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.

  • L’Oreal launches make-up applicator for people with limited mobility

    L’Oreal launches make-up applicator for people with limited mobility

    L’Oréal has debuted a motorised, handheld device that allows people with limited hand and arm mobility to apply make-up steadily.

    The slender new product uses motion sensors and magnetic attachments that enable make-up application in 360-degree rotations and 180-degree flexions, according to the company.

    The move is part of the cosmetics industry’s push to develop products for people with disabilities – a generally untapped market that is believed to be worth $1.2 trillion (£990 billion). Thus far, these efforts have largely focused on creating ergonomic products, such as make-up brushes that can bend and are easier to grip, and easy to open moisturisers.

    L’Oréal says the new Hapta device is aimed at the 50 million people around the globe with limited fine motor skills, including those with cerebral palsy or who have suffered a stroke.

    The product, unveiled at the CES tech show in Las Vegas, will be piloted with a lipstick applicator later this year from L’Oréal brand ​​Lancôme.

    L’Oréal and Verily began collaborating on skincare and digital dermatology tools in January.

    “Beauty tech [is] revolutionising the way we develop beauty products and services and enabling greater personalisation,” said Françoise Lehmann, Lancôme’s global brand president. “With Hapta we are going one step further by making beauty more accessible to use, because everyone should have equal access to it.”

    Also at CES, the cosmetics company announced a Brow Magic applicator that offers personalised eyebrow looks based on face scans from an accompanying app.

    The product has 2,400 small nozzles and a printing resolution of up to 1,200 drops per inch. L’Oréal says it can apply a precise brow shape in seconds and can be removed using a standard makeup remover. Brow Magic looks at the user’s face shape and thickness to make recommendations for microblading, micro-shading or filler effects. The product is scheduled to arrive later this year.

  • Hermes Expands in Nanjing as Luxury Industry Bets on Chinese Return

    Hermes Expands in Nanjing as Luxury Industry Bets on Chinese Return

    Birkin bag maker Hermes is opening a new, enlarged store in China’s Nanjing city, signalling the luxury industry’s confidence in a strong return of Chinese shoppers after three years of tough COVID-19 restrictions.

    Hermes, which first opened a store in the city in 2010, has now relocated to the upscale mall Deji Plaza, with a wider product selection spread across two floors, from silk scarves to leather goods, as well as home decor, jewellery and clothing.

    European luxury houses have continued to invest in China, expected to become the sector’s largest market by 2025, despite a turbulent year marked by disruptions as the country imposed strict curbs to contain the spread of the coronavirus.

    News in late December that the country was relaxing travel rules pushed up the share prices of global luxury companies including the world’s largest, LVMH.

    Hermes and LVMH both generated around 30% of annual sales in China in 2020, according to UBS.

    Mainland China, where Hermes counts 27 stores, has been a strong focus for the leather goods specialist. Last year, Hermes opened a larger store in Wuhan, and set up its first shop in Zhengzhou, in Henan province.

    China is expected to serve as an important source of growth in the coming months as Europe faces an energy crisis and the U.S. economy cools. Bernstein analyst Luca Solca forecasts luxury sales could grow between 25% and 35% in the country this year while in the West they are expected around 5% to 10%.

  • Dr Martens shuts all stores in the Philippines

    Dr Martens shuts all stores in the Philippines

    German-founded British footwear and apparel brand, Dr Martens, has closed all of its physical stores in the Philippines.

    The brand announced on social media that it closed all of its remaining four stores in Glorietta 4, SM Mall of Asia, SM Megamall, and Manila Bay by the end of last month. However, Dr Martens did not disclose the reason behind its physical withdrawal from the market.

    Local sources said Dr Martens started shutting its stores in the country last February, including its flagship store in Two Parkade BGC.

    UK-based footwear retail reported a 13 percent year-on-year increase in revenue, reaching US$507 million in turnover for the first half of the fiscal year 2023. The brand opened 21 new stores and closed five stores during the period.

    “Although there are economic challenges ahead, we are well positioned for future growth,” said Kenny Wilson, CEO of Dr Martens.

    Dr Martens’ store closure in the Philippines occurred despite the market having seen growth in sportswear spending. Last month, US sneaker chain Foot Locker expanded into the country with the first store opened inside Manila’s Glorietta shopping mall under the partnership with Indonesian retailer MAP Aktif Adiperkasa.

  • Canadian luxury jewellery brand Korite to expand to Asia

    Canadian luxury jewellery brand Korite to expand to Asia

    Canadian luxury jewellery brand Korite has named Kaimirra Tutan as its exclusive distributor in Asia.

    Kaimirra Tutan will bring Korite’s luxury lines of jewellery and ammolite gemstones to customers across Asian markets, including Malaysia, Singapore, Thailand, Vietnam, and South Korea. The partnership between the two jewellers follows the launch of Kaimirra Tutan’s flagship boutique in Malaysia’s shopping complex Mid Valley Megamall earlier this year.

    “Kaimirra Tutan gives us the ability to reach customers through their retail stores, e-commerce, and wholesale opportunities,” said David Lui, CEO at Korite. “This partnership not only allows us to work with another Canadian company, but it is also an essential element of our future growth and we couldn’t be more excited.”

    Founded in 1979, Korite specialises in ammolite gemstones and jewellery that is ethically mined and handcrafted by skilled artisans. Kaimirra Tutan is a luxury jewellery brand launched in 2010 in Toronto.

    In case you missed this news, Japanese bridal jewellery company I-Primo has opened its first Southeast Asia flagship store in Singapore after launching a pop-up in June.

  • L’Oreal Groupe launches 19 new boutiques in Haikou Duty Free

    L’Oreal Groupe launches 19 new boutiques in Haikou Duty Free

    Travellers can experience professional consultation services for skincare, make-up, and haircare, along with personalised treatments at professional skincare cabins by Lancôme, Helena Rubinstein, SkinCeuticals and Armani Beauty. An array of tech-enabled beauty services will also be available, including Lancôme Skin Screen, SkinCeuticals SkinScope, L’Oréal Paris Science Table, Yves Saint Laurent (YSL) Neuro Fragrance Consultation, Kérastase’s Kérascan for scalp and hair, and a blow dry service pop-up.

    With CDFG’s “Scan and Purchase” initiative, customers can make purchases with reduced queuing and waiting time.

    All store counters were constructed using eco-certified and recyclable materials and pop-ups and future retail animations will be built on L’Oréal’s Eco-Design Golden Rules, where certified recycled FSC, PESC, and mono materials are optimally-weighed, made redressable, separable for disassembly, and old fixtures from previous animations to be reused.

    L’Oréal Travel Retail President Vincent Boinay said: “As L’Oréal Travel Retail and China Duty Free Group, we share the same passion to provide beauty for all travellers. Haikou International Duty Free Shopping Complex is a symbol of our 20 years of great collaboration. We are proud to showcase the best of beauty with our 19 brand flagship boutiques welcoming Chinese travellers to live the exclusive L’Oréal experience – best in retail expression, best in beauty tech innovation, best in services, best in engagement and best in sustainability.”

    China Duty Free Group President Charles Chen said: “With CDF Haikou International Duty Free shopping complex, CDFG’s vision is to build a shopping destination that will set a new benchmark for travel retail. We are delighted with the 19 outstanding and amazing beauty boutiques, services and experiences that L’Oréal has designed for our complex. These boutiques will certainly give our travelers many reasons to visit and repeat.”

  • Nike and Adidas supplier offers bigger Tet bonuses

    Nike and Adidas supplier offers bigger Tet bonuses

    Some 130,000 workers at Taiwanese-invested footwear maker Pou Chen Vietnam, a contract manufacturer for giants like Nike, Adidas and Puma, will enjoy a 30% increase in Tet bonuses this year.

    That puts the annual windfall for employees at the global shoe supplier back to pre-Covid levels.

    Eight Pou Chen Vietnam factories in HCMC and four in the southern provinces of Dong Nai, Tien Giang, Tay Ninh and Ba Ria Vung Tau announced on Monday that they will set aside over VND1.5 trillion ($62.5 million) as bonuses for workers for the upcoming Tet (Lunar New Year Festival). Tet, the most important festival in Vietnam, falls in late January 2023.

    Depending on seniority, workers who have worked for the company a full year or more will be given Tet bonuses of 1-2.2 months’ salary, from around VND6.5 million ($274.20) to nearly VND26 million. The highest bonus in 2022 was 1.54 months’ salary, while in 2021 the figure stood at 1.87 months.

    Besides Tet bonuses, the biggest and most anticipated reward for workers, Vietnam’s largest employer and trade unions at of its eight factories have planned provide free bus tickets home to migrant workers who will be able to enjoy Tet in their hometowns. Other gifts to poor employees will also be distributed.

  • Myntra launches fashion label Kenneth Cole in India

    Myntra launches fashion label Kenneth Cole in India

    Myntra announces the launch of global designer-led fashion brand, Kenneth Cole, further boosting the portfolio of international brands available on its platform. A brand with huge international repute, Kenneth Cole offers unique premium products catering to an urban and socially conscious audience between the age group of 22-35 years to begin with, the brand will offer over 140 SKUs across categories like T-shirts, shirts, jeans, and winter wear.

    Founded in 1982, the American fashion house, Kenneth Cole, is one of the leading fashion brands worldwide and is available across stores as well as online. The brand’s unique collections include Techni-Cole, Conscious-Cole will also be available as a part of EORS 17 offerings, which is scheduled to be held between Dec 10 to 16, this year. The Techni-Cole collection uses technical fabrics, making it more flexible and functional, while the Conscious-Cole collection uses sustainability-led fabrics and organic cotton, along with Kenneth Cole’s unique take on modern work-wear, appealing to a product-conscious cohort. Kennethism, which are quotes from Kenneth Cole himself, helps drive the brand message to the audience, further augmenting the brand’s salience among shoppers.

    Kenneth Cole’s launch on Myntra will help Kenneth Cole reach and engage with diverse targetaudiences and amplify its presence in the country. The association allows our in-house speciality teams to design, manufacture and distribute Kenneth Cole apparel, accessories and footwear digitally in India. Men’s and Women’s Apparel from Kenneth Cole is live on Myntra, with other categories launching in the upcoming seasons. Kenneth Cole will further have its own Online Brand Store (OBS) on Myntra, allowing shoppers quicker access and a richer shopping experience.

    Talking about the launch, Nandita Sinha, CEO, Myntra, said, “Kenneth Cole has created a mark for itself over the years, among global fashion and lifestyle consumers. We are delighted to welcome Kenneth Cole on Myntra and are confident of the brand being able to build deeper salience with the millions of shoppers across the country, especially with Kenneth Cole’s product-driven approach and Myntra’s wide reach and popularity with India’s fashion-forward consumer base.” Speaking on the launch, Kenneth Cole, said, “We are excited to announce this initiative which is intended to firmly establish our footprint in the Indian market. Myntra is one of the leading platforms in the fashion and lifestyle space and we are looking forward to partnering with them to meet the
    hyper-growing stylish aspirations of Indian consumers.”

    Myntra’s EORS-17, is set to bring offerings from over 6000 brands across a whopping 17 lakh styles.
    As a part of the event, Myntra is also presenting EORS specials and Kenneth Cole will be a part of the
    EORS specials this edition. First-time shoppers can expect a flat ₹500 off on their initial transaction,
    along with free shipping on their first four orders, while also receiving exciting coupons for future use.

  • Levi’s largest Southeast Asia store lands in Singapore

    Levi’s largest Southeast Asia store lands in Singapore

    Levi’s will be launching new stores and rolling out existing store refreshes as well as new in-store services throughout the East Asia Pacific (EAP) region. New stores are expected to launch this year in Singapore, Malaysia, Indonesia, Japan, Australia, and Thailand. This is part of the company’s plans to accelerate sustainable business and commercial growth in the EAP region.

    Its stores and shop-in-shops will be refurnished into NextGen Indigo stores, and this will be done using digital tools to streamline the consumer journey, including installing LED portal entry archways and LED screens for marketing content. Levi Strauss & Co. managing director and senior vice president of EAP, Nuholt Huisamen, said that in Thailand alone, close to 100 new retail stores will be introduced in the new NextGen Indigo format, eight of which opened on 1 April. This marks the pivot towards a 100% owned-and-operated business model in the country, added Huisamen.

    Select stores in the region will also introduce in-store tailoring services to offer greater personalization of apparel. According to Levi’s, as the retail market finds its new equilibrium, the company will focus on omnichannel engagement, leveraging the hybrid customer experience model. Some of the brand’s marketing plans for 2022 include leveraging the brand experiences with initiatives such as 501 Day and the Levi’s Music Project. 501 Day is a global campaign that commemorates the iconic blue jean receiving its official patent. Similarly, the Levi’s® Music Project is a programme that connects with and supports artists and aims to leave a more global footprint.

    Exciting consumer-facing events and activities in Bangkok will also be announced, Huisamen said, adding that more localised activities will be rolled out in key markets this year.

    D2C focus played a role in financial success

    Levi Strauss & Co., which owns Levi’s, Dockers, and Beyond Yoga, reported an 11% increase in net revenue on a reported basis in Asia during the first quarter of the year. The increase was driven by both its D2C and wholesale channels and most markets, despite a few markets continuing to experience COVID-related impacts.

    Direct to consumer (D2C) net revenues for the region increased 17% driven by strong performance in its company-operated stores, as well as eCommerce, which was up 22%. Wholesale net revenues increased 5% driven by strength of the Levi’s brand across several markets. Net revenues through all digital channels grew 17% and represented 14% of the segment’s sales in the quarter.

    Huisamen credits its success with placing consumer at the centre of everything it does and its focus on D2C. Huisamen cited the recent expansion into Thailand as an example of this. With Levi’s global D2C eCommerce increasing by 22% in the past year, the company prioritised its Thai eCommerce site and created a dedicated CRM programme as well, to respond to the omnichannel behaviour of its younger, digitally savvy target audience.

    With young consumers becoming a priority audience, Huisamen said that it is important the brand continue to adopt a digital-first mindset to better serve and appeal to them – both from a marketing and consumer standpoint. Levi’s has thus dialled up its social media presence locally with newly launched channels on platforms such as LINE, Facebook, Instagram and Twitter. On top of that, there are brand collaborations and collections with other brands such as The Simpsons, BEAMS, Human Made and Levi’s® Fresh. These have already been rolled out in the region, and reflect the brand’s push to connect with younger audiences.

  • Desigual’s new store lands in Singapore’s Ion Orchard

    Desigual’s new store lands in Singapore’s Ion Orchard

    Located in the “prime location” of the Ion Orchard shopping center, the new store features an enhanced shopping experience “so that consumers can enjoy Desigual from a new perspective,” as stated by the brand.

    Over this fiscal year, the company has redesigned its strategy for Asian markets. In Singapore, the brand plans to reopen its Raffles City store in early 2023 and has already renovated its Vivo City store where the company has been operating for more than 16 years. This space features Desigual’s new art gallery concept like its new boutique.

    “With this store opening, we now have a presence in the most important shopping areas with our new brand image,” said Balazs Krizsanyik, head of the Barcelona-based brand in Asia.

    “We try to adapt to the specific characteristics of each market, without losing the essence of what Desigual stands for. In addition, we believe that Singapore continues to be a point of reference and benchmark within the region and provides us with a significant opportunity for expansion over the next few years,” he added.

    For his part, the company’s global commercial director, Oriol Martínez, said that Desigual’s future plans “include accelerating international expansion to implement its new brand image and paying special attention to Asian markets”. According to him, the region has always played “a very important role” in Desigual’s international business and currently “has great potential for growth”.

    Desigual’s arrival in the Asian market did not take place until 2008, when the colorful brand opened its first store in Singapore. Today, the Barcelona-based company already has around 190 points of sale in Japan, its fifth largest market in terms of turnover, China, Hong Kong, Macau, South Korea, Australia, the Philippines, Malaysia, Indonesia and Taiwan through its own stores, the online channel and multi-brand stores.

    In the Chinese market, where the company recently signed a joint venture with its local partner E-Shine, Desigual plans to launch up to 60 stores and accelerate its online sales.

    Founded in 1984, Desigual currently has more than 2,600 employees and is present in 109 countries through 10 sales channels, 393 mono-brand stores and six product categories. In 2021, the company raised its turnover by 3.4% to 371 million euros.

  • Prada hires former Luxottica chief Andrea Guerra as new CEO

    Prada hires former Luxottica chief Andrea Guerra as new CEO

    Patrizio Bertelli, the current CEO of the premium brand, will be chosen chairman at the annual shareholder meeting next spring. He will succeed Paolo Zannoni, who will be proposed for the position of executive vice chairman of the group and chairman of Prada Holding, the parent firm.

    Current Co-CEO Miuccia Prada, age 73, will continue to serve as creative director of the Miu Miu and Prada brands, the latter with Belgian designer Raf Simons, and as a board member.

  • Japanese eyewear retailer Aigan to exit China

    Japanese eyewear retailer Aigan to exit China

    The company said that Japanese eyeglasses seller Aigan will leave the Chinese market as the impact of the coronavirus dims its hopes for turning a profit.

    Already weak earnings in China have been squeezed further by coronavirus-related disruptions that forced temporary store closures.

    The Osaka-based company’s Chinese arm has lost money for seven straight years since 2015.

    Aigan set up a China unit in 1994 and later expanded to six stores in Beijing and Tianjin, including franchisees.

    Also, on Monday, the company projected a group net loss of 425 million yen ($3 million) for the fiscal year ending March 2023 — wider than the previously forecast 315 million yen. It cited losses related to liquidating the Chinese unit, estimating them at 110 million yen.

  • Louis Vuitton picks Shanghai for first furniture and homewares store

    Louis Vuitton picks Shanghai for first furniture and homewares store

    Louis Vuitton on Friday announced plans to open a dedicated furniture and homewares store in Shanghai, a world first for the French luxury brand as it aims to expand further into lifestyle offerings to affluent Chinese clients.

    The appointment-only showroom, which will open on Monday, is located in a century-old three-storey mansion situated just behind Nanjing Road, the city’s premier upscale shopping strip.

    Louis Vuitton, part of LVMH, said in a statement the showroom will be trialed for several months as a pop-up and if successful will then become a permanent feature.

    While no price tags were on show at the store during a media preview, a Louis Vuitton employee said a brightly hued hanging cocoon chair designed by the Campana brothers is priced at more than 700,000 yuan ($97,860) and a small lamp resembling a glass milk bottle encased in leather straps cost 10,500 yuan.

    A smaller side building is dedicated to showing designs by Frank Chou, the first mainland Chinese designer tapped by Louis Vuitton to collaborate on the Objet Nomades collection, as the furniture and homewares ranges is known.

    Finding new avenues for growth, particularly among wealthy consumers, is becoming increasingly important for luxury brands in China as COVID-19 curbs, a property market decline, and widespread economic uncertainty pressure luxury spending.

    Louis Vuitton dipped its toes into a more lifestyle-oriented offering in China last month when it opened a store in the southwestern city of Chengdu that included an exhibition space and restaurant.

    “LMVH is striving to … reposition itself as a contemporary luxury brand by tapping new avenues that resonate with dynamic Chinese Millennials and Gen Z consumers,” said GlobalData consumer analyst Bobby Verghese, whose firm reckons sales in China’s home sector will grow to $782 billion by 2026.

    Verghese sees homewares as a good bet for Louis Vuitton, especially in China.

    “Unlike their predecessors who prioritized privacy, the Gen Y digital immigrants and Gen Z digital natives are not averse to flaunting their lifestyles on social media,” Verghese said. “LMVH aims to gain an early-bird advantage in this emerging space.”

  • Alessandro Michele is stepping down as Gucci’s creative director

    Alessandro Michele is stepping down as Gucci’s creative director

    The company announced Wednesday that Alessandro Michele is stepping down as Gucci’s creative director. Michele, who has been with Gucci for 20 years, assumed the role in 2015. Before becoming creative director, he was in the company’s shoe and accessories department.

    “There are times when paths part ways because of the different perspectives each one of us may have,” Michele said in a statement released by Kering, the luxury goods brand that owns Gucci. “Today an extraordinary journey ends for me, lasting more than twenty years, within a company to which I have tirelessly dedicated all my love and creative passion.”

    Michele brought a genderfluid and maximalist aesthetic to the brand, which was a departure from Tom Ford’s sleek and provocative rebranding which saved the company in the 1990s.

    Kering wrote that Michele “has played a fundamental part in making the brand what it is today through his groundbreaking creativity, while staying true to the renowned codes of the House.”

    Dakota Johnson, Harry Styles and Lana Del Ray all led Gucci campaigns, which saw accelerated sales when Michele was in charge. Gucci’s revenue rose from just under €4 billion ($4.1 billion) in 2015 to €9.7 billion ($10 billion) in 2021. However, its success took a hit due to the pandemic, and now Gucci is looking to revamp.

    Michele described the people behind Gucci as his adopted family and thanked them in his statement. He left them with a wish: to continue to cultivate their dreams, “the subtle and intangible matter that makes life worth living.”

    “May you continue to nourish yourselves with poetic and inclusive imagery, remaining faithful to your values,” he said. “May you always live by your passions, propelled by the wind of freedom.”

    A new creative director has not yet been announced.

  • Mango introduces ‘New Med’ concept store to Asia

    Mango introduces ‘New Med’ concept store to Asia

    As part of its new store opening in Singapore, Spanish retailer Mango has debuted its ‘New Med’ concept for the first time in Asia, as it continues to follow through on its international expansion.

    The new 500 square metre space adds to its growth in the region, with it now operating 10 stores in Singapore following a number of openings in April this year.

    It comes as the brand celebrated 30 years of “international expansion” in 2022, as it continued to report on accelerated growth of development abroad.

    In a release, Mango said it will round out the year with around 270 new stores worldwide, bringing its retail network to approximately 2,600 stores across all five continents.

    Speaking on the topic, the company’s expansion director, Daniel López, said: “We are celebrating 30 years of international expansion by strengthening our commitment to Asia, one of the most important markets in the company’s internationalisation strategy and one in which we want to continue growing in the future.”

    Mango initially launched in the continent in 1995 with store openings in Singapore and Taiwan.

    It now currently operates over 450 stores in Asia, including company-owned locations and concessions in department stores.

    Among its presence in the region, Mango counts India as one of its key focuses for international expansion, with it opening 33 stores in the country between 2021 and 2022.

    In Europe, the retailer has also committed to developing in markets such as France, Italy and the UK, while outside its key expansion markets include the US and Canada.

  • Estee Lauder to buy Tom Ford in US$2.8 billion deal

    Estee Lauder to buy Tom Ford in US$2.8 billion deal

    Estee Lauder Cos. Inc. said on Tuesday it agreed to buy U.S. fashion label Tom Ford for US$2.8 billion, its biggest deal yet, adding a line of beauty products and apparel to the Clinique brand owner’s portfolio.

    Luxury companies have so far enjoyed steady demand for their products, but cracks are starting to show as decades-high inflation forces some customers to tighten their purses.

    Estee said this month U.S. retailers were cutting stocks of its products amid worries of a demand slowdown and lowered its full-year forecasts, hurt by lockdowns in China.

    While Estee Lauder already sells Tom Ford beauty products and fragrances, the deal has raised some eyebrows on Wall Street.

    “Given the strength of Tom Ford Beauty, especially in EL’s most significant long-term growth market of China, we understand the appeal of the deal, but handling the fashion businesses leaves some questions,” Raymond James analyst Olivia Tong wrote in a note dated Nov. 14.

    The deal is the latest in a series of acquisitions by Estee Lauder, including taking control of Ordinary skincare brand owner Deciem last year for about US$1 billion.

    As of Tuesday’s close, Estee’s stock fell 17% since the deal talks with Tom Ford were reported by the media in August.

    Last week, Tom Ford entered into exclusive negotiations with Estee Lauder, beating competing bids from companies including Gucci owner Kering SA, the Financial Times reported on Friday.

    Estee expects to fund the transaction through a combination of cash, debt and US$300 million in deferred payments to sellers that become due beginning in July 2025, the company said.

    Chief executive officer Tom Ford will continue to serve as the brand’s creative visionary.

    Perella Weinberg Partners LP served as financial adviser to Estee, while Paul, Weiss, Rifkind, Wharton & Garrison LLP was its legal counsel. Goldman Sachs & Co. LLC was Tom Ford’s financial adviser and Skadden, Arps, Slate, Meagher & Flom LLP its legal counsel.