Bvlgari, renowned for its exquisite gemstone jewelry, luxury watches, perfumes, and leather goods, faced a significant challenge at their prime location in Union Square, District 1. Their spacious 60 sqm storefront came with an expensive VND 200 million fee per month and suffered from unnecessary clutter. Over 10 sqm of valuable space was occupied by bags, packaging materials, and marketing supplies. This clutter hindered Bvlgari’s ability to expand their display area and serve customers effectively. It disrupted the aesthetic appeal of their store and limited their ability to showcase more products, potentially affecting sales and customer experience. Bvlgari needed a more efficient storage solution.
Solution: How did MyStorage help Bvlgari expand their display area without having to rent additional space?
Realizing the inefficiency and high cost of 30 million VND to maintain their current large storage setup for packing and marketing materials, Bvlgari sought a more cost-effective solution. They turned to MyStorage, a trusted provider of flexible storage solutions in Ho Chi Minh City.
MyStorage offered Bvlgari a practical solution. Instead of spending over 30 million VND each month for 10 square meters of expensive space to store goods, Bvlgari now rents a spacious 16 cubic meter private self-storage unit (locker) at MyStorage for just VND 5 million per month. This cost-saving solution freed up space in their store and significantly reduced their monthly expenses.
Results: Cost Savings and Convenience
This strategic move resulted in an impressive 83% reduction in storage costs for Bvlgari. With exclusive access to their locker at MyStorage, Bvlgari can retrieve their materials at any time, day or night. MyStorage’s co-working space also provides an environment for Bvlgari’s team to efficiently sort, pack, and organize their materials without distractions. This streamlined approach has saved Bvlgari a large amount of money and enhanced their operational efficiency. It allows them to focus more resources on customer service and business growth. The newfound space in their store enabled them to create more attractive displays, drawing in more customers and potentially increasing sales.
The Story Was Not Just About Storage!
One amazing thing about MyStorage’s partnership with Bvlgari is that it goes beyond mere storage solutions — it’s about enhancing operational efficiency and enabling business growth. In addition to providing secure and cost-effective storage space for their materials, MyStorage offers some additional services such as inventory tracking and fulfillment. For fulfillment services, MyStorage staff will assist in retrieving goods from Bvlgari’s locker, packaging and delivering as requested. By outsourcing these tasks to MyStorage, Bvlgari has effectively liberated their internal resources, empowering their team to concentrate on core business activities.
Flexible Storage Solutions
During peak seasons, such as busy summers when Bvlgari experiences high demand and needs more storage space, MyStorage responds swiftly to accommodate their urgent needs. With facilities strategically located across Ho Chi Minh City, including An Phu, Thu Duc, and Dong Nai, MyStorage helps to scale up Bvlgari’s storage capacity. They charge only for the actual volume of space used each month. When demand decreases, Bvlgari can easily downsize back to their original storage size, paying only for the space they require. This flexible approach ensures Bvlgari has the necessary storage resources when needed, eliminating unnecessary costs.
The Trustful Partner
Over the years, Bvlgari has maintained a trusted partnership with MyStorage for their storage needs. This collaboration demonstrates the effectiveness of storage solutions in driving business efficiency and success. By choosing MyStorage, Bvlgari not only achieved substantial cost savings, but also unlocked the potential to elevate their brand presence and customer service capabilities.
Ready to Sparkle with MyStorage?
Whether you’re a global luxury brand like Bvlgari or a local business looking to optimize storage, MyStorage offers customized, cost-effective options to suit your needs. Our comprehensive services include secure and safe material storage, inventory tracking, and fulfillment. These services ensure your business operations run smoothly and efficiently. Our flexible storage solutions adapt to your changing needs, providing the space you need when you need it without unnecessary costs.
Contact us today and let’s create your own success story with MyStorage!
