Category: Fashion

Retail News Asia is committed to providing both local and global retailers with the latest Fashion news throughout the Asian market. This on a daily base.

  • Hip-Hop’s influence on the booming Chinese streetwear market

    Hip-Hop’s influence on the booming Chinese streetwear market

    In less than 6 months, hip-hop and associated visual representations exploded into mainstream Chinese consciousness.

    Launched in the summer of 2017, “The Rap of China,” adapted from a similar Korean show saw its first season episodes viewed more than 3 billion times on the iQiyi streaming platform.

    Featuring superstar Wu Yifan, it sparked not only widespread interest in rap music, but also fueled a hip-hop-influenced, high-end streetwear obsession among Chinese youth, led by distinctive brands such as Supreme, Off-White and Vetements.

    Chinese millennials number more than 400 million and they are increasingly demanding more niche, high-end brands that simultaneously offer the comfort of logos, however discreet, while also giving young people space to differentiate themselves from previous generations.

    “I think after consuming high-end fashion brands for a long time, [traditional luxury brands] weren’t making an offering that people like, so I think brands that knew how to capture that internet generation, the millennials, are doing very well. At the core of that consuming is just wanting to feel that they belong to something,” explains Kevin Poon, who co-founded Hong Kong-based streetwear brand Clot alongside friend, actor and rapper Edison Chen in 2003.

    According to figures from Tmall, China’s largest B2C e-commerce platform, streetwear growth last year was 60 percent higher than average apparel category growth, with popular brands on the site including Aape, the youth-centered, price-conscious offshoot of Japanese brand A Bathing Ape, and British brand Superdry. Tmall’s most popular streetwear sub-categories are sneakers and hoodies.

    A report released in March from OFashion and Nielsen showed growth of streetwear consumption in China from 2015 to 2017 at 3.7 times higher than non-streetwear apparel, reaching 62 percent last year, compared with 2016.

    This intersection between hip-hop culture, street fashion, tough guy attitudes and adjacent markers of a rebel attitude, such as tattoos, is familiar over the world.

    While hip-hop from the US has been bootlegged and passed around a small underground fan base in China since the 1990s, the mainstream movement and fashion associations now connected with the genre comes from Korea.

    Following increased attention from censors, a more sanitized mainstream version of rap music, without swearing, political messaging, drug references and misogyny is now prevalent in advertising and social media and the rise of streetwear in China looks set to continue.

    SEE ALSO: FASHION ASIA HONG KONG, wrap-up and interview : Sustainable fashion: high end vs. high street.

    For brands looking to tap into these trends by partnering with associated influencers, Michael Norris, research manager at Resonance China’s consumer insights, naming and brand strategy team, Smart, says the safest bet will be to look behind the scenes, rather than affiliating with performers necessarily.

    “If they are a producer [or] a clothing designer, I would have very little hesitation in partnering with these creatives who are on the front lines of these subcultures [because] they can be a great ally to brands,” he says.

  • BORA AKSU has opened its first store locally at Marina Bay Sands

    BORA AKSU has opened its first store locally at Marina Bay Sands

    Bora Aksu, the London-based, Turkish fashion designer, has opened his first standalone store in Asia, at Singapore’s The Shoppes at Marina Bay Sands.

    Aksu’s Autumn-Winter 2018 collection launches the brand there, with pieces priced from S$500 to $2000. (US$366 to $1830). The range includes pinstripe culottes, matching blazers, velvet jumpsuits and flared pants, along with shoes, handbags – and even a $600 doll dressed in miniature versions of his clothing.

    The Marina Bay store takes up about 2000sqft on level B2.

    Aksu is gaining a following in the fashion community for his elegance, sophistication, modern femininity and “rivetingly romantic” demi-couture pieces. His clothes are stocked by Selfridges, Liberty & Co and Wolf & Badger, among others.

    The designer said that he chose Singapore for his first store location because it was the gateway to Southeast Asia.

    “Our pieces offer customers in Singapore ready-to-wear garments encompassing elaborate, exquisite compositions and luxurious tulle fabrics that represent Bora Aksu’s signature looks. Beyond an impressive roster of elegant tailored looks, Bora Aksu’s pieces are known to emote charm, intrigue and seduction which I believe will be well suited to the crowd here in Singapore,” he said.

  • Giordano slows down in Hong Kong, Macau market

    Giordano slows down in Hong Kong, Macau market

    Apparel retailer Giordano says sales growth in its key Hong Kong and Macau market has become “increasingly sluggish”.

    While the year started well, “inclement weather and fierce competition have hindered performance so far,” chairman and CEO Peter Lau said in the company’s half-year results announcement.

    “But we are confident the experienced local management team will continue to reduce costs and devise creative campaigns to outperform our competitors. This market will also continue to serve as a new idea incubator and talent development centre,” he said.

    Group sales for the first half of this year were HK$2.86 billion (US$364 million), up 9.2 per cent on the same period last year. Comp-store sales and comp-store gross profit rose by 5.1 per cent and 3.1 per cent, respectively.

    Post-tax profit was HK$254 million, an increase of 3.7 per cent, with net profit margin easing by half a percentage point to 8.9 per cent.

    Lau said the company was optimistic about its outlook for Giordano’s Mainland China business.

    “Performance in the first half … has been flat and there is some degree of uncertainty surrounding the impact of the Sino-US trade war in the imminent future. That said, our e-commerce business in China continues to perform better than the group’s average and there has also been an improvement in the performance of both our franchisees and our [stores]. We anticipate that our store network will continue to expand, but we will monitor the pace and scale in view of the macroeconomic conditions.”

    Giordano finished the half year with 2444 stores, equivalent to 2.331 million sqft of retail space throughout Asia-Pacific, 1293 of those standalone stores.

  • Bondi Venus champions affordable fashion swimwear for the style-savvy girl

    Bondi Venus champions affordable fashion swimwear for the style-savvy girl

    A vibrant, young swimwear brand launching new bikinis for the summer of 2018 ; Bondi Venus champions affordable fashion swimwear and beach clothing for the style-savvy girl about town who wants to make an impact poolside.

    The company behind the brand have almost 3 years of experience in designing, producing and distributing fine, fashion-led garments and accessories and supply some of Asia’s biggest high street retailers.

    Detail is at the forefront of Bondi Venus. Meticulous technique and an attention to extraordinary features is evident in the debut collection. Sophisticated beadwork and embellishment adorns classic bikini styles; while jewel-encrusted brooches and pretty charms facet South Beach’s own designs and prints, lending to the individual character of the range.

    The first collection from this fresh and exciting swimwear brand focusses on three key trends; ‘Bikinis’, ‘Monokinis’ and ‘Trikinis’.

    These three fashion-forward sets combine seamlessly to create a coherent collection of stunning swimwear and beach clothing. Pieces are sold as individual separates and are designed to allow for mixing and matching across the range.

    The Bondi Venus girl is typically aged 18-35, enjoys socialising with friends and looks for a bikini that not only looks great by the pool, but also steps up to the mark after sunset for a moonlit beach party.

  • Victoria’s Secret To Open First Lingerie Store In Malaysia

    Victoria’s Secret To Open First Lingerie Store In Malaysia

    Victoria’s Secret Malaysia is opening its first lingerie store in October.

    Located at Mid Valley Megamall, the first full-range store will house all of the brand’s signature collections, including Body by Victoria, Very Sexy, Dream Angels, Bombshell and T-Shirt collection, along with the athletic line, Victoria Sport.

    All the signature scents and body care collections will also be ranged – including the Pink line.

    Victoria’s Secret arrived in Malaysia in 2012, and only stocks its lifestyle collections including accessories and beauty lines at existing stores.

  • Michael Kors Holdings Limited Announces Strong First Quarter

    Michael Kors Holdings Limited Announces Strong First Quarter

    Luxury fashion group Michael Kors delivered better than anticipated revenue, operating margin, and earnings per share growth in its Q1 FY19 results, with total revenue increasing 26.3 per cent to US$1.2 billion.

    Total operating margin reached 17.9 per cent, up from last years 15.7 per cent for the period, while earnings per diluted share were US$1.22 on a reported basis, an increase of 52.5 per cent compared to the prior year.

    The Jimmy Choo brand exceeded expectations due to strong performance in footwear.

    “Our fashion leadership remains strong, which drove consumers to respond favourably to both new fashion introductions and core products,” said chairman and CEO John D. Idol.

    “Our global fashion luxury group continues to see the benefits of our long term growth strategy which is driven by both the Michael Kors and Jimmy Choo brands. Looking ahead we remain optimistic about our business for the remainder of fiscal 2019 and beyond.”

    These strong results must be seen in the context of lackluster results in the prior year, according to analyst, which saw revenues drop by a “disastrous” 8.2 per cent in the US.

    “Admittedly, the 26 per cent uplift in total revenue continues to be flattered by the addition of Jimmy Choo, but even when this is excluded, revenue still rose by a solid 8.1 per cent,” said Saunders.

    “One of the vehicles helping create a better impression on consumers are stores. Here, Michael Kors has invested a significant amount in renovating older outlets to create a more luxurious experience.

    “Early results are encouraging with a much better revenue performance coming from the refurbished shops than the rest of the chain.”

    Due to the positive result, the company raised full year adjusted earnings per share guidance from US$4.90 to US$5, and expects full year total revenue to reach US$5.125 billion.

    Michael Kors also revealed it expects second quarter to bring total revenue of approximately US$1.26 billion, with retail revenue to grow by low-single digits.

  • Sanrio x Megology launches new capsule collection

    Sanrio x Megology launches new capsule collection

    Global lifestyle brand Sanrio has teamed up with artist, entrepreneur and Megology brand founder Megan Bomgaars to create Sanrio x Megology, a new capsule collection of fashion graphic t-shirts.

    Megan Bomgaars is a self-advocate with Down syndrome who shares her life experiences to inspire and encourage others. The Sanrio x Megology collection (officially marketed with a heart symbol in place of the x) comprises fashion t-shirts and sweatshirts, produced in partnership with apparel manufacturer Jerry Leigh.

    The range combines Megan’s creative designs and motivating mottos including ‘Don’t Limit Me’…’I Can, I Will’…’Don’t Forget Your Sparkle’ with bold graphics of her favorite Sanrio characters including Hello Kitty and Badtz-Maru.

    “My partnership with Sanrio x Megology is my biggest dream come true,” says Bomgaars. “I’ve always loved Hello Kitty and now she’s my best friend! We have a lot to say with her heart and my voice!  Don’t limit us!”

    Bomgaars is one of the stars of the Emmy Award-winning A&E docu-series Born This Way, which follows a group of young adults born with Down syndrome who pursue their passions and lifelong dreams, while defying society’s expectations. The fourth season of the show premieres August 15 at 8pm on A&E in the US. Recently, she composed a popular video called, “Don’t Limit Me” about her experiences and beliefs about being fully included in her community while overcoming limitations.

    As an artist, Megan has taken a lifetime of creative experiences and turned them into a full-time passion with her Megology brand. As a surface design artist, she creates original, one-of-a-kind textiles and fabrics by incorporating unusual techniques such as dyeing with ice, manipulating fiber reactive dyes and the use of colorants. Megan’s signature techniques are fused into the Sanrio x Megology collection.

    “Megan is an inspiration to so many and her positive messages align perfectly with Sanrio’s ‘small gift, big smile’ philosophy,” says Craig Takiguchi, COO of Sanrio, Inc. “It has been a pleasure working with Megan to bring her dream collection to life. Through her creative designs and favorite Sanrio characters, we are able to continue spreading Megan’s messages of encouragement and motivation to fans of all ages.”

    The Sanrio x Megology collaboration will be available in adult, girls and boys sizes. The collection is available at sanrio.com; megology.com and in selected Sanrio stores, including the Sanrio flagship store located at Japanese Village Plaza in downtown Los Angeles.

  • Tommy Hilfiger launches a smart clothing collection

    Tommy Hilfiger launches a smart clothing collection

    Luxury-apparel retailer Tommy Hilfiger has released a “smart clothing” collection equipped with Bluetooth.

    The new Tommy Jeans Xplore smart-clothing range has Bluetooth chips embedded in the fabric, allowing the garment’s movements to be tracked by an app and wearers to be rewarded for having them on while physically visiting locations marked by branded icons on a map. Points earned in the game can be exchanged for gift cards, signed merchandise, runway shows and concert tickets, product discounts, and charity donations.

    A statement released by the brand read: “We’ve always been at the forefront of digital innovation, using technology to deliver what our customers are looking for – unique experiences and instant gratification… Tommy Jeans Xplore is the next evolution of our vision, reaching consumers where they are and inviting them to be a part of the brand experience.”

    Liron Slonimsky, CEO of technology at Awear Solutions (which developed the Bluetooth technology in the items) added: “Never before has a brand been able to understand how the consumer truly uses the product after it leaves the store. Tommy Hilfiger’s innovative history has shown that they understand what consumer engagement truly is and we knew they would be the perfect partner to launch Awear Solutions to the market.”

    Not all reviews of the new clothing concept are positive, with various articles dubbing the product line “creepy” and “ridiculous”. A Techradar.com review observed “The Tommy Hilfiger brand is usually quick to embrace new technology, but this isn’t exactly a big innovation. It’s essentially just a tracker to keep an eye on how often you wear the clothes, making it a glorified loyalty scheme.

    “Perhaps the even bigger question is how much data Tommy Hilfiger will be recording from those who are wearing the clothes and how will that be used?”

  • NBA to close its PH stores this August

    NBA to close its PH stores this August

    NBA Philippines said on Thursday it will shut down stores this month after ending its agreement with its retail operator.

    It will begin closing down its branch in SM Megamall on August 12, followed by Ayala Cebu on August 15.

    On August 30, NBA Philippines will close down its branch in TriNoma and e-commerce website, NBAStore.com.ph.

    “Fans can visit Select Nike, Titan, and Toby’s Sports Stores for NBA merchandise,” it announced on social media.

  • Canada Goose shares jump on smaller-than-expected loss

    Canada Goose shares jump on smaller-than-expected loss

    Luxury parka maker Canada Goose reported a smaller-than-expected first-quarter loss on Thursday, amid growing revenue from its direct-to-consumer business.

    The Toronto-based company reported a net loss of $18.7-million, or 17 cents, in the quarter ended June 30, narrower than analyst expectations for a loss of $22.3-million, or 21 cents. It posted a loss of $12.1-million, or 11 cents, a year earlier.

    Canada Goose shares surged as much as 6.5 per cent in Toronto in early trading and were up 4.6 per cent at $76.07 at 9:34 a.m. ET (1334 GMT).

    The maker of $900-parkas has been focused on expanding margins by taking more control of its manufacturing and retail sales. Largely cushioned from the retail industry’s struggles by its luxury pedigree, it is opening more of its own stores, pushing into China and Hong Kong, and has expanded into new product lines including knitwear.

    The company’s gross margin jumped to 64 per cent in the quarter from 47 per cent a year earlier.

    Canada Goose maintained forecasts for its 2019 fiscal year of annual revenue growth of at least 20 per cent and adjusted net income per share expansion of at least 25 percent.

    Investors have rewarded the company, with its shares up 83 per cent this year, versus a minuscule gain of 0.6 percent in the Toronto Stock Exchange’s S&P/TSX composite index.

    The company operates seven stores around the world, with another three set to open in North America by year-end.

    It said in May it will open a store each in Beijing and Hong Kong with partner ImagineX Group this fall, and will start e-commerce sales in China through Alibaba Group’s Tmall. It has said it plans to open up to 20 stores by the end of 2020.

    “Productivity across our retail store network in this off-peak period was exceptional, reducing the loss impact of our strategic growth investments and giving us a favorable tailwind for the rest of the year,” Chief Executive Officer Dani Reiss said in a regulatory filing.

    Revenue grew 58.5 per cent to $44.7-million in the first quarter, driven by the direct-to-consumer division — its own stores and online sales — which rose to $23.2-million from $8.3-million a year earlier. Wholesale revenue increased to $21.5-million from $19.9-million.

  • Pink Parlour opens new Malaysia store

    Pink Parlour opens new Malaysia store

    A second Pink Parlour location is popping up in Malaysia.

    Opening in the city of Johor Bahru inside the KSL Mall, the lifestyle concept store will offer Pink Parlour beauty treatments, as well as serving as a café and retail space, according to a press release from Singaporean owner and operator, Parlour Group.

    Inside, the store’s front area will feature a café teashop and a retail spot, selling various pink-coloured products, matching the pink aesthetic of the Singapore salon.

    Out back, Pink Parlour’s waxing salon will be located, alongside a Senses area, the company’s second foot reflexology massage outlet.

    The new hybrid store – decked out in the brand’s signature fuchsia pink – is focused on innovation, and allows consumers to enjoy a holistic shopping and beauty experience.

    The new branch will be second store to bow in Malaysia after its first store opening in Kuala Lumpur’s Sunway Putra Mall just two years ago.

    Following the success of Parlour Group’s first location, the decision to create this brand new concept store signals positive receptivity in the Malaysian market.

    Fairoz Karim, one of the company’s established franchise partners in Malaysia, will operate the location.

    “Having seen [Pink Parlour’s] encouraging growth and support in Kuala Lumpur, I am truly excited to expand the business and open its second outlet in the hustling city of Johor Bahru,” said Karim.

    “Johor Bahru Malaysia KSL Mall has proven to be a prosperous commercial space, attracting hundreds of customers looking for upscale, professional beauty services, on a daily basis.

    “I look forward to seeing what the future holds for this new location in KSL mall and continuing our mutually beneficial business relationship with Parlour Group from Singapore.”

    Founded in 2005 by Singapore beauty veteran Wendi Chan and sales maven Derrick Seeto, Pink Parlour started out from a lack of modern beauty salons in Singapore.

    Today, the group operates 15 Pink Parlour outlets across Southeast Asian metropolitan cities such as Singapore, Kuala Lumpur, Manila and Jakarta.

  • Pandora Thailand to axe staffs

    Pandora Thailand to axe staffs

    Danish jewellery manufacturer Pandora has announced it will cut 397 employees in organisational adjustments to align functions across the company and protect profitability.

    The proposed organisational changes are expected to reduce annual costs by around US$23.34 million from 2019, and will affect 218 employees based in Thailand.

    “We have made important progress on our 2022 strategy since we launched it last year, and are on the right long-term direction for Pandora,” said CEO Anders Colding Friis.

    “The adjustments we announce today will reduce complexity and free up resources that we can add to our strategic priorities. The adjustments are also – together with our procurement program – necessary to protect our profitability.

    “Sadly, the changes mean that good employees will lose their jobs, and we are supporting them in the best possible way.”

    The jewellery manufacturer also announced changes to “strengthen cooperation” between sales, marketing and merchandising; implement a centralised operations and supply chain structure to streamline manufacturing; and shift more resources to strategic priorities such as digital and e-commerce.

    Grey market

    The changes come less than a month after the company committed to reducing its retail prices in China in order to combat an emerging ‘grey market’, potentially losing revenue in a large area of growth for the company – having grown by double or triple digits each year since entering the Chinese market in 2010.

    The reduction amounted to an average of 15 per cent off retail prices, both on the online store and the Tmall flagship store.

    “This price reduction across our jewellery assortment is one element in our strategic programme to limit grey market trading of our products in China,” said Kenneth Madsen, president of Pandora Asia-Pacific.

  • Prince’s building welcomes Chanel’s COCO Neige Pop-Up Store

    Prince’s building welcomes Chanel’s COCO Neige Pop-Up Store

    It’s freezing at Prince’s Building with Chanel’s COCO Neige Pop-up store.

    Chanel has just launched its very first collection of sportswear dedicated to winter sports featured in its new pop-up store at Prince’s building.

    Australian actress Margot Robbie, new ambassador of the French fashion house, embodies Chanel’s first ever ski and après-ski collection, COCO Neige.

    Designed and shot by Karl Lagerfeld, the line combines high-tech clothing and winter-ready-to-wear for the sporty fashion conscious.

    COCO Neige incarnates both the worlds of skiing and the codes of the House.

    From multicolor tweeds and classic handbag quilting to Norwegian-inspired sweaters and mountain accessories sporting the double C, Chanel’s most iconic symbols and elements have been brightly incorporated into the sportswear wardrobe.

    This collection comes a few year after the launch of Chanel’s own line of skis and snowboards a few years ago.

  • Esprit shares shrinks after earning decrease

    Esprit shares shrinks after earning decrease

    After another profit warning, the Esprit share price tanked to just US 25 cents yesterday.

    The ever-shrinking, one-time fashion giant has delivered more bad news to beleaguered shareholders with an “update on profit warning” foretelling even greater losses this year.

    In June, Esprit said it expected a loss of HK$2.2 billion (US$280 million) based on write-downs, market exit costs – and a continuation of falling sales as customers turned their back on its overpriced product and off-point designs.

    Now the company says a preliminary review of accounts shows a loss before interest and tax of about HK$2.25 billion – loosely in line with its June projection – and a further HK$328 million write-down relating to taxation in Germany as a result of continually declining sales. That takes the projected loss out to $2.55 billion, (US$324.9 million).

    The news further battered the ailing retailer’s share price in Hong Kong trading this morning. It fell to just $1.99, a far cry from 52-week peak of $4.93, let alone the $15.86  of five years ago. The company’s market capitalisation now is just $3.9 billion (US$496.9 million).

    Final audited results for this year will be released next month.

    In June, Esprit said just over half of its projected loss results from non-cash items and one-off costs due to store closures, including the axing of its Australia-New Zealand business. It expected to post an operating loss as high as $950 million due to plummeting sales, commenting that a “decline of customer traffic” to its brick-and-mortar stores was higher than it expected.

  • Adidas likely to lose over trademark dispute

    Adidas likely to lose over trademark dispute

    Sportswear retailer Adidas has failed in its bid to prevent a Taiwanese business from registering a visually similar trademark in Singapore.

    The Intellectual Property Office of Singapore (IPOS) rejected an Adidas lawsuit against Lutong Enterprise Corp, dismissing the claim that the similarities could potentially cause confusion in the market and allowing Lutong to carry on with registration.

    Both logos feature three sloping lines, although the Lutong logo includes a circle and has lines sloping in the opposite direction to the Adidas logo.

    The principal assistant registrar wrote: “A triangle whose right angle points upwards may give the visual impression of a mountain, or at least of something grounded. A triangle whose right angle points downwards gives a significantly different visual impression, that of something en pointe, perched or being balanced.”

    The brand marks were thus judged to be more different than similar.

    Lutong’s logo was designed around eight years earlier than the Adidas logo.

    Germany, South Korea and Hong Kong have blocked Lutong from using the logo.