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.

  • Aerin Beauty introducing its fragrances

    Aerin Beauty introducing its fragrances

    Lifestyle brand Aerin Beauty has arrived in Singapore, introducing its fragrance collection at The Shoppes at Marina Bay Sands.

    Founded by Aerin Lauder, a granddaughter of Estee Lauder, the brand also has beauty and home decor products, which may be introduced later.

    There are nine scents in the collection, each available as eau de parfum sprays or rollerball bottles as well as body creams.

    Each bottle has been designed drawing inspiration from the founder’s everyday life and featuring natural elements such as flowers and stones.

  • Paul & Shark sportswear opens Elements flagship

    Paul & Shark sportswear opens Elements flagship

    Paul & Shark sportswear has taken more than year to reach the city after landing at Hong Kong International Airport with a boutique store.

    Its new a flagship at Elements mall in Tsim Sha Tsui covers 140sqm and features a minimalistic design in white with the brand’s iconic blue using mirrored steel, marble, metal, glass and wood.

    To mark its opening, the brand presented a photo exhibition by Chinese visual artist Chen Man focused on the shark spirit. It will be open until the end of Tuesday.

    A special guest at the official opening was Hong Kong Women’s Federation honorary president Pansy Ho. Paul & Shark is donating a share of the proceeds of sales to support the federation, which supports women’s leadership and gender equality, and protects women’s legal rights.

    Paul & Shark was founded in 1975 and is distributed in 73 countries and 458 cities, including Singapore.

  • Singapore eyewear market looking at U$400m, says report

    Singapore eyewear market looking at U$400m, says report

    The Singapore eyewear market is expected to reach US$400 million in value in the near future, says a new study.

    The Ken Research report notes amplified demand for premium eyewear brands as consumer awareness grows, with an emphasis on individualisation.

    “The market is transitioning toward a large number of diverse products and short product cycle,” says Singapore Eyewear Market by Type (Spectacles & Contact Lenses), by Sunglasses and Eyeglasses and by Sales Channel – Outlook to 2021.

    Also, the market is set to benefit from a $49 billion merger announced by spectacles maker Luxottica and lens manufacturer Essilor, especially with an expected strong demand for prescription spectacles and sunglasses because of an aging population and increasing awareness about eyecare.

    The research also notes a 1.3 per cent increase in people with myopia. The aging population has also strengthened demand for spectacles to correct presbyopia and for ready-made reading glasses. Presbyopia has increased by 3.3 per cent.

    Despite continuous growth over the past five years, e-commerce has only a meagre share of the Singapore eyewear market, says the study.

    While more than 75 per cent of customers prefer to buy eyewear products at optical shops, higher use of mobile devices and the internet have encouraged major companies to start offering their products online, the latest being Owndays and Zoff.

    The report also provides information on frames, glass, contact lenses and distribution channels as well as major industry players.

  • Miu Miu pop-up lands at Harbour City

    Miu Miu pop-up lands at Harbour City

    The Miu Miu Lady pop-up exhibition is in the midst of its Hong Kong stop, part of a global tour.

    At the centre of the Miu Miu pop-up are two giant handbags decorated with the jewel buckle for which the Prada-owned brand is renowned.

    The Hong Kong pop-up is located at Harbour City where it will remain until November, before the installation is packed up and shipped to Macau where it will be erected at Galaxy macau Resort from November 25 to December 10.  Already, the display has run at Kuala Lumpur, Shanghai and Nanjing.

    Readers can watch the time-lapse video of the Miu Miu pop-up being built here.

    In Hong Kong, a limited edition green version of the bag is exclusively available at the pop-up shop.

    Miu Miu hosted a cocktail party to launch the pop-up early this week.

    Besides the oversized bags, the pop-up features a series of short movies portraying the history of the Miu Lady bag.

  • Asia helps Moncler apparel revenue climb

    Asia helps Moncler apparel revenue climb

    International markets, including Asia, helped produce double-digit growth for Moncler outdoor apparel brand in its first nine months.

    Its interim figures show revenues of €622.9 million (US$724.9 million) for its international markets, up 18 per cent (or 19 per cent at constant exchange rates).

    Asia Pacific accelerated in the third quarter, says the company, thanks to strong performances and organic growth in the retail channel as well as network expansion including the relocation of the Hong Kong Harbour City store to a flagship on Canton Road.

    Both Japan and Korea had double-digit growth.

    Overall, consolidated revenues for the nine months rose 15 per cent to €736.8 million (16 per cent at constant exchange rates). For retail revenues the rise was 19 per cent (20 per cent) to €477.8 million, which Moncler attributes to organic growth and the development of its monobrand retail store network.

    With rapid evolvement in the luxury goods industry, consumers are running along paths far different to the past, at times breaking well-established moulds, says Moncler chairman/CEO Remo Ruffini.

    “Engaging this consumer means using new tools and codes alongside more traditional approaches. I believe it is essential, today more than ever, to look ahead with even more boldness and courage. For this reason, we are working on important new projects.”

    As at the end of September, Moncler’s monobrand distribution network comprised 195 directly run stores, an increase of five, and 48 wholesale shop-in-shops, up six units. Of these, 95 were international, with two additions.

    Moncler was founded in Grenoble, France, in 1952 and now has its headquarters in Italy. Ruffini took over the company in 2003.

  • Nike CEO says Undifferentiated, mediocre retailers won’t survive

    Nike CEO says Undifferentiated, mediocre retailers won’t survive

    Sportswear giant Nike has a message for its thousands of retail partners around the world: shape up or ship out.

    Speaking at an investor day in the US yesterday, Nike brand president Trevor Edwards outlined a step-change for the iconic business in the way it deals with its retail partners, saying that “undifferentiated, mediocre retailers won’t survive,” and committing Nike to “moving away from this over the next five years.”

    Nike, which currently has 30,000 retail partners globally, plans to select around 40 “differentiated retailers”, such as Nordstrom, Footlocker and Amazon, for special collaborations and branded space in-stores.

    No-names were mentioned in terms of who might be on the chopping block in the coming years, but the company is drastically stepping up its direct-to-consumer efforts as part of its plan to reach its $50 billion annual sales target by 2020 – a goal set in 2015 that investors have previously expressed scepticism about.

    To service its ambitions Nike laid out a raft of new targets under a “triple double strategy” laid out by chairman, president and CEO Mark Parker.

    “The consumer today expects a premium experience, with innovative product and services delivered faster and more personally,” Parker said. “Fueled by a transformation of our business, we are attacking growth opportunities through innovation, speed and digital to accelerate long-term, sustainable and profitable growth.”

  • Singapore helps boost Swiss watch exports

    Singapore helps boost Swiss watch exports

    Singapore has been a major contributor to a continuing upswing in Swiss watch exports, reports the Federation of the Swiss Watch Industry.

    The value of watches sent to Singapore rose by 89.6 per cent last month, says the federation, mainly because of interest in expensive timepieces.

    As the Hong Kong market recovers, it achieved sustained growth of 13.7 per cent.

    While exports to Japan grew in August, the market lost ground again with last month’s figures tumbling by 15.6 per cent.

    The pace of growth also slackened in China at 1.2 per cent.

    Overall, Swiss watch exports rose for the sixth month in succession, their value last month reaching 1.8 billion francs (US$1.8 billion), 3.7 per cent growth over September last year.

    Among the main categories in value terms, watches in precious metal and steel continued to advance, while there was a sharp downturn in bimetal timepieces, which have been declining significantly for several months, says the federation. Volumes also took a dive.

    More expensive timepieces are in demand, the figures showing an 8 per cent gain in value of exported items costing more than 3000 francs (export price). Those between 200 and 3000 francs showed slight growth.

    However, the exports of cheaper watches have been falling sharply for more than a year, says the federation. Exports of watches priced at less than 200 francs eroded by 18.5 per cent.

  • China star market for L’Occitane International

    China star market for L’Occitane International

    China led first-half international sales for French beauty products group L’Occitane International with 22.7 per cent growth in local currency and 15.8 per cent in same-store sales.

    This continued China’s sales momentum in the first quarter, and the company credits the growth to a marketing campaign featuring Chinese artist Lu Han.

    T-mall sales continued to grow at triple digits, ahead of plan, while the company’s other e-commerce and online marketplace outlets grew 22.6 per cent to reach 12.9 per cent of total retail sales.

    However, net sales eased by 0.6 per cent from the same period last year to reach €548.2 million (US$648.4 million) at reported rates. At constant exchange rates, sales growth was 1.1 per cent.

    On a like-for-like basis – excluding the disposal of Le Couvent des Minimes and a one-off deal of L’Occitane au Bresil last year – sales grew by 2.3 per cent at constant rates and 0.5 per cent at reported rates.

    Retail sales accounted for 72.4 per cent of net sales, amounting to €397.1 million, down 0.9 per cent at reported rates. At constant rates, growth was 1.1 per cent. This growth was primarily contributed by non-comparable stores and other sales, including new and renovated stores, marketplaces and spa businesses. The growth was 5.2 per cent at constant exchange rates

    The group’s same-store sales eased by 0.1 per cent, an improvement from the 0.6 per cent dip for the first quarter and the 2.5 per cent drop for last year’s first half. This is attributed to China’s sales and overall improvements in key countries.

    Wholesale sales at €151.1 million accounted for 27.6 per cent of total sales, up 1 per cent at constant exchange rates. Like-for-like growth was 5.4 per cent, primarily driven by dynamic growth in travel retail, distribution, B2B and web-partner channels of the L’Occitane en Provence brand. Emerging brands Erborian and Melvita delivered double-digit growth.

    L’Occitane International says it maintained selective openings with five stores added to its network and 78 renovated during the six months to the end of September. During the same period last year, 32 stores opened and 39 were renovated.

  • Miele Hong Kong joining Redress in clothing drive

    Miele Hong Kong joining Redress in clothing drive

    Miele Hong Kong, the appliance brand, is joining forces with environmental charity Redress in a bid to challenge residents to be less wasteful with unwanted apparel.

    It is using a citywide clothing drive from November 6 to 19 to re-direct wardrobe items away from landfill and back into the fashion loop.

    While new studies suggest that more than 60 per cent of Hong Kong residents now consider recycling their clothes, 111,690 tonnes of textiles are still being dumped each year. This means that about 15,000 garments or textile items go into landfills every single hour

    The Get Redressed x Miele Clothing Drive is seeking donations of used clothing, shoes and accessories that will directly benefit such charities as Christian Action, Friends of the Earth (Hong Kong), Green Ladies and Green Little of St James’ Settlement, Pathfinders and the Tung Wah Group of Hospitals.

    High-quality clothing and accessories will be sold at the Get Redressed charity/secondhand pop-up shop from November 22 to 25 to raise funds for Redress, enabling it to continue its 10-year legacy of cutting waste out of fashion.

    Partner locations where donations can be left include Caelum Greene in Central, the Miele Experience Centre in Lee Garden Six, and PizzaExpress outlets in K11 Art Mall, V City and Yoho Mall.

    Miele Hong Kong marketing director Richard Green says the company sees the importance of sustainability and is keen to promote laundry care through a holistic approach, including motivating consumers to keep their clothes in use for longer.

    Redress hopes to raise consumer awareness of the importance of clothing care to keep garments in active use longer. It says that extending the life of clothing by nine months is estimated to reduce carbon waste and water footprints by around 20 to 30 per cent each.

  • HKIA seeks luxury retailer for boutique space

    HKIA seeks luxury retailer for boutique space

    Hong Kong International Airport (HKIA) is seeking a retailer to run a luxury boutique concession.

    Tenders have been invited for a 57sqm space in the restricted area of Level 6 Departures in Terminal 1’s East Hall.

    With air, sea and land links around the clock, HKIA serves more than 100 airlines and 70.5 million passengers and is still growing. Of the international travellers passing through the airport, about 45 per cent are executives, professionals and proprietors.

    Tenders, accompanied by a non-refundable cashier’s order of HK$500, must be submitted by December 14.

  • Asics tapped a DJ for its new brand campaign

    Asics tapped a DJ for its new brand campaign

    Asics is debuting a new brand campaign called “I Move Me,” which features DJ Steve Aoki. The athletic shoe and apparel company aims to reset what shoppers know its products for.

    The sports retail market was already facing headwinds before Amazon decided it wanted to encroach on the space. Now, those pains are only being exacerbated.

    In October 2017, Amazon declared that is working with some of the sporting goods’ industry’s biggest suppliers, looking to create its own private-label lines. It is a move that could threaten companies ranging from Dick’s Sporting Goods and Foot Locker, to Lululemon and Gap’s Athletanameplate.

    The sports world could take some “important lessons” from so-called fast-fashion players like Zara, analysts say.

    After he took the helm at Asics, Asics America Group Chief Executive Gene McCarthy  brought in new management, pulled product out of some third-party retailers and even held a “tough” conversation with Amazon, deciding it was best to renegotiate that relationship.

    Asics will sell directly to Amazon, he said, but shoppers can still find the brand on Amazon.com through third-party sellers, or those relationships McCarthy has made a priority as CEO.

    Nike, in comparison, caved earlier this year when it announced plans to sell some of its product assortment on Amazon’s U.S. e-commerce platform.

    Asics is repositioning its brand by telling a story that dates back to the company’s inception in Japan in 1949. Founder Kihachiro Onitsuka built the brand around motivating children to “move” and be active, McCarthy explained.

    Today, Asics is still publicly traded in Japan, and its name is an acronym for the Latin phrase “anima sana in corpore sano,” which translates to “healthy soul in a healthy body.”

    Asics’ “I Move Me” campaign, which rolls out online and in Asics’ handful of stores on Wednesday, was crafted by working with international DJ Steve Aoki. The shoe company has taken a nontraditional approach, using a brand ambassador who isn’t a star athlete, but Asics aims to be unique and hopes to reach a larger audience with its refreshed messaging.

    “My life is not only about music and fashion, but also fitness, nutrition and health,” Aoki said in a statement.

    Aoki is also of Japanese descent. He is already begun promoting the brand on his social media channels, where he boasts millions of followers.

    Asics has also promised more nontraditional brand ambassadors for an athletic shoe company to come. The goal is to have a greater voice in an increasingly crowded market.

    To many shoppers, Asics is considered a brand for “performance” activity, not so much for casual wear. While McCarthy said he doesn’t want Asics to get away from its core and what it does best, he wants to reach more consumers and encourage a healthier lifestyle, just as Onitsuka was trying to do in the ’40s in Japan.

    In addition to beefing up its online platform, Asics is opening a slew of new stores and growing its relationships with its closest third-party retailers, like Foot Locker, McCarthy said.

    To be sure, companies like Foot Locker, Hibbett Sports and Finish Line are facing their own challenges, as big-name brands decide to scale back product in stores and sell more online or through their own channels, like Nike.com.

    McCarthy said he’s noticed the environment become tumultuous and competitive in recent years. But he doesn’t see a world without retail, or without brands.

  • Charlotte Tilbury makeup coming to Hong Kon

    Charlotte Tilbury makeup coming to Hong Kon

    Makeup artist Charlotte Tilbury is bringing her award-winning makeup, skincare and scent collections to Asia.

    Her Makeup Revolution will be launched in Asia next year, starting at Lane Crawford in Hong Kong.Further details have yet to be announced.

    This follows her opening her first store outside of the UK, in Kuwait last week, one of three stores for the Middle East.

    Tilbury says there has been a huge demand already from loyal customers in Asia, while Lane Crawford chief brand officer Joanna Gunn says the exclusive launch of the brand in Hong Kong will be supported on the store’s online platform.

    With more than 25 years in the makeup industry working with A-list models, celebrities and designers, Tilbury has poured her best-kept secrets into her “all you need” skincare, makeup and scent collection.

    Her products have won more than 110 industry awards.

    Her colour products are curated into 10 colour-wardrobes: The Bombshell (inspired by Marilyn Monroe, Scarlett Johansson), The Dolce Vita (Beyonce, Penelope Cruz, Sophia Loren), The Glamour Muse (Jennifer Lopez, Jerry Hall), The Golden Goddess (Elle McPherson, Kate Moss, Ursula Andress), The Ingenue (Alexa Chung, Kirsten Dunst, Mia Farrow), The Rebel (Debbie Harry, Grace Jones, Lady Gaga), The Rock Chick (Anita Pallenberg, Brigitte Bardot), The Sophisticate (Audrey Hepburn, Natalie Portman), The Uptown Girl (Grace Kelly, Gwyneth Paltrow, Kate Middleton) and The Vintage Vamp (Lauren Bacall, Rihanna).

    Tilbury has created cover looks for such fashion magazines as GQ, Vanity Fair, W and Vogue. She has also created runway trends for designers and brands including Alexander McQueen, Bottega Veneta, Donna Karan, Lanvin, Miu Miu, Prada and Tom Ford; and crafted campaigns for brands including Burberry, Louis Vuitton. Missoni, Roberto Cavalli and Stella McCartney.

    Her client list includes Carina Lau, Jennifer Aniston, Jennifer Lopez, Kate Moss, Penelope Cruz, Rihanna and Salma Hayek.

  • Marc Jacobs Hong Kong opens second store

    Marc Jacobs Hong Kong opens second store

    Marc Jacobs Hong Kong has opened a boutique store at Gateway Arcade in Tsim Sha Tsui.

    With a new store concept featuring a curved display podium, the 121sqm boutique showcases the US fashion label’s latest collection including ready-to-wear, handbags, shoes, tech accessories, jewellery, fragrance, watches and eyewear.

    To celebrate the opening, the store is exclusively offering the Mini Grind handbag from the Resort 2018 Collection.

    Marc Jacobs Hong Kong has one other store, directly across the harbour at Landmark in Central.

    Earlier this month, Marc Jacobs China launched its first online flagship store with VIPlux, which carries international luxury and premium brands.

  • Typhoons fail to dampen Sa Sa International sales

    Typhoons fail to dampen Sa Sa International sales

    Despite typhoons and poor tourist numbers buffeting sales for discount cosmetics chain Sa Sa International Holdings in its second quarter, it still managed to grow turnover.

    Its retail and wholesale turnover increased by 1.1 per cent year on year to HK$1.918 billion (US$245.9 million), the company’s unaudited update shows. Covering the period to September 30, the figures include National Day Golden Week Holiday.

    Retail sales in Hong Kong/Macau grew by 2.1 per cent to $1.574 billion, while same-store sales fell by 1.8 per cent following stores being relocated in tourist areas.

    “The overall sales performance was below our expectations because of typhoons and poor weather, resulting in weaker store traffic and tourist numbers,” says the company.

    There were 4.6 million transactions, down by 1.8 per cent, with those of local and mainland tourists dropping by 1.1 and 2.5 per cent respectively. However, the average transaction value was up by 5.9 and 3.8 per cent respectively.

    Turnover grew in other markets – 5.9 per cent for Mainland China, 4.2 per cent for Singapore and 0.5 per cent for Malaysia, while for Taiwan e-commerce improved by 4.1 per cent while turnover had a 15.5 per cent dive.

  • Puma sales step up in third quarter

    Puma sales step up in third quarter

    Global footwear retailer, Puma, has posted an increase in sales globally for the third quarter.

    Puma announced third quarter sales rose a currency-adjusted 23 per cent in Europe, the Middle East and Africa, and 16 per cent in the Americas and 10 per cent in the Asia-Pacific region.

    Operating expenses increased by 11 per cent driven by higher marketing, selling and retail expenses. Operating result (EBIT) rises to €101 million from the €60 million last year.

    Footwear continued to be the main growth driver and Accessories also increased in double digits, while Apparel grew at a more modest rate.

    The gross profit margin improved by 230 basis points from 45.8 per cent to 48.1 per cent in the third quarter. Further improvements in sourcing, higher sales of new products with a higher margin and selective price adjustments helped to improve the gross profit margin despite negative currency impacts.

    “The third quarter was another good quarter for us with double-digit growth in all regions and strong growth in all product segments,” said Bjørn Gulden, CEO of PUMA SE. “With gross profit margin exceeding our expectations and a continued focus on operating expenses, we were able to deliver a very positive and better than expected operating result (EBIT).”

    Gulden said this development in the third quarter combined with a good orderbook for the fourth quarter made them raise the outlook for the full year.

    “We now expect currency adjusted sales to increase between 14 per cent and 16 per cent and the operating result (EBIT) to come in between €235 million and €245 million.”

    Puma has also partnered with singer and actress Selena Gomez and said its women’s business was further strengthened through the second Rihanna collection this year, launched in September.