Tag: Fashion

  • Nike CEO says Undifferentiated, mediocre retailers won’t survive

    Nike CEO says Undifferentiated, mediocre retailers won’t survive

    Sportswear giant Nike has a message for its thousands of retail partners around the world: shape up or ship out.

    Speaking at an investor day in the US yesterday, Nike brand president Trevor Edwards outlined a step-change for the iconic business in the way it deals with its retail partners, saying that “undifferentiated, mediocre retailers won’t survive,” and committing Nike to “moving away from this over the next five years.”

    Nike, which currently has 30,000 retail partners globally, plans to select around 40 “differentiated retailers”, such as Nordstrom, Footlocker and Amazon, for special collaborations and branded space in-stores.

    No-names were mentioned in terms of who might be on the chopping block in the coming years, but the company is drastically stepping up its direct-to-consumer efforts as part of its plan to reach its $50 billion annual sales target by 2020 – a goal set in 2015 that investors have previously expressed scepticism about.

    To service its ambitions Nike laid out a raft of new targets under a “triple double strategy” laid out by chairman, president and CEO Mark Parker.

    “The consumer today expects a premium experience, with innovative product and services delivered faster and more personally,” Parker said. “Fueled by a transformation of our business, we are attacking growth opportunities through innovation, speed and digital to accelerate long-term, sustainable and profitable growth.”

  • Miele Hong Kong joining Redress in clothing drive

    Miele Hong Kong joining Redress in clothing drive

    Miele Hong Kong, the appliance brand, is joining forces with environmental charity Redress in a bid to challenge residents to be less wasteful with unwanted apparel.

    It is using a citywide clothing drive from November 6 to 19 to re-direct wardrobe items away from landfill and back into the fashion loop.

    While new studies suggest that more than 60 per cent of Hong Kong residents now consider recycling their clothes, 111,690 tonnes of textiles are still being dumped each year. This means that about 15,000 garments or textile items go into landfills every single hour

    The Get Redressed x Miele Clothing Drive is seeking donations of used clothing, shoes and accessories that will directly benefit such charities as Christian Action, Friends of the Earth (Hong Kong), Green Ladies and Green Little of St James’ Settlement, Pathfinders and the Tung Wah Group of Hospitals.

    High-quality clothing and accessories will be sold at the Get Redressed charity/secondhand pop-up shop from November 22 to 25 to raise funds for Redress, enabling it to continue its 10-year legacy of cutting waste out of fashion.

    Partner locations where donations can be left include Caelum Greene in Central, the Miele Experience Centre in Lee Garden Six, and PizzaExpress outlets in K11 Art Mall, V City and Yoho Mall.

    Miele Hong Kong marketing director Richard Green says the company sees the importance of sustainability and is keen to promote laundry care through a holistic approach, including motivating consumers to keep their clothes in use for longer.

    Redress hopes to raise consumer awareness of the importance of clothing care to keep garments in active use longer. It says that extending the life of clothing by nine months is estimated to reduce carbon waste and water footprints by around 20 to 30 per cent each.

  • HKIA seeks luxury retailer for boutique space

    HKIA seeks luxury retailer for boutique space

    Hong Kong International Airport (HKIA) is seeking a retailer to run a luxury boutique concession.

    Tenders have been invited for a 57sqm space in the restricted area of Level 6 Departures in Terminal 1’s East Hall.

    With air, sea and land links around the clock, HKIA serves more than 100 airlines and 70.5 million passengers and is still growing. Of the international travellers passing through the airport, about 45 per cent are executives, professionals and proprietors.

    Tenders, accompanied by a non-refundable cashier’s order of HK$500, must be submitted by December 14.

  • Asics tapped a DJ for its new brand campaign

    Asics tapped a DJ for its new brand campaign

    Asics is debuting a new brand campaign called “I Move Me,” which features DJ Steve Aoki. The athletic shoe and apparel company aims to reset what shoppers know its products for.

    The sports retail market was already facing headwinds before Amazon decided it wanted to encroach on the space. Now, those pains are only being exacerbated.

    In October 2017, Amazon declared that is working with some of the sporting goods’ industry’s biggest suppliers, looking to create its own private-label lines. It is a move that could threaten companies ranging from Dick’s Sporting Goods and Foot Locker, to Lululemon and Gap’s Athletanameplate.

    The sports world could take some “important lessons” from so-called fast-fashion players like Zara, analysts say.

    After he took the helm at Asics, Asics America Group Chief Executive Gene McCarthy  brought in new management, pulled product out of some third-party retailers and even held a “tough” conversation with Amazon, deciding it was best to renegotiate that relationship.

    Asics will sell directly to Amazon, he said, but shoppers can still find the brand on Amazon.com through third-party sellers, or those relationships McCarthy has made a priority as CEO.

    Nike, in comparison, caved earlier this year when it announced plans to sell some of its product assortment on Amazon’s U.S. e-commerce platform.

    Asics is repositioning its brand by telling a story that dates back to the company’s inception in Japan in 1949. Founder Kihachiro Onitsuka built the brand around motivating children to “move” and be active, McCarthy explained.

    Today, Asics is still publicly traded in Japan, and its name is an acronym for the Latin phrase “anima sana in corpore sano,” which translates to “healthy soul in a healthy body.”

    Asics’ “I Move Me” campaign, which rolls out online and in Asics’ handful of stores on Wednesday, was crafted by working with international DJ Steve Aoki. The shoe company has taken a nontraditional approach, using a brand ambassador who isn’t a star athlete, but Asics aims to be unique and hopes to reach a larger audience with its refreshed messaging.

    “My life is not only about music and fashion, but also fitness, nutrition and health,” Aoki said in a statement.

    Aoki is also of Japanese descent. He is already begun promoting the brand on his social media channels, where he boasts millions of followers.

    Asics has also promised more nontraditional brand ambassadors for an athletic shoe company to come. The goal is to have a greater voice in an increasingly crowded market.

    To many shoppers, Asics is considered a brand for “performance” activity, not so much for casual wear. While McCarthy said he doesn’t want Asics to get away from its core and what it does best, he wants to reach more consumers and encourage a healthier lifestyle, just as Onitsuka was trying to do in the ’40s in Japan.

    In addition to beefing up its online platform, Asics is opening a slew of new stores and growing its relationships with its closest third-party retailers, like Foot Locker, McCarthy said.

    To be sure, companies like Foot Locker, Hibbett Sports and Finish Line are facing their own challenges, as big-name brands decide to scale back product in stores and sell more online or through their own channels, like Nike.com.

    McCarthy said he’s noticed the environment become tumultuous and competitive in recent years. But he doesn’t see a world without retail, or without brands.

  • Charlotte Tilbury makeup coming to Hong Kon

    Charlotte Tilbury makeup coming to Hong Kon

    Makeup artist Charlotte Tilbury is bringing her award-winning makeup, skincare and scent collections to Asia.

    Her Makeup Revolution will be launched in Asia next year, starting at Lane Crawford in Hong Kong.Further details have yet to be announced.

    This follows her opening her first store outside of the UK, in Kuwait last week, one of three stores for the Middle East.

    Tilbury says there has been a huge demand already from loyal customers in Asia, while Lane Crawford chief brand officer Joanna Gunn says the exclusive launch of the brand in Hong Kong will be supported on the store’s online platform.

    With more than 25 years in the makeup industry working with A-list models, celebrities and designers, Tilbury has poured her best-kept secrets into her “all you need” skincare, makeup and scent collection.

    Her products have won more than 110 industry awards.

    Her colour products are curated into 10 colour-wardrobes: The Bombshell (inspired by Marilyn Monroe, Scarlett Johansson), The Dolce Vita (Beyonce, Penelope Cruz, Sophia Loren), The Glamour Muse (Jennifer Lopez, Jerry Hall), The Golden Goddess (Elle McPherson, Kate Moss, Ursula Andress), The Ingenue (Alexa Chung, Kirsten Dunst, Mia Farrow), The Rebel (Debbie Harry, Grace Jones, Lady Gaga), The Rock Chick (Anita Pallenberg, Brigitte Bardot), The Sophisticate (Audrey Hepburn, Natalie Portman), The Uptown Girl (Grace Kelly, Gwyneth Paltrow, Kate Middleton) and The Vintage Vamp (Lauren Bacall, Rihanna).

    Tilbury has created cover looks for such fashion magazines as GQVanity FairW and Vogue. She has also created runway trends for designers and brands including Alexander McQueen, Bottega Veneta, Donna Karan, Lanvin, Miu Miu, Prada and Tom Ford; and crafted campaigns for brands including Burberry, Louis Vuitton. Missoni, Roberto Cavalli and Stella McCartney.

    Her client list includes Carina Lau, Jennifer Aniston, Jennifer Lopez, Kate Moss, Penelope Cruz, Rihanna and Salma Hayek.

  • Puma sales step up in third quarter

    Puma sales step up in third quarter

    Global footwear retailer, Puma, has posted an increase in sales globally for the third quarter.

    Puma announced third quarter sales rose a currency-adjusted 23 per cent in Europe, the Middle East and Africa, and 16 per cent in the Americas and 10 per cent in the Asia-Pacific region.

    Operating expenses increased by 11 per cent driven by higher marketing, selling and retail expenses. Operating result (EBIT) rises to €101 million from the €60 million last year.

    Footwear continued to be the main growth driver and Accessories also increased in double digits, while Apparel grew at a more modest rate.

    The gross profit margin improved by 230 basis points from 45.8 per cent to 48.1 per cent in the third quarter. Further improvements in sourcing, higher sales of new products with a higher margin and selective price adjustments helped to improve the gross profit margin despite negative currency impacts.

    “The third quarter was another good quarter for us with double-digit growth in all regions and strong growth in all product segments,” said Bjørn Gulden, CEO of PUMA SE. “With gross profit margin exceeding our expectations and a continued focus on operating expenses, we were able to deliver a very positive and better than expected operating result (EBIT).”

    Gulden said this development in the third quarter combined with a good orderbook for the fourth quarter made them raise the outlook for the full year.

    “We now expect currency adjusted sales to increase between 14 per cent and 16 per cent and the operating result (EBIT) to come in between €235 million and €245 million.”

    Puma has also partnered with singer and actress Selena Gomez and said its women’s business was further strengthened through the second Rihanna collection this year, launched in September.

  • Makeup brand 3ina arrives from Singapore

    Makeup brand 3ina arrives from Singapore

    Spanish makeup brand 3ina has arrived in Singapore, opening stores in Ion Orchard and Tampines Mall.

    Pronounced Mina, the brand offers products in trending colours especially suited to younger women and those who like experimenting. Standouts include coloured mascara, liquid liners in iridescent finishes and nail polishes.

    All products are made in Europe, and as well as being vegan are free of paraben and are “cruelty-free”.

    There is also makeup for the less adventurous with staples such as a three-in-one foundation to brow pencils, matte lipsticks, chubby lip pencils, brushes and other makeup tools.

  • Global sourcing has stuffed fashion – globally

    Global sourcing has stuffed fashion – globally

    Like all good things, global sourcing was a seductive morsel that led to a kind of economic gluttony that has had huge ramifications. Most of them for the worse.

    While the idea of sourcing at a lower cost than a business could make themselves on paper looks like an obvious endeavour to exploit, taken to the level that has now occurred, the only sustainable benefits have been achieved by the owners of the factories and supply chain providers to which production and distribution has been outsourced.

    Global fashion for the mass market has denigrated to the lowest common denominator. “Disposable fashion” is no longer an option but pretty much all you can buy at mass market and has led to the destruction of quality, embellishment, differentiation and true innovation.

    The fashion industry – globally – is caught in a deflationary cycle of its own making, producing an endlessly recycled ‘play-book’ of looks from mass-produced fabrics, made to standard blocks and production techniques in order to hit buy-sell prices and margins that are creating nothing but increasing volumes and decreasing profits.

    On top of that, the customers are bored.

    Even Zara – arguably the master of ‘cheap chic’ disposable fashion – has dulled its armoury. Once upon a time, Zara made its goods in Spain – when Spain was a country that had a low labour cost. Thanks to European equalisation laws, Spain’s minimum wage compliance destroyed that advantage. Zara now produces most of its products outside the European Union in cheap labour zones like China and Vietnam. As a result, both quality and an important part of the DNA of the product have evaporated leaving scale and stock turn as its primary weapons. But Zara is lucky that it still sustains those two weapons.

    For those without the armoury of global reach and massive scale, the allure of global sourcing has left them exposed as peddlers of the ‘emperor’s new clothes’. Forced to choose the same fabrics, the same trends, the same blocks and the same factories, the outcome is (you guessed it)…sameness.

    Fashion is about design and look. Without new ideas, individual personality and real choice every season it becomes functional at best. Functional fashion is not what excites customers to spend up. Instead they shop down. And ‘bagging bargains’ favours the few who have and can maintain scale advantage. Everybody else needs to seduce customers to buy with something they can’t get everywhere else. The current cycle of formulaic trend to factory source will not survive the next decade without massive casualties.

    And don’t blame the customer. That is a cop-out. Time for the fashion industry – outside the scale monsters – to rediscover how to design again. How to create original looks. How to invest in monetising quality. How to find a manufacturing advantage outside pure cost. How to create real differentiation and real integrity.

    That – and only that – will save the fashion industry from the massive failure that global sourcing is going to deliver.

  • Paul & Shark Thailand opens store in duty-free mall

    Paul & Shark Thailand opens store in duty-free mall

    Paul & Shark Thailand has opened a store at the Downtown Duty Free Mall in Rangnam Road, Bangkok.

    Run by King Power, the complex combines both international and local brand shopping with a hotel and theatre.

    Offering key pieces from the luxury Italian sportswear brand’s autumn/winter collection, the outlet follows the new Paul & Shark store concept characterised by high-tech steel, smoked glass and the brand’s signature blue.

    It is one of several stores the brand has opened this year, and comes in the final quarter of what the company says has been a successful year.

    It also opens in time for the Trinity Forum airport commercial revenues conference, which is being hosted at the King Power Pullman in Bangkok, “so we very much hope delegates will have the chance to see if for themselves”, says Paul & Shark worldwide travel retail director Catherine Bonelli.

  • Adairs upgrades guidance

    Adairs upgrades guidance

    Bedding retailer Adairs has upgraded its guidance for FY18 after experiencing a bumper start to the financial year.

    Adairs CEO Mark Ronan told the market on Wednesday afternoon that year-to-date LFL sales  were up 13 per cent to October 15.

    It’s a continuation of trading momentum kicked-up in the second-half of FY17, with July LFL sales growth spiking to 10.4 per cent after a disastrous first half that drove FY17 profits down 19.6 per cent.

    The company now anticipates FY18 earnings before interest and tax (EBIT) of $34.5 – 39 million, up from its prior guidance of $33 – 37 million on the back of a $5 million bump in its total sales growth estimates.

    However, Ronan did say that the company anticipates its year-to-date sales to moderate somewhat as trading heads into the upcoming holiday promotional period in the December quarter.

    “While our year-to-date sales have been pleasing, the key trading periods and promotional events lay ahead in the financial year,” he said.

    Adairs anticipates LFL sales growth in the 5 – 10 per cent range for FY18, saying it will provide an update on its strategy at its upcoming Annual General Meeting.

    Ronan has previously said that the company’s poor performance in the first-half of FY17 was due to mistakes made by management which are unlikely to be repeated, and that its new range of high-end linen and velvet doonas were doing extremely well with customers.

    He’s also indicated that Adairs is evaluating whether to sell on Amazon marketplace when it launches in Australia in the coming months, something that he’s previously identified as a strategic opportunity for the business.

  • Acne Studios launching 48-hour online pop-up

    Acne Studios launching 48-hour online pop-up

    Swedish fashion brand Acne Studios is about to launch a 48-hour online pop-up store offering a handpicked selection of its classic style, show pieces and exclusive items.

    Discounts of up to 75 per cent are being offered during the retrospective, which launches on October 24 “exclusive” to Hong Kong, India, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand.

    Based in Stockholm, Acne Studios is a multidisciplinary luxury fashion house, founded in 1996 as part of the creative collective Acne, an acronym for Associated Computer Nerd Enterprises but later changed to Ambition to Create Novel Expressions. The fashion house specialises in men’s and women’s ready-to-wear fashion, footwear, accessories and denim.

  • EleVen by Venus Williams makes Asian debut

    EleVen by Venus Williams makes Asian debut

    Athletic apparel line EleVen by Venus Williams has partnered with luxury department store Lane Crawford for an exclusive capsule collection.

    It is an eight-piece line of elevated sportswear, all items featuring a quick-dry performance fibre with breathability. It is all white as a nod to Venus Williams’ tennis background, and was created to empower women to express their individuality with confidence while exercising.

    Available exclusively in Asia, it can be found at Lane Crawford online, or in the Hong Kong, Beijing and Shanghai stores. It is the brand’s debut in the Asian market.

  • Dolce & Gabbana net profit soars, revenues up 9%

    Dolce & Gabbana net profit soars, revenues up 9%

    Dolce & Gabbana closed the financial year 2016/17 on March 31, 2017 with a turnover of 1.296 billion euros, a 9% increase on the previous year, according to the balance sheet consulted. D&G Srl, which controls the group, obtained a 57.6 million euro dividend from Dolce & Gabbana Holding.

    The latter oversees Dolce & Gabbana Trademarks, owner of the group’s brands, and Dolce & Gabbana Srl, in charge of the label’s operations in Italy and abroad.

    D&G’s consolidated balance sheet showed a net profit of 80 million euros, around four times higher than the 17.93 million achieved by the company in 2015/16, and an EBITDA of 168 million euros.

    This result is due largely to an increase in sales, particularly in Italy, which represents 24% of total turnover, with the rest of Europe making up 27%, the Americas 13%, and Japan 6%.

    Dolce & Gabbana’s strong presence in its domestic market has led the firm to further its initiatives abroad.

    On 4 October , the brand organised a runway show in the Isetan Department Store, Tokyo, for which the creative duo Domenico Dolce and Stefano Gabbana designed a special collection.

    In the same month, the label also opened its first outlet store in Mexico, in the Premium Outlets Punta Norte mall, in the northwest of the country.

    For the holiday season, the brand has plans for a large-scale operation with London-based luxury department store Harrods. These will include the launch of exclusive products, as well as a number of in-store interventions organised by Dolce & Gabbana from 2 November to 28 December, such as in stores-in-stores, a Christmas tree, window displays and a traditional Italian market.

    Breaking down the brand’s results by distribution channel, Dolce & Gabbana’s wholesale increased 8.7% in 2016/17, retail grew 7.1% to 769 million euros, while licensing revenue fell 9.2% to 61.2 million euros.

  • Tod’s Landmark introduces new store concept

    Tod’s Landmark introduces new store concept

    Just opened, Tod’s Landmark flagship introduces the brand’s new store concept to Hong Kong.

    Covering 255sqm, the luxury leather brand’s two-storey boutique features steel vitrines with silver and taupe saddle-stitched leather panels, suspended showcases, high-gloss ceilings and travertine marble floors.

    A cocktail party to mark its opening was attended by its brand ambassador, Chinese actress Liu Shi Shi, wearing the latest Tod’s styles. Other guests included socialites and celebrities such as Gaile Lok,  Jason Chan, Jennifer Tse, Kathy Chow, Pakho Chau and Sarah Song.

    A highlight of the evening was a demonstration by an Italian artisan flown in to showcase the craftsmanship of Made in Italy with the label’s latest icon bag, Tod’s Sella.

    Every Tod’s product is handmade in Italy. The group has six shoe factories and two for leather goods, and also uses a handful of specialised laboratories.

  • Two more stores for Uniqlo Singapore

    Two more stores for Uniqlo Singapore

    Uniqlo Singapore is opening two more stores – at Changi Airport Terminal 4 at the end of this month and at Northpoint at the end of December.

    This will take its Singapore store total to 26, as well as its online outlet.

    Its airport store will be in the departures hall of the new Terminal 4, and will cover about 3000sqft (279sqm). Unlike the current Uniqlo airport store in Terminal 1, the new outlet will offer children’s clothing as well. Exclusive offers will be available from October 31 to November 12.

    The new store at Northpoint City in Yishun will cover about 10,500sqft and offer clothing for men, women and children.