Core Insights - The article highlights the booming trend of trendy consumption, particularly focusing on the success of Pop Mart's LABUBU toys, which have seen global demand and significant price appreciation in the secondary market [2][3][4] - The nature of trendy consumption is characterized by unpredictable demand and short-lived popularity, necessitating a different operational logic compared to traditional brand marketing [2][11][23] Group 1: Trendy Consumption Characteristics - Trendy toys, or "Art Toys," originated in the late 1990s and are designed for adult collectors, distinguishing them from traditional children's toys [3][4] - Pop Mart transitioned from a general trendy goods retailer to a focused trendy toy company, leveraging industrialization to scale production and reach millions in sales [4][5] - The company has developed a closed-loop business model encompassing IP incubation, design, production, and sales, while continuously attracting influential artists [5][12] Group 2: Operational Strategies - Pop Mart's success is attributed to its ability to convert artistic creativity into marketable products, while also adhering to the operational logic of trendy brands to manage demand uncertainty [12][16] - The company employs a flexible, responsive business model that allows for rapid adjustments based on market feedback and consumer preferences [16][17] - Pop Mart has established a comprehensive sales system, including physical stores, online platforms, and social media engagement, to maximize product visibility and consumer interaction [18] Group 3: Market Dynamics - The demand for trendy products is highly unpredictable, often influenced by social trends and peer behavior, leading to a "winner-takes-all" market dynamic [8][23] - The company has successfully capitalized on the viral nature of trendy products, with significant sales spikes driven by social media exposure and celebrity endorsements [19][20] - Despite the potential for high sales, the transient nature of consumer interest necessitates continuous product innovation and brand refreshment to maintain relevance [22][24]