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Tag: Bloomingdale’s

  • Elliatt launches first brand store in China

    Elliatt launches first brand store in China

    Six-year-old Melbourne design brand Elliatt has opened its first-ever own-brand store – not in Australia, not in an established market of the West, but in China.

    However, it did use its home city’s most famous sporting event, the Melbourne Spring Racing Carnival, to promote its arrival in Shanghai with the first of 16 stores for an initial roll-out.

    It invited Chinese actress Zhang Meng (“Lemon”) to socialise in the celebrity “birdcage” area at the race course for two days, showing off a range of Elliatt styles and, of course, sending out images and comments to her 7.6 million Weibo followers in China.

    “Iconic sporting events like this provide a great opportunity for local brands and designers to launch themselves on to the world stage and break into new markets, especially in China,” says executive director for trade Gonul Serbest of Trade Victoria, a government department that connects state brands with international partners. “The races have always been a place for Melbourne to flaunt its reputation as Australia’s fashion capital.”

    Elliatt’s target niche is consumers between 25 and 35 years old who want well-cut clothing with special details such as lace, embroidery and prints, and high-quality materials at a price point within the accessible luxury segment.

    Global boutiques

    Its fashions are stocked in more than 1200 boutiques globally, including Bloomingdale’s and Nordstrom, and the brand has distribution networks spanning Asia, Australia, New Zealand, Europe and the US. The brand has turnover of about US$5.3 million annually.

    “China is our biggest growth market,” says Elliatt founder/designer Katie Pratt. “My business partner is Chinese and knows the market quite well. We are seeing more rapid growth with our brand in China in a shorter period than anywhere else.”

    It was this that prompted Elliatt to finally launch an own-brand store, but not at home.

    Pratt believes consumers in China identify strongly with the brand. “We’re quite quirky, we’re colourful, we’re detailed and quite feminine, and that is resonating really well with Chinese consumers. Also, in the areas of the market we are pitching at, there is less competition in China.”

  • Fashion chain Hobbs builds global footprint

    Fashion chain Hobbs builds global footprint

    UK fashion chain Hobbs has reported a significant boost in sales driven by impressive international performances in the US and Germany.

    While same-store sales rose 3.9 per cent in the 13 weeks to December 31, total sales rose 14.3 per cent due to international expansion. Retail Week said the improvement reflected investment in product range and customer experience. Online sales grew 26.7 per cent.

    Hobbs joins other premium clothing retailers such as Reiss, Joules and Superdry to report positive trading results over the Christmas period.

    “This shows the opportunity and success in the premium fashion market despite 2016 being an incredibly tough year for mass market clothing retailers,” observes analyst Charlotte Pearce.

    Last year saw Hobbs open its first international solus store in Westchester, New York and further expansion across Bloomingdales’ store network and on bloomingdales.com. International sales rose by 97.9 per cent as a result.

    “Hobbs’ entry into Germany will prove worthwhile due to its strong British heritage and focus on quality and fit of products,” said Pearce.

    “Outerwear has been reported as a resounding success for Hobbs throughout the UK and its international markets, but as we move into spring/summer 2017 and put our coats to the back of the closet, CEO Meg Lustman and her team will need to close in on who Hobbs is targeting and which key trends will resonate best among its core shopper base to continue this run of better sales.”

    Hobbs is rumoured in the financial press to be up for sale after more than a decade under 3i’s ownership.

    “As we head into a difficult few years of trading, potential new owners must recognise that Hobbs is not yet out of the woods despite a better Christmas trading period.  It must firm up its place in the market and improve brand appeal and awareness to secure a loyal customer base,” concluded Pearce.

  • MCM aims to double sales in five years

    MCM aims to double sales in five years

    German accessories brand MCM, owned and run by South Korean entrepreneur Sung-joo Kim, aims to more than double sales to RM7.8 billion (US$2 billion) within five years.

    Founded in Munich in 1976, MCM is known for its colourful $700 studded canvas backpacks. It  plans to expand in markets from Japan to Europe.

    “We have not even explored the Japanese market yet, we are just starting there,” says Kim.

    Unlike many European brands, MCM does not have a star designer, but has an in-house team of stylists to develop its products. Its collection is loaded with logo-embossed products. Its prices are around the same level as brands such as Celine and Louis Vuitton, and it makes around $700 million in annual sales, similar to Versace, reports Reuters.

    MCM is the second-biggest fashion brand by sales after Louis Vuitton in the duty-free market, where South Korea leads with annual sales of about $8 billion, says Kim. MCM makes about 60 per cent of its sales in Asia, with the balance in Europe, the Middle East and America.

    The youngest daughter of South Korean magnate Kim Soo-keon, Kim built her businesses from scratch after gaining experience at US department store Bloomingdale’s then developing Gucci’s South Korean business. After licensing MCM in 1991, she bought the German brand from a Swiss financier in 2005.

    Kim says she estimates that within five years, 15 to 20 per cent of MCM’s sales could be through eCommerce.

  • Fashion etailer SuperGurl apologises for rape gaffe

    Fashion etailer SuperGurl apologises for rape gaffe

    Singapore online fashion retailer SuperGurl has apologised online and on social media for a homepage banner inviting rape, described by at least one shopper as “absolutely vile”.

    The banner featured a young woman with her arms up in submission and a button users could click on to gain discounts inviting them to “rape us now”.

    The momentously stupid and insensitive promotion – targeting Black Friday shoppers – has received media attention internationally. UK Lifestyle news blog The Debrief referred to it as evidence that Black Friday “brings out the worst in retail brands”.

    On SuperGurl’s Facebook page one follower of the brand Wei Wei Gwee eloquently summed up community anger: “Rape isn’t an advertising angle that one can exploit when thousands of victims suffer the irreparable damage rape has caused to them every day. Not only do you make light of sexual assault, you used this really young girl in a suggestive pose which seems to be extremely inappropriate. I wonder how the model will feel if she knew her photo was being used this way.”

    SuperGurl creative director Jordus Lim posted an unqualified apology on the SuperGurl website and Facebook page claiming the brand never meant to offend anyone. He says a junior graphic designer created the promotion and uploaded it online before the image was approved.

    “I am writing this to express our sincerest apologies pertaining to our insensitive action and the choice of [the] word ‘rape’ during our ‘Black Friday’ sale. We do not mean for it to be offensive to anyone, and I extend my sincerest apology for the lack of a better word.

    “I hereby acknowledge that we have made a mistake, and that our caption does not advocate the right values to the young women community today.

    “Having regretted [sic] for what we have done, the team at Supergurl will definitely be more careful with what we will put up in future as this is also a lesson learnt for us.

    “This is an honest mistake that we have made on our side, and we do know that it is indefensible. We hope that the public will accept our apology for what we have done wrong.”

    Another follower Christina Chew responded, typing Lim’s response “is uncommon valour”.

    “Perhaps the wounds would leave some lingering scars thereafter. But I pray that the scars will heal and you will grow in increasing wisdom.”

    To be fair, as The Debrief points out, SuperGurl is not alone in its poor judgement.

    Last month, American Apparel was criticised for asking employees to wear shirts that read ‘Ask Me To Take It All Off’, while Bloomingdale’s issued an apology for their Christmas ‘date rape’ advertisement, with the caption: ‘Spike your best friend’s eggnog when they’re not looking’, the site reported.

    “When will fashion brands (or any brands for that matter) get the message that rape is not an acceptable advertising tool?”

    Indeed.