Italy’s leading jewellery retailer and is fast becoming one of the world’s hottest brands with a rapidly growing international presence. Significant investment in the brand includes a massive advertising and tv campaign, fronted by internationally renowned top model Isabeli Fontana. The slogan of the campaign is “Dress in Stroili”: the fascinating Isabeli shows how Stroili jewels can dress a woman and cater for every aspect of her character. Stroili jewels are objects of desire that captures the personality of every woman at the different moments in her life.

‘Travel retail is an excellent channel in which to drive sales growth domestically,’ continues Merenda. ‘For example, our listing on Qantas has definitely sparked interest with retail groups in the Australian domestic market, where currently Stroili is not that well known.’

Targeted at the 20-45 age group with a core RRP in travel retail sector of €199 to €250, the appeal from the brand comes from ‘its newness, glamour and fashion product design, sophisticated packaging and pricing appeal’. ‘Stroili’s philosophy is one of a kind in that it enjoys the challenge of combining established principles and values with striking, original shapes, simplicity with the most sophisticated savoire faire, elegance with naturalness, sensuality with feminine tenderness. The idea is that each day a woman can create a completely new look and style which reveals her unique and multi-faceted personality,’ continues Merenda.

For travel retail the company offers a wide range of collections including Chic Embrace, from which a bracelet and ring set are listed on Emirates, Evanescence, Desire, Marrakech, Innocence, New Moon and Silver Lace. Designs include intricate lace filigree and delicate macramé looks, cut out shapes, intertwined rings and wire effects. Pieces include long layering chains, pendants, bangles, chunky cuffs and adjustable rings. Earrings are small and delicate or big and bold statement pieces, while designs combine contemporary modern and traditional styles.

Gold – yellow or rose – and silver plated options include matt and shiny versions with unusual satin and scratched finishes that create a true point of difference. Flowers, hearts, leaves, rings and interwoven spheres dominate designs. ‘Currently we are promoting our fashion collections ( set ) which carry retail price points from €199 to €250, but the point is that we can meet the needs of every passenger profile with our extensive offer.’

Importantly, Stroili is able to adapt existing collections and create special editions for individual customers. ‘If we know that a product essentially works then we can customise it with exceptionally fast time to market. Our creativity is unsurpassed in the jewellery world and we are not phased by volume requirements. What’s important is that we listen to our customers and when we know what they want – we deliver it.’

Alongside its women’s jewellery, Stroili also sees real potential for other ranges as well, including watches and its men’s Jewellery line, where steel dominates with edgy or understated looks as desired. And elsewhere too, there is definitely a growing interest by men for jewellery. ‘There’s just very little out there in travel retail,’ says Merenda.

Stroili’s partner in the travel retail business is LCG-SKYLink.

For information please contact Mrs. Vittoria Vitaloni - Wholesale Division Email: wholesale.division@stroilioro. com Mobile: +39 366 7741937.

Press enquiries: Row Holland, Essential Communications. Tel: +44 (0) 208 4058109. Mobile: +44 (0) 7710 21984. Email: row@essentialcommunications.org

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