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.

  • Reliance Retail opens first freestanding GAP store in Mumbai

    Reliance Retail opens first freestanding GAP store in Mumbai

    In this second phase, after opening over 50 Gap shop-in-shops since last year, Reliance Retail will help open a series of freestanding Gap stores across the country in the coming months.

    New Delhi: Reliance Retail, on Friday, has opened the first freestanding Gap store in India at Mumbai’s infiniti Mall, Malad, the company announced in a media release. This launch is in line with the long-terme partnership of the two firms as Reliance Retail is the official retailer for GAP across all channels in India.

    In this second phase, after opening over 50 GAP shop-in-shops since last year, Reliance Retail will help open a series of freestanding GAP stores across the country in the coming months.

    Akhilesh Prasad, President and CEO, Fashion & Lifestyle, Reliance Retail Limited, said: “While the opening of freestanding stores is an important driver of GAP’s long-term growth plan in India, it also gives us yet another opportunity to bring world-class brands and a differentiated shopping experience to our discerning Indian consumers.

    Currently, Reliance Retail is India’s largest retailer with established competencies in operating robust omnichannel retail networks and scaling local manufacturing and driving sourcing efficiencies. Through this partnership, Reliance Retail will bring Gap’s shopping experience to customers across India through a mix of exclusive brand stores, multi-brand stores, multi-brand store expressions and digital commerce platforms. The global lifestyle retailer Gap, founded in San Francisco in 1969, said it has a strong vision of doing more than selling clothes.
    Adrienne Gernand, Managing Director of International, Global Licensing and Wholesale at Gap Inc said, “Growing Gap’s brick-and-mortar business through the launch of freestanding stores and multi-brand store expressions enables us to increase accessibility for Indian customers and meet them where they are shopping.”

  • Coty SEA blends physical and digital space for limitless store access

    Coty SEA blends physical and digital space for limitless store access

    Coty SEA stores offer services that give the same customer experience online.

    There is no telling when one’s favourite perfume or go-to moisturizer runs out, which some shoppers can solve with a quick dash to the store. On days they are not so lucky, shoppers are left waiting for their next store-run, but this does not have to be the case as Coty Sea blends the physical and digital space.

    “If customers have already bought the product and it is running out, they can then just text our beauty advisors to get a replenishment, and the product can be sent to them,” Estella Lau, Country Manager, Singapore & Prestige Distributor, Coty said.

    She said Coty plans to launch a beauty concierge service through which customers can reach their beauty advisors in a call or chat for advice or makeup tips, even when their free-standing store has closed down for the day.

    Lau highlighted the role brick-and-mortar stores play for brands even amidst the acceleration of technological adoption of the industry. Coty SEA strived to use the physical space to complement the company’s digital channel to elevate the customer experience.

    “Brick-and-mortar is definitely not going away. It remains a key platform for us to engage the customers as we say we want to create a community space where customers can come and play with the product or enjoy a makeover or master class,” Lau said.

    Coty recently partnered with Chloé Atelier des Fleurs, which opened its first pop-up boutique in Singapore. The store replicated a Parisian florist’s boutique, where shoppers can mix and match 17 niche scents to whip their own unique fragrance, much like making a bouquet.

    In their Chloé Atelier de Fleur boutique, Coty SEA has assigned beauty advisors ready to help shoppers who prefer face-to-face interactions; whilst those who prefer to shop alone can play with a digital “Bouquet Finder,” which will likewise take customers to a fragrance layering experience.

    Lau said the company has observed a monthly increase in footfall since launching in October 2022. More than this, there is also a noticeable growth in their conversion rates amongst the shoppers coming through their doors.

    This brings to light the significance of having the right investments in place. Lau said retailers need to beef up their operations not just through investments in their digital technology infrastructure, but also by bringing the right people on board.

    “Technology is one thing, but behind all that technology needs competent people with very strong digital marketing skills, digital commercial skills, and someone who can understand consumer needs and consumer shopping behaviour,” Lau said.

    Whilst e-commerce development is critical, she said that retailers need to also invest in creating an experience that is more personal to the consumer; but businesses have to make sure that the experience is reflected in both the physical and digital space. At Coty SEA, stores have a “shop space” to take their clients through the same experience online.

    The Gucci Beauty Flagship store at ION Orchard, for instance, uses augmented reality to bring shoppers to the Gucci Beauty universe, where they can learn and play with beauty products. They also have the option to virtually try-on makeup using in-store gadgets.

    This will need a better understanding of consumers, which retailers can achieve with improved data analytics capabilities that could track the frequency of shoppers’ store visits, or determine the key promotion drivers that shape their behaviour.

    “For customers who want a more bespoke experience, we offer the art of fragrance layering with our ultra-luxe range, the Alchemist Garden, where customers can learn about how they layer fragrance oil with perfume water, and with the fragrance of their choice and really have a wonderful premium experience,” Lau said.

    Investing in people may also be internal as seen in how Coty SEA puts effort into training their beauty advisors. Lau said their people are not just skilled in making transactions, but also in personally engaging with customers through storytelling or even by making them feel more pampered.

    On top of these, Lau said retailers can no longer exist on their own, hence, they need to start looking at partnerships with other brands to offer a different, layered, and more interesting experience to customers. Through partnerships, they can develop limited edition products, or even create ones that shoppers can exclusively get online.

    “If we don’t keep up, we risk losing market share. Now it is not even a choice because this is what the shoppers want. They want to be shopping 24/7. They want to be shopping at their convenience, at their own time,” Lau said.

    “It is really imperative now for retailers to continue to connect and engage with all our multi-generational consumers and new audiences to stay relevant.”

  • Forever 21 returns to Japan with new upscale image

    Forever 21 returns to Japan with new upscale image

    TOKYO — U.S. fast-fashion chain Forever 21 returned to Japan on Tuesday, more than three years after pulling out of the country, aiming to break away from its former mass-production image with items tailored to Japanese tastes and an emphasis on responsible environmental practices.

    The store started selling products online on Tuesday morning through an e-commerce site operated by Japanese apparel company Adastria. It also opened a limited-time pop-up store in Tokyo’s bustling Shibuya district on the same day.

    “I feel like their prices have gone up, but the fabric seems durable so I could probably wear them for a long time,” said a woman in her 20s who visited the pop-up store, where people were lining up before the 11:00 a.m. opening. She had viewed the products online, but visited the shop to check the quality of the fabric.

    The company plans to open its first permanent store in Osaka in April. It aims for 15 stores in the country by February 2028, with sales including online totaling 10 billion yen ($74.5 million).

    Forever 21 made a full-scale entry into Japan in 2009, operating about 20 stores at one point and leading the fast-fashion boom in the country. But the rise of online shopping and changes in consumer tastes cut into sales, leading the American parent company to file for Chapter 11 bankruptcy protection in September 2019.

    The retailer withdrew from Japan in October of that year. In 2022, Japanese trading house Itochu bought the rights for the brand in the Japanese market from a U.S. investment fund that acquired Forever 21 in 2020. Itochu signed a sublicense agreement with Adastria.

    About 80% of the company’s new collection was developed by Adastria for Japanese consumers, with the average price of items set around 4,000 yen. Forever 21 aims to position itself as a brand that offers both affordable prices and high fashion sense, focusing on women in their teens to 30s.

    The company is taking environmentally friendly initiatives such as improving inventory control, collecting used clothing and reducing the amount of water used during denim processing, hoping to move on from fast fashion’s image of producing, selling and disposing of mass quantities of clothing.

    The Tokyo pop-up store is open until Sunday, and most items on display must be purchased online. In March, another pop-up shop will open at a mall in Yokohama, south of Tokyo.

  • Fashion brand Unhidden brings clothes made for all bodies to LFW

    Fashion brand Unhidden brings clothes made for all bodies to LFW

    Fashion designer Victoria Jenkins unveiled stylish and practical clothes made for people with disabilities on the runway at London Fashion Week on Friday, in a collection intended to address a gap in the market.

    “Unhidden is an adaptive fashion brand… primarily targeted at inclusion within the fashion of people with disabilities,” Jenkins told Reuters.

    During a hospital stay when another patient raised it, Jenkins, who has reduced mobility, first discovered a gap in the market for clothes designed with all bodies in mind in 2016.

    Surprised that only a few brands, including Tommy Hilfiger, offer such fashion for all, she decided to use her previous experience as a garment technologist to set up her own brand.

    A model presents a creation during the “Unhidden: A New Era in Fashion” catwalk show, with designs presented by models who all live with a disability, chronic condition or visible difference, during London Fashion Week in London, Britain, 17 February, 2023.

    “When I had this idea, it was like a light bulb and just everything changed,” she said.

    “It helps me personally… but also I see the impact around me of people being able to dress how they need to.”

    Jenkins demonstrated a royal blue shirt with pop snaps that open and close easily, as people who have had strokes can struggle with buttons.

    “It also has openings all down the arm,” she said, so that anyone going through treatment “can access their arm without taking any clothes off. It’s about dignity.”A model presents a creation during the “Unhidden: A New Era in Fashion” catwalk show, with designs presented by models who all live with a disability, chronic condition or visible difference, during London Fashion Week in London, Britain, 17 February, 2023. Model and content creator Jessica Ping-Wild, who uses a prosthetic leg and struggles to find suitable trousers, said a brand like Unhidden makes all the difference.

    “A designer taking into consideration the fact that bodies are different… it’s almost breaking that mould of beauty that has been so ingrained in society for centuries,” she said.

    Jenkins’ collection also includes shirts with longer backs for wheelchair users as well as tailor made suits. She hopes her clothes become even more readily available in the future.

    “Diversity without disability isn’t diversity. It feels like it’s the last taboo. People are still scared of the D word. You know, disabled is not a bad word,” she said.

  • Fendi opens first flagship boutique in South Korea

    Fendi opens first flagship boutique in South Korea

    Fendi has opened the doors to its first flagship boutique in Seoul, South Korea. Dubbed “Palazzo Fendi Seoul,” the 715 square meter (approximately 7,696 square feet) store is located in the Cheongdam-dong neighborhood of the city and houses the brand’s women’s and men’s ready-to-wear and fur collections, shoes, accessories, leather goods, and home accessories across four levels.

    The impressive façade combines geometric diagonals in stainless steel finishing and central glass windows that converge towards the corner of the building, through a modern and urban reinterpretation of classic Roman patterns.

    The façade is emphasized by LED arches, Fendi signature element recalling those of Palazzo della Civiltà Italiana – Fendi’s Rome headquarters.

  • Diesel partners with Jaspal Group to expand in Southeast Asia

    Diesel partners with Jaspal Group to expand in Southeast Asia

    s to distribute and market the Italian fashion brand Diesel in Thailand and Vietnam, according to the Bangkok Post.

    Jaspal Group has opened Diesel’s first flagship store in Thailand inside Bangkok’s giant shopping mall CentralWorld, taking Diesel’s store count in the country to four.

    The new store was designed under the ‘Sunshine’ concept, featuring the brand’s signature red and white colour scheme. Located on the mall’s first floor, Diesel CentralWorld is home to the brand’s full range of ready-to-wear collections and accessories.

    Jaspal Group has also opened Vietnam’s first Diesel store inside the Takashimaya department store in Ho Chi Minh City. The company has a presence in three countries with 70 stores across different brands, including Lyn, Mango, Champion, CC Double O, and Superdry.

    LVMH-owned luxury fragrance house Maison Francis Kurkdjian has also opened a flagship store in Thailand at the luxury shopping complex IconSiam after five years of operation in the country in partnership with Prestige Products Thailand.

    The luxury fashion market in Vietnam and Thailand has experienced significant growth as demand for high-end products soars, especially now China’s border reopening has bolstered tourism there.

    Vietnam’s luxury fashion operator Imex Pacific Group Fashion, whose portfolio of brands includes Cartier and Christian Louboutin, has rece

  • H&M to shut high-profile Singapore store

    H&M to shut high-profile Singapore store

     H&M’ s two-storey Ion Orchard outlet is closing in March, after a run of more than a decade.

    Opened in 2012, the store’s last day of operations is on March 12, according to a Facebook post by the Swedish fast-fashion brand on Feb

    The post added: “But don’t worry. We’ll meet in other places.” The retailer, which currently has nine outlets in Singapore, shuttered two outlets in recent years.

    H&M’s Tampines Mall outlet was shut in August 2020, while its Waterway Point outlet in Punggol closed in January 2021.

    The Straits Times has contacted H&M for comment.

    H&M entered the Republic in 2011 with a flagship store at Somerset.

    The world’s No. 2 fashion retailer – behind Inditex, which owns Zara – has had a spate of closures in Europe, spurred by factors such as the Ukraine-Russia conflict and high inflation.

    According to media reports, one in five of its Britain-based stores had closed in the past few years, with four more stores earmarked to close this year citing “a rapid change in customer behaviour”.

    In October 2020, the retailer said it planned to cut 250 of its stores globally. As at Nov 30, 2022, it had 4,465 outlets worldwide.

    Luxury brands have weathered factors such as the Ukraine-Russia conflict far better than their high-street counterparts.

    While H&M saw its net profit fall 68 per cent from 2021 to 3.6 billion Swedish kronor (S$450 million), French multinational LVMH – which owns brands including Tiffany & Co, Christian Dior and Sephora – had a record year in 2022, raking in a 23 per cent jump to hit €79.2 billion (S$112.9 billion) in 2022.

  • Amorepacific Group’s net profit halved last year

    Amorepacific Group’s net profit halved last year

    On April 28, Amore Pacific Group announced key figures for Q1 FY2022, with the Korean beauty giant reporting sales of $997 million, down 9% year-on-year, operating profit of $136 million, down 13.4% year-on-year, and net profit of $104 million, down 25.2% year-on-year.

    The earnings report noted that domestic sales in Korea continued to account for the largest share of sales at 62.9%, down 9.9% year-over-year, while overseas sales fell 6.1%. In addition, in its fiscal 2021 earnings report, it noted that the Korean beauty giant’s sales rose 8% to $4.26 billion in 2021, which ended on December 31 last year, while operating profit soared 136.4% to $286 million, with sales up 8% year-over-year to $4.2 billion and net profit of $240 million , a 1224% jump compared to 2020.

    For the reason that its revenue decreased 10%, Amore Pacific Group said pure domestic (Korean) revenue increased from strong online sales growth (over 20%) but travel retail revenue declined by double digit (24% of total revenue).

    In the first quarter of 2022, group revenue in Asia fell 10% to $300 million due to revenue decline from resurgence of COVID-19 and restructuring of offline stores.

    Notably, in Asia, Amore Pacific’s premium brand Sulwhasoo contributed accounting 35% in its Luxury Subsidiary. Sulwhasoo strengthened representative anti-aging solution line of Sulwhasoo strengthened its representative anti-aging solution line of “Concentrated Ginseng Renewing Serum Ex, eye cream”.

  • Uniqlo parent says profit slipped as Japan, China drag growth

    Uniqlo parent says profit slipped as Japan, China drag growth

    Japan’s Fast Retailing Co, owner of clothing brand Uniqlo, said on Thursday that first quarter earnings slid 2%, reflecting weakness at home and continuing COVID-19 restrictions in China.

    A day after announcing plans for big wage rises, the company said operating profit had been 117.1 billion yen ($889.82 million) in the three months to the end of November, compared with 119.4 billion yen a year earlier.

    The consensus forecast was for 135.3 billion yen, according to the average of five analyst estimates collected by Refinitiv.

    Domestic results were hit by warmer weather in November that stifled sales of fall and winter wear, while COVID curbs continued to weigh on China, including the temporary closure of 247 stores in Beijing and Guangzhou.

    “Once ‘with corona’ lifestyles take root, we think a normal operations will come back on the Chinese mainland,” CFO Takeshi Okazaki told reporters.

    Sales and earnings in all other regions increased. The company held its full-year operating profit forecast at 350 billion yen.

    The company, Japan’s biggest retailer, sent shockwaves through the country on Wednesday by saying it would lift its employees’ wages by as much as 40%. That greatly satisfied policymakers, who had been urging employers to raise wages to help offset the highest inflation in a generation.

    “From a macro perspective, this move highlights that it is becoming increasingly difficult for Japanese companies to attract and retain workers,” said Mark Chadwick, an independent equities analyst who publishes on the Smartkarma platform.

    Fast Retailing, which operates more than 3,500 clothing stores worldwide, reported record profit last fiscal year, as growth in North America and Europe compensated for a slump in China.

    The company is seen as a bellwether for the Chinese market, where it produces many of its goods and operates almost 900 Uniqlo stores, more than in Japan.

    Fast Retailing’s share price slid 2% in Tokyo trade, compared to a flat benchmark Nikkei index.

  • LVMH names new CEOs for Louis Vuitton and Dior

    LVMH names new CEOs for Louis Vuitton and Dior

    LVMH Moët Hennessy Louis Vuitton SE, Europe’s most valuable company, is embarking on one of its biggest management shake-ups in years, elevating Pietro Beccari to lead Louis Vuitton and tapping Delphine Arnault, daughter of Chief Executive Bernard Arnault, to run Christian Dior.

    The changes announced Wednesday, effective Feb. 1, involve two of the luxury giant’s largest brands and some of its best-known managers. Both Louis Vuitton and Dior have been on a tear, most recently riding a postpandemic boom in luxury spending that so far has shown little sign of easing.

    LVMH emerged from the pandemic as Europe’s largest company by market value, far ahead of the continent’s industrial stalwarts such as Shell PLC, Airbus SE and Volkswagen AG. Mr. Arnault, meanwhile, has recently usurped Elon Musk as the world’s richest person.

    This year, loosened Covid-19 restrictions in China—one of the luxury industry’s biggest markets—have further boosted LVMH’s shares, which rose as much as 2% on Wednesday to hit a record intraday high, bringing year-to-date gains to 13%.

    In taking the helm of Louis Vuitton, Mr. Beccari succeeds Michael Burke, who has led the fashion brand for a decade. Mr. Burke is one of the most trusted lieutenants of Mr. Arnault—LVMH’s CEO and controlling shareholder—having worked with him since the 1980s. LVMH said Mr. Burke, 66 years old, would now assume new duties, reporting directly to Mr. Arnault.

    Mr. Beccari currently leads Dior, where he will be succeeded by Delphine Arnault, the eldest of Mr. Arnault’s five children.

    The management changes mark a homecoming of sorts for Ms. Arnault, who worked for 12 years at Dior before joining Louis Vuitton as No. 2 in 2013. It is also the first time she takes on a CEO job at one of LVMH’s brands. At Louis Vuitton, Ms. Arnault was in charge of all product-related activities. She was recently responsible for a collaboration between the brand and Japanese artist Yayoi Kusama for a major new collection.

    Ms. Arnault’s elevation will be closely watched in Paris business circles, where monitoring the progress of Mr. Arnault’s children with a view to potential succession is a favorite pastime. All of Mr. Arnault’s children have responsibilities at the luxury conglomerate that he has built over decades. Last month, Mr. Arnault named his eldest son, Antoine Arnault, CEO of the family holding company that owns the bulk of the family’s stake in LVMH.

    The challenge for both Ms. Arnault and Mr. Beccari will be to keep the growth humming at Louis Vuitton and Dior as the global economy confronts challenges ranging from high inflation to Covid-related disruption in China and the war in Ukraine. In November, consulting firm Bain & Co. forecast that sales of personal luxury goods would rise between 3% and 8% in 2023, a sharp slowdown on last year’s growth that it estimated would be 22%.

    The strength of Louis Vuitton and Dior, which in recent years have both proved popular with shoppers regardless of the fashion trends of the day, have been instrumental in helping LVMH become the world’s biggest purveyor of luxury goods, extending its lead over rivals such as Gucci-owner Kering SA and Cie. Financière Richemont SA, which owns Cartier.

    In returning to Louis Vuitton, Mr. Beccari rejoins a leather-goods juggernaut that he first joined in 2006. In recent years, the Italian executive has overseen remarkable growth at Dior, where analysts estimate revenue has more than tripled over the past five years. At Dior, Mr. Beccari’s achievements include the opening of a huge new flagship store in Paris’s luxury shopping district that extends over five levels.

    Mr. Beccari has also become known for pushing an array of high-visibility projects around the globe. Recent examples include a fashion show last month in front of Egypt’s ancient Giza pyramids as well as a major partnership with Harrod’s, the luxury British department store, for the Christmas season.

    Mr. Beccari now takes responsibility for LVMH’s biggest brand. LVMH doesn’t disclose revenue for individual brands, though analysts at Citi estimate that revenue at Louis Vuitton rose to 21.8 billion euros, equivalent to $23.40 billion, last year. “Vuitton has become one of the strongest and most resilient luxury brands,” they said Wednesday.

    That rise has come under the leadership of Mr. Burke, whose tenure at Louis Vuitton included the brand’s much-hyped collaboration with cult streetwear brand Supreme in 2017 as well as tapping the late Virgil Abloh as menswear artistic director the following year.

    On Wednesday, Mr. Arnault credited Mr. Burke with extending Louis Vuitton’s lead over its competitors and promoting the brand’s heritage while anchoring it in modernity.

    A dual French-U.S. citizen, Mr. Burke has worked for Mr. Arnault since graduating from business school, initially on real-estate investments in the U.S. before taking the helm of Christian Dior USA in 1986.

    He also oversaw the integration of U.S. jeweler Tiffany’s into LVMH. As part of the organizational changes announced on Wednesday, Tiffany’s—which LVMH bought for more than $15 billion in 2021—will now be housed in the group’s watches & jewelry division.

  • 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.”