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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.

  • Tod’s rues anti-graft program

    Tod’s rues anti-graft program

    China mainland’s anti-corruption campaign has taken its toll on Italian luxurious footwear model Tod’s’ Hong Kong gross sales.

    So, too, the altering demographic of mainland vacationers, which rival trend manufacturers have additionally blamed for softening gross sales.

    Tod’s says mixed China gross sales fell 15 per cent noting buyer visitors in its shops, and spending, skilled a “giant lower” within the quarter.

    Larger China gross sales accounted for 20.1 per cent of the corporate’s complete international turnover of euro 257.7 million, up one per cent on the identical quarter in 2014. China gross sales have been thus euro 53.9 million.

    Gross sales in Italy accounted for 34.eight per cent of its complete gross sales.

    Tod’s additionally famous in its report that rents are “too excessive” in Hong Kong.

    The group has 79 of its personal outlets in higher China, together with 67 within the mainland, 11 in Hong Kong and one in Macau. It has one other 25 franchised shops throughout the area.

    This yr the corporate expects to open new shops in Chongqing and Zhengzhou underneath its personal possession and one other, franchised, outlet in Sanya.

  • Inditex’s Oysho China debuts on-line

    Inditex’s Oysho China debuts on-line

    Oysho China, Inditex’s lingerie model, has launched a web-based retailer on Alibaba’s Tmall.

    The web entry was executed in close to silence, with media protection primarily in Spanish.

    A number of of Spain-based Inditex’s different manufacturers have already entered China on-line by way of Tmall partnerships, most lately Stradivarius in April.

    Oysho, created in 2001, gives the newest trend developments within the lingerie phase. At Oysho, clients can discover “enjoyable but refined and female” underwear, and “trendy but informal outerwear”, snug loungewear and unique equipment.

    Oysho has 575 shops throughout 40 worldwide markets.

    The Tmall retailer quietly opened on Might 19 and its launch “represents Oysho’s main dedication to the Asian market and strengthens its presence and enterprise improvement,” in accordance with Evigo.com.

    On the Oysho.tmall.com storefront, consumers can select from lingerie, sportswear, sleepwear, beachwear, equipment and footwear.

  • Pure & natural cosmetics manufacturers lunch idea shops to boost visibility in Asia

    Pure & natural cosmetics manufacturers lunch idea shops to boost visibility in Asia

    China is the most important marketplace for pure & natural cosmetics in Asia, regardless of of many inexperienced manufacturers boycotting the Chinese language market, in line with a brand new research by Natural Monitor. Excessive-end manufacturers are coming into the Chinese language market, interested in the rising buying energy of its shoppers. Japan has the second largest marketplace for pure & natural cosmetics in Asia.

    Rising shopper consciousness of pure and natural merchandise is fuelling product gross sales throughout the area. Asia has one of many quickest rising markets for pure & natural cosmetics, with gross sales revenues projected to exceed USD1 billion within the coming years.

    Idea shops are an important channel for pure & natural cosmetics. Many manufacturers – Western and Asian – are opening stand-alone shops or salons for his or her manufacturers. The American firm Aveda is the frontrunner, working idea salons throughout Asia. A rising variety of Asian manufacturers, corresponding to Forest Necessities, are additionally investing in idea shops to boost visibility and consciousness of their product ranges, says Natural Monitor.

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  • Swimsuits drive Victoria ’s Secret sales

    Swimsuits drive Victoria ’s Secret sales

    Victoria’s Secret – which accounts for more than one third of the US lingerie market – says swimsuit sales are growing at twice the rate of its overall growth.

    In the first quarter of this year – not even summer season in the US – swimsuit sales soared 10 per cent, while the brand’s overall sales grew just five per cent. Swimwear was introduced in 2002 but only in the last few years has the range been widely stocked as a core line across the brand’s more than 1000 company-owned stores.

    CEO Sharen Jester Turney told an investor conference call that swimwear is not the only category driving growth.

    “We’re very excited and very pleased with our sport business, especially in our bra category,” she said.

    “That’s where we’ve been putting a lot of our emphasis and seeing tremendous growth.”

    In fact, sportswear was only on the company’s radar just a couple of years ago, yet sales are already nearing $250 million annually.

    Analysts predict the brand could eventually grow sportswear sales to $1 billion dollars (the brand’s total 2012 sales were more than $6 billion), with Victoria’s Secret set to launch its Sport offer into another 150 stores in the current quarter.

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  • Pop of colour, high fashion timepieces in Singapore

    Pop of colour, high fashion timepieces in Singapore

    Always wanted to experiment with colour? Head down to Dockers and try on the brand’s colourful range of pants today. Purchase any two regular-priced pants for S$149.90 (RM404); and any three regular-priced pants for S$199.90. Also, stand to enjoy an additional S$50 off with any S$250 nett spend when you shop at these selected Dockers’ boutiques namely Jem, Plaza Singapura, Suntec City and Raffles City.

    Bits of nature: What do you get when you combine the superior craftsmanship and product excellence of Timberland with Pharrell Williams’ creativity from his co-founded fashion brand Bee Line For Billionaire Boys Club? The limited edition Timberland X Bee Line 6” Canvas Boot, of course. Exclusively for women, the boots takes its design cues from nature and are available in two designs, Honeycomb and Grass. Made from top quality materials that are environmentally friendly to provide increased strength, abrasion resistance and decreased dry time. S$369.00, available exclusively at Timberland ION Orchard and Raffles City boutiques only.

    Wrist only: If you love high fashion time pieces, you’ll want to check out the Tate Wrap time pieces from the Vivienne Westwood Time Machine Collection. A great conversational starter, it’s available in two designs with features such as a new dial and a double wrap around strap embellished with patterns and iconic brand elements. Available at Tyan ION Orchard, #03-13, 2 Orchard Turn.

    Meet the Minions at Uniqlo: Get to high-five Bob, Kevin and Stuart, from the popular animated film, Minions, who will be popping by the UNIQLO stores this weekend at 313@somerset (May 23) and Parkway Parade (May 24) from 3pm to 3.20pm. The Minions are launching the new Minions UNIQLO T-Shirt collection for boys. And there’s a promotion: If you buy two Minion tees (per transaction) at the store — or at least one Minion tee online per transaction — you will get a limited edition Minions pen set. While stocks last. (Note: This pen set is not available at the following stores: Changi Airport, ION Orchard, One@KentRidge, One KM, One Raffles Place, and Tampines 1.) The T-shirts retail for S$12.90. Available at all UNIQLO outlets. — TODAY

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  • Burberry bemoans Larger China problem

    Burberry bemoans Larger China problem

    Higher China has put a dampener on the in any other case stellar success story of revamped luxurious model Burberry.

    The corporate had earlier posted an 11 per cent rise in income to £2.5 billion and a seven per cent improve in pre-tax revenue to £456 million within the yr to March.

    However on Friday is warned that a beneficial fluctuation in foreign money would increase its backside line by £50 million would truly solely in reality ship £10 million, because of an increase in worth of the pound towards the Hong Kong and US dollars.

    Buyers have been spooked, maybe extra by the size of a monetary miscalculation which was by some means out by £40 million in simply 11 days as by any concern over the worth or efficiency of the model as an entire. Shares shed six per cent of their worth within the day’s buying and selling.

    Final yr’s pro-democracy protests in Hong Kong, together with the much-publicised shift within the demographic of mainland Chinese language vacationers hit Burberry arduous, given the territory accounts for 10 per cent of its international gross sales.

    So a gross sales drop in Hong Kong measured within the mid single digits can simply impression the underside line. So, too, wallet-tightening in China’s mainland. So whereas Burberry had anticipated some cushioning from beneficial trade price tendencies, additional evaluation since has apparently revealed much less constructive developments.

    The weakening of the euro has elevated what luxurious manufacturers confer with as ‘gray market gross sales’, the place inventory is purchased from wholesalers or shops in Europe on the market at a revenue in China and Southeast Asian markets. This prompted the model to extend Europe costs, and scale back them in Asia, affecting income at each ends, however defending the integrity of its provide chain.

    One vendor noticed that decreasing the 2016 steerage had harm Burberry, hinting the share worth influence was an unfair judgment.

    “Beneath, the numbers learn nicely and are forward of forecasts and the corporate is doing lots to make the enterprise sustainable,” one London supplier advised UK information media.

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  • Komehyo Hong Kong opens showroom

    Komehyo Hong Kong opens showroom

    Used luxurious items retailer Komehyo Hong Kong has opened a downtown showroom as a part of its Japanese mum or dad’s regional enlargement technique to succeed in out to consumers outdoors Japan.

    President of Komehyo Hong Kong, Toshio Sawada, stated the showroom will assist the corporate set up a robust presence within the territory and join with abroad consumers.
    The showroom will supply second-hand jewelry, watches, branded luggage and equipment to related enterprises.

    “Hong Kong is properly related with the world and Mainland China,” stated Sawada. “It’s a handy and strategic location for Komehyo to serve its abroad consumers who’re principally from Mainland China.

    “We anticipate that the Hong Kong workplace will assist our firm increase its gross sales channels and supply higher customer support to abroad consumers outdoors Japan.”

    Sawada stated that through the previous few years, Komehyo has been actively buying and selling its second-hand jewelry and watches via commerce festivals in Hong Kong.

    “We have now seen robust demand for luxurious watches and diamond jewelry from abroad consumers. The opening of the showroom exhibits our rising confidence in Hong Kong.”
    Affiliate director-general of funding promotion, Jimmy Chiang, stated, with its free port and low tax regime, Hong Kong stays a really perfect location to overseas corporations wishing to showcase and market high-end high quality items to Mainland Chinese language and different Asian clients.

    “Establishing a everlasting location in Hong Kong facilitates commerce with worldwide consumers all year long. Komehyo, with its robust branding within the business, will simply discover a foothold in Hong Kong. I want its enterprise each success.”

    Based in 1947, Komehyo Co buys and sells second-hand and new merchandise by means of 33 retail shops in Japan. The corporate trades in recycled and new merchandise together with jewelry, valuable metals, watches, branded luggage, clothes, kimonos, cameras and musical devices in Japan. Komehyo is listed on the second part of each the Tokyo Inventory Change and the Nagoya Inventory Trade.

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  • Worldwide gross sales drive Mothercare restoration

    Worldwide gross sales drive Mothercare restoration

    Struggling UK childrenswear idea Mothercare has reported bought worldwide gross sales and a burgeoning on-line enterprise because it recovers its mojo.

    Within the full yr to March 28, Mothercare says its pre-tax, underlying revenue rose 37 per cent to £13 million. Worldwide gross sales have been up 5.6 per cent – a good more healthy 12.four per cent on a continuing foreign money foundation – and on-line gross sales rose 18 per cent, accounting for 30 per cent of complete UK gross sales with over a 3rd of on-line orders collected in retailer and 82 per cent of on-line visitors now generated from cellular.

    UK like-for-like gross sales have been up two per cent, and gross margin stabilised, the corporate stated in its annual assertion.

    Complete UK house market gross sales have been down zero.9 per cent as an extra 31 underperforming shops have been closed. However the concentrate on increasing internationally is clearly bearing fruit: Mothercare stated complete promoting area was up 9 per cent, now numbering 1273 shops in 60 nations, with 52 new ones opened in the course of the monetary yr. Mothercare made its Korean debut, opening 4 shops.

    Chairman Alan Parker stated the yr was certainly one of “main change” for the corporate, with a brand new CEO and CFO recruited, new financing preparations entered into with its banks, an uninvited takeover supply rebuffed and a efficiently accomplished a rights difficulty.

    “I’m assured that we now have the appropriate management and plans to realize our clear potential of being a world main international retailer.”

    CEO Mark Newton-Jones stated the corporate’s worldwide enterprise has delivered progress when it comes to area, gross sales and revenue, regardless of elevated financial and overseas foreign money headwinds.

    “We’re making good progress towards all six pillars of our technique and we’ll proceed to construct from this platform within the yr forward. There’s nonetheless a lot to do and buying and selling circumstances might stay difficult, however we’ll keep singularly targeted on our imaginative and prescient of being the main international retailer for folks and younger youngsters.”

    Mothercare’s worldwide enterprise now accounts for 64 per cent of the model’s worldwide area and 62 per cent of gross sales.

    The corporate stated Asia, the place Mothercare now has 397 shops in 13 nations, continues to supply thrilling excessive progress alternatives.

    “We opened our first 4 shops in South Korea, within the final quarter of the yr. This market provides vital alternative with a rich center class, good high quality retail area and a mature on-line market. Because the finish of the yr, we’ve got exited our three way partnership in India, which not wanted our help to develop the enterprise. India now operates on a pure franchise foundation. Area was up about 17 per cent year-on-year with mid-single-digit like-for-like gross sales progress. Robust fixed foreign money gross sales progress was diluted by ongoing foreign money devaluation which resulted in excessive single-digit gross sales progress in precise foreign money.

    “Asia now has transactional web sites in China, India and Indonesia.”

    Within the yr forward, Mothercare says it plans to proceed to develop its enterprise to turn out to be digitally led by investing in its on-line platform.

    “On the similar time, in keeping with the plans we communicated final yr, we’ll modernise and refurbish 35-40 shops while closing 25-30 underperforming shops.”

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  • Second Longchamp boutique for Changi

    Second Longchamp boutique for Changi

    LS Travel Retail has won another luxury brand concession at Singapore’s Changi Airport.

    LS will open a 41 sqm Longchamp boutique in Terminal 3, located in the Southern section of the departure/transit lounge.

    It will be the second Longchamp boutique at Changi: LS Travel Retail has operated one in Terminal 1 since 2011.

    The new concession has a three year, six month term, commencing November 1, but without an automatic renewal option.

    Five operators bid for the concession, the defeated bidders being Bulgari (Luxury Ventures), Gassan, Nuance (for an Etro store) and Sideframe (for Anteprima Wirebag).

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  • Esprit warns of “substantial loss”

    Esprit warns of “substantial loss”

    Esprit has issued a surprise profit warning to investors saying it expects a “substantial loss” in the full year to June 30.

    The warning is a surprise, because just 11 days earlier the Hong Kong-listed fashion retailer said its turnaround program was “on track” with a good customer response to new ranges and positive traing improvements.

    “We remain fully confident that our current strategies will enable us to turn around Esprit and to establish a strong foundation for future long term growth.”

    However, in a document filed with the Hong Kong Stock Exchange yesterday (Monday May 18), Esprit appears to have reconsidered its position based on figures for the 10 months to April 30.

    “The anticipated loss is mainly attributable to the following non-recurring provisions and impairments resulting from management’s assessment of the fair values of the assets of the group, as well as an expected operating loss:

    “Due to the significant underperformance of the group’s operations in China in the past two years (turnover decline of 28.3 per cent and 21.6 per cent year-on-year in local currency for 2014 year and for the first half of 2015 respectively), there is an impairment of the goodwill in association with the China business estimated to be in the range of HK$2,500 million to HK$2,700 million. This impairment is a non cash item. A number of factors, both external and internal, have led to such weak performance in China, mainly the year-on-year reduction in total controlled space (down 24.3 per cent in 2014 and 23.1 per cent in the first half of 2015) which results from our decision to close unprofitable retail stores and the large decline of controlled wholesale space; and Inventory clearance by wholesale partners, including the special return agreements to solve our long time problems with aged inventory in the wholesale channel; and a challenging operating environment and softer domestic economic growth.”

    Esprit says the necessary restructuring of the operations in China is now complete and it is beginning to work on growth development in the country.

    Furthermore, due to the weaker than expected sales performance of directly managed retail stores, there are provisions and impairments, which are non-cash items for 2015, resulting from provisions for store closures and onerous leases, estimated to be in the range of HK$280 million to HK$300 million and impairment of fixed assets of directly managed retail stores, estimated to be in the range of HK$160 million to HK$170 million.

    Finally, the company is expecting an operating loss, as a result of higher than expected decline in the group’s turnover, especially during its Autumn/Winter 2014 season, and the corresponding operating deleverage effect.

    The company said final results for the year to June 30 are expected to be released in September 2015.

    Esprit reiterated its “good progress” in various fronts of the transformation plan.

    “In anticipation for continued improvement in product performance, we will be increasing our efforts in marketing as well as in implementing an ambitious omni-channel model that will enhance the customer experience across our multiple distribution channels.

    “The group remains confident our current strategies will enable us to turnaround Esprit and to establish a strong foundation for future long term growth.”

  • American Eagle to open in two new Asian markets

    American Eagle to open in two new Asian markets

    “We look forward to bringing our casual American style and iconic American Eagle Outfitters jeans brand as well as Aerie intimates to new customers,” said Simon Nankervis, executive VP of global commercial operations.

    “Together with our licensed partners, we will offer the very best brand experience. Our partners bring vast knowledge in their respective markets, an expertise in building businesses and a strong passion for our brands.”

    In Korea, SK Networks has vast fashion brand experience, representing international brands including Tommy Hilfiger, DKNY, Donna Karan Collection, Club Monaco and Calvin Klein. Store openings will begin in mid-2015, with several shops planned to be trading byyear end.

    In Singapore, Trendz 360 is an established distributor and retailer of international brands,representing Patagonia, DKNY Kids, Nike Equipment and Patrick. It plans to open the first store in mid-2015.

    American Eagle Outfitters currently has 111 licensed stores in 17 countries, including Hong Kong, the UAE, Kuwait, Russia, Saudi Arabia, Lebanon, Jordan, Morocco, Egypt, Israel, Japan, Poland, the Philippines, Colombia, Panama, Thailand and Indonesia. The company currently expects to open approximately 40 licensed stores in fiscal 2015.

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  • Korean cosmetics a hit in China

    Korean cosmetics a hit in China

    Korean cosmetics products are expanding their presence in China on the back of the ‘Korean Wave’.

    Korea is the second biggest source of cosmetics sold in Asia’s second-largest, but fastest growing beauty market, according to data out this week.

    Out of $686.2 million worth of cosmetics China imported in the January-March period, South Korean products accounted for 19.1 per cent, or $131.2 million, coming next to France’s 33.6 per cent market share, according to the data compiled by the Korea International Trade Association (KITA).

    Japanese cosmetics took third with 15.3 per cent, followed by American brands with 11 per cent, KITA said.

    Korea moved up two notches from last year’s spot as China’s imports of Korean cosmetics more than tripled in the first quarter from a year ago, while French and Japanese products surged 10.2 per cent and 37.2 per cent, respectively, in the same period.

    Thanks to strong sales in China, total exports of Korean cosmetics nearly doubled to $582 million in the first three months of this year, which in turn improved their earnings.

    Amore Pacific, the nation’s leading cosmetics firm, posted 320.7 billion won in operating profit in the first quarter, a 50 per cent hike from a year earlier, its regulatory filing showed.

    Operating profits of Kormar, a smaller local rival, jumped 62.9 per cent over the period, far exceeding market expectations.

    LS Cosmetics, which is well-known for face mask sheets, logged 17.5 billion won in operating profit, recording an over 100 times on-year surge. Its shares, which are traded on the secondary KOSDAQ market, jumped 338 per cent this year to become one of the top earners in the local stock market.

    “Korean companies are showing stellar performance in the Chinese market based on the Korean Wave and competitive price ranges and brand lineups,” Na Eun-chae, a researcher at Korea Investment & Securities, said.

    “The outlook for Korean cosmetic makers is positive in the mid- and long- term.”

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  • UK’s John Lewis opens today in Makati

    UK’s John Lewis opens today in Makati

    John Lewis, a chain of quality department stores operating through out Great Britain, will open its first shop-in-shop in the Philippines at SM Makati today. The chain is part of the John Lewis Partnership, and is known for its slogan “Never Knowingly Undersold.”

    John Lewis Partnership is UK’s largest example of worker co-ownership where all 30,000 staff are Partners in the business. On the other hand, Never Knowingly Undersold is the company’s unique policy to its customers that the price of any item it sells will always be as low as the lowest price in the neighborhood. It has been in use since 1925.

    A wide range of own-brand home products including bed, bath, tableware, and home accessories, such as candles and photo frames, will be on offer in a dedicated John Lewis Department at SM Home in SM Makati’s Fifth Level.

    The shop-in-shop here in the Philippines will have a wide range of own-brand home products like tableware and kitchen furniture

    This will be the first of the 11 John Lewis shop-in-shops in SM Retail locations across the Philippines—SM Makati, SM Aura Premier, SM Megamall, SM Mall of Asia, SM North EDSA, SM Southmall in the Metro area, and SM Cebu and SM Lanang in the provincial areas; as well as three Our Home stores. The sites will be between 300 square feet and 1,000 square feet and will have a dedicated staff.

    “SM Retail is a perfect partner to help bring the John Lewis brand to a new Asian customer base,” declares Andy Street, managing director at John Lewis.

    Meanwhile, British Ambassador to the Philippines Asif Ahmad says in a message,“I would like to congratulate SM for successfully bringing John Lewis to the Philippines,” says. In the UK, John Lewis is known as a top retailer and has a reputation for offering excellent value to customers for many years. We are delighted to have another iconic brand that will bring the experience of British quality, creativity, and lifestyle to the Filipino home.”

    The first John Lewis store opened in 1864 in Oxford Street, London. Today, it operates 43 John Lewis stores across the UK and runs a shopping website at johnlewis.com.

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  • Sephora, JD.com staff up

    Sephora, JD.com staff up

    LVMH-owned cosmetics retailer Sephora has opened a flagship retailer on Chinese language eCommerce website JD.com.

    Sephora, which already as a profitable retail community in tier one Mainland China cities, says the transfer wil assist it break into the eCommerce market there, and attain shoppers in smaller city markets.

    “This marks a big step ahead for Sephora, the main magnificence retailer of LVMH Group, in its eCommerce and general retail technique for China,” the 2 corporations stated in a press release.

    Upon launch, Sephora’s retailer would be the largest cosmetics retailer on JD.com’s platform, that includes over 1200 gadgets from greater than 70 worldwide beauty manufacturers, together with Dior, Guerlain, Givenchy, Profit and Kenzoki.

    Anne Veronique Bruel, president of Sephora Asia, stated she is assured that Sephora, JD.com will have the ability to present Chinese language shoppers with “a very world-class on-line purchasing expertise, with out the fear of counterfeits”.

    Haoyu Shen, CEO of JD Mall added: “We’re capable of supply Sephora an end-to-end eCommerce answer that ensures Chinese language shoppers have the absolute best model expertise when buying their magnificence merchandise on-line. Our direct co-operation with Sephora additional strengthens the arrogance of cosmetics buyers in China that JD.com is the go-to website for probably the most wanted genuine name-brand merchandise.”

    Sephora, based in Limoges, France, in 1969, was purchased by luxurious group LVMH in 1997.At the moment, it has greater than 2000 shops in 32 nations stocking greater than 200 worldwide manufacturers and 10,000 of its personal distinctive personal label merchandise.

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  • Singapore franchise axed by Milan Station

    Singapore franchise axed by Milan Station

    Milan Station has terminated the settlement with its Singapore franchisee M C Holdings.

    In a voluntary replace disclosure to the Hong Kong Inventory Change this week, Milan Station says the corporate additionally negotiated the top of consignment gross sales at concession counters at Hong Kong’s 4 cruises.

    The posh bag and equipment retailer stated the rationale for the terminations of the franchise and concessions is that retail gross sales of luxurious items remained stagnant.

    “The termination of the Concession Settlement and the Franchise Settlement shall allow to group to pay attention its useful resource on the extra worthwhile working arms of the group,” Milan Station stated in its replace.

    “The group will assess the market situation repeatedly and can think about re-launching the concession and franchise enterprise when the market outlook turns to be promising in future.”

    The Singapore franchise settlement dates again to June 2013. The 2 events have agreed that half of the safety deposit of S$180,000 shall be deducted by the franchisor as compensation for inconvenience incurred, with the stability to be repaid. Unsold inventory shall be returned to Milan Station.

    The Hong Kong firm says the concession enterprise underneath the Concession Agreements accounted for about 1.eight per cent of the group’s income within the yr to December 31.

    The Singapore franchise enterprise accounted for about two per cent of group income.

    “The Board considers that the termination of the Concession Settlement and the Franchise Settlement has no materials impression on the prevailing enterprise operation and monetary place of the group.”