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PRESS RELEASE
or
trend-forward,
and
targeted
at
the
top-end
market
segment,
LifestylePhilippines is nonetheless distinctive in its being current and trendy because of its
superior craftsmanship, material quality and character, and commercial value and appeal,
thus providing unique options and vast product diversity to the NY Now visitors comprising
both importers and retailers across all of the 50 US states.
Explaining how the Philippine exhibits captured a lot of market attention that could be
converted into export sales, Gaetos said:
The NY Now proved to be a very good entry point in promoting LifestylePhilippines
in the US. Buyers were looking for diversity and fresh designs. Retailers were looking for
sources other than local. They are drawn to diversity and freshness of product as well as
material. Again, our strategy of a curated booth design worked to our advantage since most
of the other exhibitors under Artisan Resource used standard booths and were not presented
well. Buyers therefore were naturally drawn immediately to our booth.
Being largely produced in traditional, non-mechanized or partly-mechanized way, the
Philippine exhibits were classified under the artisanal resource, which is a unique showcase
by itself. However, precise volume quantification and valuation of this artisanal home and
fashion accessory market is difficult because of the largely handcrafted nature of its products
that are not identified separately in the main international system for trade statistics, or the
Harmonized Commodity Description and Coding System, and the worlds varying definitions
for handicrafts.
Nonetheless, an online published report for the United States Agency for International
Development (USAID) surveyed the sales of the US distribution system, including direct-toconsumer channels, all totaling to some $60.5 billion in 2004 alone.
The report included jewelry, but clustered it under wall dcor and apparently did not
cover fashion and costume jewelry, whose total sales in the US was said to have increased
from 1999 to 2000 by 5% to $39.8 billion, and in the EU in 2003 to $25 billion.
Fashion and costume jewelry, including belts and bags and all other items in various
home and fashion product categories can be produced in the Philippines using natural and
indigenous materials and crafted in the distinctly creative Filipino way, Gaetos said.