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.

  • Skechers opens world-first Performance Flagship

    Skechers opens world-first Performance Flagship

    Skechers has unveiled its first-ever Performance Flagship at West Edmonton Mall in Canada, offering an interactive retail experience space incorporating a half-court layout staging a range of performance products.

    Featuring half-size pickleball and basketball courts, the 700sqm store houses an extensive sales floor and the brand’s innovative athlete-worn technology performance products of footwear, apparel, and accessories.

    “Our new performance store offers competitors at every level the complete experience: from our largest-ever offering of performance footwear, apparel and accessories to Skechers specialists and educators for our diverse sports technologies, and courts where consumers can discover how our product performs without ever leaving the store,” said Michael Greenberg, president of Skechers.

    In addition, customers can explore the latest performance products for any level player, including golf, soccer, training, hiking, running and trail, supported by a roster of elite athletes. The Edmonton store also showcases signature technologies like Hyper Burst Pro, Performance Fitknit, Hands Free Slip-ins, Max Cushioning, and Arch Fit.

  • Adidas posts higher revenue, profit

    Adidas posts higher revenue, profit

    Adidas saw its revenue surge in the last fiscal year, according to the athleticwear company’s preliminary results.

    Revenue soared 24 percent to €23.68 billion (US$24.70 billion), while gross margin improved to 50.8 percent, with operating profit up 398.9 percent to €1.34 billion.

    “We clearly see that consumers’ and retailers’ interest in our products is growing across both lifestyle and performance,” said Bjorn Gulden, Adidas CEO.

    “Strong growth across all regions and divisions proves the good job our teams are doing across regions and functions.”

    Last October, the company said it expects full-year revenue to rise 10 percent and operating profit to reach around €1.2 billion.

    Adidas will publish the final results and 2025 financial guidance on March 5.

  • Guess Jeans to launch in India

    Guess Jeans to launch in India

    GUESS? Inc. is bringing its California-based denim lifestyle label, Guess Jeans, in India.

    The move comes as part of a long-term strategic franchise partnership with Tata Group’s multi-category e-commerce platform, Tata CLiQ, operated by Tata UniStore Limited.

    Under the partnership, Tata CLiQ will serve as the exclusive retailer for Guess Jeans in India, offering the brand’s products through both physical stores and online platforms. The collaboration is aimed at establishing an omnichannel presence, providing Indian customers with seamless access to the latest collections.

    The partnership is expected to drive significant growth for Guess Jeans by expanding its retail footprint across the country.

  • Guess Jeans to launch in India

    Guess Jeans to launch in India

    Guess sub-brand Guess Jeans will launch in India through a long-term franchise agreement with Tata Group’s multi-category e-commerce platform, Tata CLIQ.

    As part of this collaboration, Tata CLIQ will become Guess Jeans’ exclusive retailer in India, growing its retail footprint through brick-and-mortar stores and digital storefronts.

    According to the brand, the collaboration between Guess Jeans and Tata CLIQ will be critical in extending distribution channels and supporting Guess Jeans’ ambition to expand its store network nationwide.

    “As the next step in our global growth initiative for Guess Jeans, we expect a rapidly expanding and prosperous partnership with Tata CLIQ, which is part of the Tata Group in India,” said Nicolai Marciano, chief new business development officer, Guess Inc.

    “Our brand’s legacy, heritage, and innovative outlook on denim, paired with the local knowledge and expertise of Tata Group, ensure a strong and enduring partnership.”

    Guess Jeans is a West Coast lifestyle brand founded by Nicolai Marciano. The brand offers a full line of core basics, concentrating on denim, that captures Guess’s spirit.

    Last year, Tata announced it would postpone the plans to open m

  • Luk Fook’s retail revenue falls in third quarter

    Luk Fook’s retail revenue falls in third quarter

    Luk Fook posted lower retail revenue in the fiscal third quarter as high gold prices continued to weaken consumer sentiment.

    The group’s retail revenue fell 9 percent as Hong Kong and Macau plunged 20 percent and Mainland China soared 27 percent.

    Overall same-store sales plummeted 22 percent, with Hong Kong and Macau decreasing 24 percent and Mainland China falling 11 percent.

    In terms of products, same-store sales of gold fell 26 percent while fixed-price jewelry slid 7 percent.

    During the three months ended March 31, the group saw a net decrease of 65 shops.

    Moving forward, the company plans to actively promote non-diamond fixed price jewellery products as demand for diamond products remains weak.

    The company also anticipates sales of gold products to resume to normal levels after consumers adapt to high gold prices.

    Luk Fook targets to allocate more resources for expansion and add about 15 shops in the overseas markets in the current financial year.

    The company forecasts business performance to improve in the second half.

  • Shein scales up eco-friendly denim production

    Shein scales up eco-friendly denim production

    Shein is scaling its adoption of Cool Transfer Denim Printing technology by 90 per cent to boost sustainability in denim production.

    This method – implemented in 2021 in partnership with NTX – significantly reduces water and energy consumption while streamlining the manufacturing process.

    Last year, approximately 380,000 pieces of Shein denim apparel were made using Cool Transfer Denim Printing, saving more than 10,000 metric tonnes of water compared to traditional production methods.

    Traditional denim production is resource-intensive, requiring large amounts of water and energy for dyeing, bleaching, and washing.

    In contrast, Cool Transfer Denim Printing eliminates these high-consumption steps, using less water, dye, and energy. The method transfers designs from paper to fabric without heat, with a soft-hand feel.

    Aside from the method’s sustainability benefits, Shein said it also improves worker safety by reducing exposure to harmful chemicals like chlorine and caustic soda, commonly used in conventional processes.

  • Miniso to raise $550M through debt instrument

    Miniso to raise $550M through debt instrument

    Chinese lifestyle goods retailer Miniso Group Holding plans to raise US$550 million through a debt instrument to fund its oversea expansion.

    The seller of anything from household appliances to electronics and cosmetics will issue equity-linked securities which is set to mature in early 2032, according to a filing to the Hong Kong Stock Exchange.

    Securities holders may exchange the shares for cash after a six-year period which is set to begin Jan. 14

    Miniso plans to use 50% of the sale for overseas store network expansion and the remaining half for share buybacks.

    The company believes that these initiatives will further enhance its long-term value for shareholders by supporting growth and expansion.

    The securities carry an exchange rate of 0.5% per year, payable every six months.

    They are offered at $8.28 per share, which is 26% higher than Miniso’ stock closing price on Monday.

    This means that investors expect Miniso shares to surpass $8.28 in the next six years.

    Miniso expanded its global footprint by adding 773 new stores in the first nine months of last year, bringing its total to 7,186. Around 59% of stores are located in China.

    The company’s revenue for the first nine months of 2024 surged by nearly 23% to CNY12.3 billion ($1.75 billion), primarily driven by store expansion and increased consumer spending in overseas markets.

    During the same period, gross profit climbed 34% to CNY5.4 billion.

  • Jim Thompson’s new lifestyle store heralds the brand’s global ambition

    Jim Thompson’s new lifestyle store heralds the brand’s global ambition

    Jim Thompson, a global lifestyle brand from Thailand, has opened a stunning lifestyle store in Bangkok. For the first time, the store showcases the brand’s stylish blend of on-trend fashion for men and women, homewares, and contemporary Thai cuisine in a single mall location.

    The 550sqm duplex in the newly opened One Bangkok shopping centre, near the Thai capital’s embassy and expat hub of Silom-Sathorn, is home to the new store that telegraphs the fast-rising company’s global aspirations as a lifestyle brand, entering a new era of refinery and haute couture – without the price tag.

    Founded by James H.W. Thompson in 1951 as The Thai Silk Company, Jim Thompson was a visionary and the driving force behind the current-day emergence of Thailand’s silk industry. For decades, his apparel was popular with tourists. Elephant motifs – the quintessential Thai icon – featured prominently on shirts, ties and other apparel.

    While the brand has been trying to expand beyond that somewhat tourist-driven design element, elephants still have their place in the range, whether as tiny motifs in a silk tie or subtly embroidered into polo shirts or t-shirts.

    “Some tourists still like the elephants because it is distinctly Thai. So we still keep the elephant, but we have made it more sophisticated, like this,” Panjarat Limpinon, chief commercial officer at Jim Thompson, told Inside Retail.

    Jim Thompson is now entering a new era, epitomised by its new brand positioning slogan, ‘Beyond Silk,’ that symbolises an evolution beyond its world-renowned Thai silk heritage to embrace a more comprehensive lifestyle approach that covers all business units – fashion, home furnishings, and hospitality – and its embrace of linen and cotton fabrics, and silk blends.

    “This new store aligns with Jim Thompson’s mission to offer our customers an immersive shopping experience that combines a wide range of products, dining options, and cultural experiences,” said Frank Cancelloni, Group CEO at Jim Thompson.

    “This opening marks another milestone in our transformation journey to become Asia’s first global lifestyle brand.”

    Limpinon told Inside Retail during an exclusive tour that the One Bangkok lifestyle store is the first location in a shopping mall to combine food, fashion and homewares. The three were also linked in the upgraded Jim Thompson Heritage Quarter, where the Jim Thompson House is located, which officially opened last year. The Quarter features a retail store, cafe, bar, restaurant, and event space alongside Thompson’s home on the banks of the Khlong Saen Saep (canal).

    “We are offering the immersive Jim Thompson experience of retail and dining culture.”

    At the Jim Thompson Lifestyle Store at One Bangkok, that experience starts downstairs with a towering entranceway and dazzling displays of men’s and womenswear, including scarves.

    The designs of Jim Thompson’s famous silk scarves are so intricate and striking that customers often buy them to be framed and mounted on walls as art. The One Bangkok store features framed scarves to inspire visitors.

    Upstairs, accessed by a stylish glass lift or stairs, the homewares include cushions, throws, dining tableware, and a limited-edition range of outdoor chairs created in partnership with Thai furniture brand Kitt.Ta.Khon.

    Next to that is a mini-exhibition with a vintage silk loom at its heart, highlighting the brand’s rich heritage. Interactive tablet screens show the process of producing silk at Jim Thompson’s farm several hours outside the capital and share the story – and the mystery – of Jim Thompson, the man.

    “You can see the story from the beginning of our brand history to today,” explains Jirames Suriwongsewarakul, senior manager of retail operations for Jim Thompson.

    “While the Heritage Quarter site focuses on the story of the man, the One Bangkok display focuses more on how Jim Thompson built a company around using Thai silk to make fine garments and furnishings.”

    There is also a display showing some high-profile projects worldwide in which architects and designers have specified Jim Thompson fabrics and furnishings for upmarket hotels, resorts, restaurants, and luxury retail spaces.

    A colour wall created from multiple spools of coloured silk arranged like a rainbow serves as a backdrop for selfies and Instagram photos.

    Food is a growing focus for Jim Thompson, which considers hospitality a key brand element.

    “When we decided to become a global lifestyle brand, we wanted to combine everything: food, art, culture and the retail experience, all in the same place,” explains Limpinon. “That started in the Jim Thompson Heritage House, and now we will roll out this idea to other locations.”

    In preparation for the evolution, Jim Thompson closed down restaurants it operated in Singapore and Japan around the Covid era as it worked to reform the brand in Thailand and create a new offer that could then be rolled out in selected Thai locations before being exported to other markets in the future.

    Jim’s Terrace, the One Bangkok restaurant and bar, serves crafted beverages and delicious Thai foods to be enjoyed with panoramic views over One Bangkok’s green landscape and The Wireless House One Bangkok – Thailand’s first telegraph station built in 1914, revived with a modern contemporary exhibition.

    In design terms, Jim Thompson has been careful to retain what it considers its iconic style. The colours, elements such as the cushion covers, the wooden floors (upstairs) and the framed hero portrait of the brand’s late founder all lend a familiarity to any customer who has experienced the company’s multi-storey Bangkok flagship store or the newer showcase within the heritage compound.

    In time, products will be created exclusively for the store, along with collaborations with other One Bangkok tenants and partners that are already in planning.

  • Inditex posts solid nine-month revenue growth

    Inditex posts solid nine-month revenue growth

    Apparel giant Inditex says its net revenue grew by 7.1 per cent, reaching US$29.04 billion (€27.4 billion) for its first nine months.

    The company says the results reflect strong growth for its physical stores and online channels.

    Inditex’s gross profit increased by 7.2 per cent, totalling $17.33 billion (€16.3 billion), while its EBITDA jumped by 9.3 per cent, reaching $6.09 billion (€5.7 billion).

    The company continued its expansion, with 45 new store openings across multiple markets. By the end of the period, Inditex operated 5659 stores globally.

    Looking ahead, Inditex said it’s focused on its long-term growth, with an investment of $951 million (€900 million) annually in logistics for this year and the next. This investment aims to improve the company’s logistics capacity and enhance its integrated business model.

    Zara, Inditex’s flagship brand, continues to lead the portfolio, along with other brands such as Bershka, Massimo Dutti, Oysho, Pull&Bear, Stradivarius, Uterqüe, and Lefties.

  • L’Oreal acquires South Korea’s Dr.G in skincare deal with Migros

    L’Oreal acquires South Korea’s Dr.G in skincare deal with Migros

    French cosmetics giant L’Oreal said on Monday it had agreed to buy Gowoonsesang Cosmetics, which includes South Korean skincare brand Dr.G., from Swiss retailer Migros.

    The Korean beauty market is dominated by local brands known for being among the world’s most innovative, and increasingly popular overseas as part of a trend for ‘K-Beauty’.

    Dr.G will meet rising demand for K-Beauty and effective yet affordable skincare, L’Oreal said in a statement, adding that it has a growing pan-Asian presence and global growth potential.

    “We have been following the brand and its success for many years and we look forward to accelerating its growth in South Korea and the rest of the world,” said Alexis Perakis-Valat, global president of L’Oréal’s consumer products division.

    Reuters reported on Friday that L’Oreal and Migros were in final talks on a deal. Migros announced a strategic review of its Mibelle cosmetics group in February, saying it wanted to find a new home for the owner of Gowoonsesang and other brands.

    L’Oreal did not give a valuation for the deal, which comes amid a slowdown in China, previously one of the fastest-growing beauty markets.

  • LVMH buys into Swedish label Our Legacy

    LVMH buys into Swedish label Our Legacy

    LVMH has acquired an undisclosed minority stake in Swedish fashion brand Our Legacy, The Business of Fashion reported.

    The transaction comes following Our Legacy posting sales of €40 million (US$42.9 million) in the year ended June 30.

    Our Legacy will use the proceeds of the transaction to strengthen operations and open flagship stores in key cities such as Paris, New York, Los Angeles, Tokyo, Shanghai, and Hong Kong.

    Currently, Our Legacy has two stores in Stockholm, one in London and one in Berlin. It also has three stores in South Korea, in partnership with local distributor Handsome Corp.

    The brand is set to open a new store in Paris in late next year.

    “It’s not like we needed the investment from a cash-flow perspective – our revenue figures doubled three years in a row and we achieved really healthy profitability,” Jockum Hallin, Our Legacy co-founder, told the BOF.

    “It’s more to look to the future as we build the next era.”

  • Watsons opens 8000th Asia store in Manila

    Watsons opens 8000th Asia store in Manila

    Health and personal care retailer Watsons has opened its 8000th Asia store at SM Mall of Asia in Manila.

    “The Philippines has been selected for this momentous occasion because it’s one of the fastest-rising economies in Asia and a strategic market for AS Watson,” said Malina Ngai, CEO of AS Watson Group.

    “This vibrant and highly potential market has a young demographic that increasingly focuses on health and beauty, aligning perfectly with Watsons’ expertise.”

    The new store forms part of the company’s commitment to enhancing its offline plus online customer experience.

    Watsons currently operates 8000 stores and more than 1500 pharmacies in Asia, Europe, and Middle East.

  • Italian jewellery brand Vhernier enters Vietnam

    Italian jewellery brand Vhernier enters Vietnam

    Italian luxury jeweller Vhernier will make its physical debut in Vietnam in collaboration with local distributor Runway Vietnam.

    The brand’s collection, which includes Abbraccio, Calla, and Eclisse, will be available at the Runway Rex Hotel in Ho Chi Minh City.

    Vhernier, founded in Milan in 1984, specialises in hand-sculpted, design-driven jewellery. Richemont acquired the brand entirely in a private transaction in May.

    Vhernier currently has physical operations in Dubai, New York, and Paris. The brand’s products are also available via authorised dealers worldwide.

  • Puma opens its first flagship in Vietnam

    Puma opens its first flagship in Vietnam

    Sportwear retailer Puma has launched its first flagship in Vietnam, following the opening of its largest Southeast Asian store in Malaysia.

    The store is located in the centre of Ho Chi Minh City, in the Vincom Dong Khoi shopping mall, and offers a broad selection of Puma items for men and women.

    The launch is part of Puma’s Southeast Asian development strategy.

    Puma debuted in Vietnam in the 2000s and is distributed exclusively by Maison through around 14 physical stores in Vietnam.

    In June, Puma named K-pop girl band member, Blackpink’s Rose, as its global brand ambassador, joining Rihanna, A$AP Rocky, Dua Lipa, and Skepta.

  • Zara opens first tech-forward concept store in Thailand

    Zara opens first tech-forward concept store in Thailand

    Zara has renovated its store in Central Phuket, making it the brand’s first tech-forward concept store in Thailand.

    The store, which first opened in 2011, features a white minimalist interior design and has more than doubled in size, from 840sqm to more than 1700sqm. It features technology tools that allow customers to integrate online and physical store platforms.

    This is part of the brand’s global rollout of its new concept, which aims to provide customers with a more spacious, innovative, and sustainable shopping experience.

    The Inditex-owned company unveiled its first tech-forward concept store in Madrid, Spain, which it characterised as the “most advanced” store in 2022. The store concept focuses primarily on technology tools that allow consumers to browse the store of their choice online, check available stock, shop online, and pick up their products in just two hours.

    It also promotes sustainability in store, where it uses eco-friendly products and “some of the most advanced environmental eco-efficient systems”

    Zara has also launched this model with stores in the US, India, and Portugal.