Tag: Fashion

  • Timberland to plant 50 million trees in the next five years

    Timberland to plant 50 million trees in the next five years

    Global outdoor lifestyle brand Timberland has committed to planting 50 million trees around the world by 2025.

    The move builds on Timberland’s previous tree planting efforts; since 2001, the brand has planted more than 10 million trees worldwide.

    “At Timberland, we’re conscious of the impact our modern way of life has on the planet. And we believe as a global lifestyle brand, and as individuals, we have a responsibility to make it better,” said Timberland global brand president Jim Pisani. “Trees and green spaces help improve the quality of our planet as well as individual wellbeing. Our commitment to plant trees is a real, measurable way to act upon our belief that a greener future is a better future. We encourage people everywhere to join the movement by taking their own actions – small or large – to be heroes for nature.”

    To kick off its pledge, Timberland has launched its largest-ever global campaign, “Nature Needs Heroes,” calling on consumers around the world to join the movement by taking simple, small actions for a healthier planet. The campaign celebrates 12 eco-heroes who are making lasting, positive change for the environment and their communities. Each hero dons new styles from the fall 2019 collection, with city greenscapes as the backdrop.

    The campaign will come to life through media activations across print, digital, out of home, social media and PR. The brand will also engage the global community to be heroes for nature through a series of tree planting and greening events.

    To help realize its 50 million tree commitment, Timberland will partner with a range of organizations that support the environment through large-scale regreening and tree planting efforts. These organizations include the Smallholder Farmers Alliance, GreenNetwork, Tree Aid, the UN Convention to Combat Desertification, Connect4Climate – World Bank Group, Justdiggit, Las Lagunas Ecological Park, Trees for the Future, American Forests and Treedom.

    Projects in year one will focus on Haiti, China, the Dominican Republic, the US, Tanzania and Mali – including support of the Great Green Wall, an African-led movement to grow an 8000km line of trees across the entire width of Africa to fight climate change, drought, famine, conflict, and migration.

    “We are thrilled to have Timberland join the Great Green Wall movement – an emerging new world wonder that promises to grow hope for millions of people in the face of the 21st century’s most urgent challenges,” said Ibrahim Thiaw, executive secretary of the United Nations Convention to Combat Desertification.

  • Le Saunda CEO resigns and on the search

    Le Saunda CEO resigns and on the search

    Le Saunda CEO Cheng Wang has resigned and will leave the company on October 16.

    According to a stock exchange filing, Cheng is leaving in order to pursue “his other personal affairs”. The Le Saunda CEO will also vacate his seat on the shoe retailer’s board.

    On the same date, another director, Marces Lee Tze Bun will also resign. The company said there was no matter with respect to either person’s departure that needed to be brought to the attention of the company’s shareholders.

    The statement coincided with a positive profit warning issued by the company.

    Based on unaudited management accounts, the company expects a consolidated profit attributable to shareholders for the first half-year of RMB 2 million (US$280,000), compared to a loss of RMB 9.585 million ($1.34 million) in the same period last year. The turnaround was due to improved sales Mainland China stores, reduced administrative expenses due to a restructuring of regional offices and the closure of underperforming stores across its network.

    Sales in Le Saunda’s self-owned stores (excluding e-commerce) were down by 6.5 percent in the second quarter, but same-store sales were up 17.5 percent, reflecting a streamlined store network. Online sales, however, plunged 28.4 percent.

    Le Saunda has shuttered 156 outlets between the end of the second quarter last year and August 31 this year, leaving its with 465 outlets in Mainland China, Hong Kong, and Macau. All but 56 of those are self-owned, as opposed to franchised.

  • Zimmermann opens another US store

    Zimmermann opens another US store

    Australian designer brand Zimmermann has opened its 12th store in the US and its third in New York City with the launch of a new boutique on the Madison Avenue.

    The prestigious shopping street is home to the likes of Carolina Herrera, Christian Louboutin, Ralph Lauren, Valentino and other designer brands.

    The 160sqm store, which opened last week, was designed by Australian designer and architect Don McQualter of Studio McQualter to create the feeling of a local apartment, with each room in the heritage-listed 1940s building styled to frame the collection.

    The store includes a mix of vintage pieces, such as a 1960s Murano glass Italian chandelier and 1930s De Coene desk, with handmade floor and wall tiles and custom metalwork, light fixtures, display tables, millwork and virtual merchandising fixtures designed by Studio McQualter.

    The store is meant to be a physical embodiment of the Zimmermann brand, conveying a relaxed femininity, air of freshness and light and unyielding optimism.

    Co-founders Nicky and Simone Zimmermann celebrated the new Madison Avenue store and upcoming Spring 2020 collection by co-hosting an in-store cocktail event followed by an intimate dinner nearby at Flora Bar at the Met Breuer with VIPs and close friends of the brand.

    “New York is like a second home for us. I have spent a lot of time in the city over the years and we’ve always loved the energy Madison Avenue brings. We are excited to now be a part of the Uptown community,” Nicky Zimmermann, creative director and co-founder, said.

    The brand plans to open a second boutique in Florida in Palm Beach in November 2019.

  • Bossini issues revised loss warning

    Bossini issues revised loss warning

    Lifestyle apparel brand Bossini has warned shareholders its loss this year will blow out to about $139 million, citing Hong Kong’s rolling protests.

    That figure is higher than the $124 million it projected at the end of May after reviewing management accounts showing a loss of $92 million for the 10 months to April. It represents a five-fold increase from last year’s loss of $29 million.

    In May, Bossini chairwoman Bess Tsin said the final figure would depend on trading in May and June and yesterday she issued a “supplemental announcement” to the earlier profit warning.

    “The annual results recorded was slightly off track from what had been expected in the announcement because of the increase in the loss derived from the Hong Kong and Macau segment as a result of a further weakening in consumer sentiment and the adversity in business environment resulting from the social unrest in Hong Kong in the last month of this financial year.”

    The final result will be released within the next fortnight after an audit is completed.

  • Superdry licensing deal signed with IMG

    Superdry licensing deal signed with IMG

    British fashion brand Superdry has appointed IMG to develop a strategic licensing program to extend the brand into select new product and lifestyle categories.

    The Superdry licensing deal will see IMG negotiating partnerships which broaden its product portfolio into such items as luggage and travel-related goods, personal accessories, consumer electronics and sporting goods, in accordance with Superdry’s brand ethos.

    “We look forward to working with IMG and partnering with other brands as Superdry enters the next stage of its growth,” said Superdry CEO and founder Julian Dunkerton. “IMG’s extensive licensing experience with fashion brands makes it the ideal partner and we are excited to explore creative opportunities that best resonate with Superdry’s brand.”

    Superdry is known for its distinctive designs blending vintage Americana with Japanese-inspired graphics. It is a fast-growing brand with a geographically and demographically diverse customer base.

    “With an instantly recognisable identity and a powerful brand personality that embodies fun and individual empowerment,” said IMG’s SVP of licensing Matthew Primack, “we see many opportunities to apply the Superdry style and philosophy to products of relevance and we are delighted to be working with the Superdry team.”

  • Clot opens Juice store at K11 Musea

    Clot opens Juice store at K11 Musea

    Fashion label Clot has opened a Juice store at K11 Musea mall in Tsim Sha Tsui.

    The store opened on Tuesday, featuring a curated selection of brands – including exclusive in-house labels Clot and Clottee, alongside a range of top-tier names such as Fear of God, Alyx, A-Cold-Wall*, 99%is, Needles, White Mountaineering and Ambush.

    The new store will also carry signature streetwear imprints from the likes of Pleasures, Wacko Maria, and P.A.M, as well as lifestyle items from Kuumba and Medicom Toy, amongst others.

    Juice K11 Musea will also feature a sneaker wall with styles from Nike, Adidas, Converse and Vans as well as more niche footwear labels including Hoka and Salomon.

    With a modern design that still incorporates elements from its other local boutiques, the Juice store at K11 Musea will display a rotating selection of modern art and regularly host exclusive events and special releases.

  • Uniqlo Billionaire Founder Seeks Woman for Successor

    Uniqlo Billionaire Founder Seeks Woman for Successor

    70-year old Japanese billionaire founder of Uniqlo, Yanai Tadashi, said he prefers to be succeeded by a woman, in a move he foresees will bode better for the region’s largest retailer.

    The job is more suitable for a woman,» said Yanai Tadashi, president and founder of Fast Retailing, which owns Uniqlo as one of its subsidiaries, in a report. «They are persevering, detailed oriented and have an aesthetic sense.

    In addition to succeeding the throne, Yanai also highlighted ambitions to increase the female ratio of senior executives to more than half after reaching 30 percent of management positions last year.

    On the prospects of Maki Akida, an 18-year female veteran powerhouse that managed stores in Japan and China, becoming the successor, Yanai said It’s a possibility.

    Yanai’s expresses his commitments to not only more females in senior positions but also the development of youth and supporting workers in emerging markets. Yet despite the ESG-oriented nature of these remarks, he does not wax lyrical about Fast Retailing’s ethical superiority but rather how such moves are aligned to business needs.

    We’re in the business of selling clothes – it’s not so good that we’re old, he said, on youth.

    And on worker support, the firm will invest $1.8 million in a partnership with the International Labour Organisation (ILO), a United Nations arm, to support factory workers in Indonesia. The ILO will continue exploring ways for Fast Retailing to improve worker protection in other countries where it has contract factories.

    If we expand in a place where incomes are not growing, we cannot sell clothes, Yanai said, highlighting Southeast Asia as a key growth market for the firm.

  • Karen Millen stores closing down

    Karen Millen stores closing down

    Administrators have been appointed to wind down the Australian arm of Karen Millen, after the business fell into administration in Britain last month.

    The UK fashion brand, which turned over approximately $19 million in Australia last year, operates seven independent stores and eight concessions in David Jones and Myer department stores.

    Deloitte partners Richard Hughes, Tim Norman and Michael Billingsley, who have been appointed joint and several administrators, said they would conduct a controlled wind-down of the business in the coming weeks.

    Approximately 80 employees, many of them casuals, will be impacted by the closure.

    “If quick, shoppers can expect some bargains with discounted stock being sold from stores and online until the end of this month,” administrators said in a statement.

    The local shut-down follows the collapse of Karen Millen in the UK last month. Administrators there are in the process of closing more than 200 bricks-and-mortar stores, putting at risk more than 11000 jobs. Head office staff have already been made redundant.

    Karen Millen’s online business was bought by global e-commerce fashion giant Boohoo for £18 million, a move that left some scratching their heads.

    “I don’t get it,” the CEO of an upmarket fashion retailer saidcontrasting Karen Millen’s relatively high-priced garments with the £5 fast fashion items sold by Boohoo.

    Boohoo has a local online presence in Australia. It is unclear whether it will launch a local online presence for Karen Millen going forward.

    Karen Millen has stores in:

    • DFO South Wharf, VIC
    • Emporium, VIC
    • Chadstone, VIC
    • Doncaster, VIC
    • QVB, NSW
    • Chatswood Chase, NSW
    • Burnside Village, SA
    • David Jones concessions in Sydney and Melbourne CBDs
    • Myer concessions in Sydney, Melbourne, Brisbane CBDs, Bondi, Chadstone and Perth

    Customers holding gift cards or who are members of loyalty programs will have their benefits honored. Administrators advise those consumers to refer to the Customer FAQ section of the Karen Millen website for further details.

  • Uniqlo hitted by South Korean consumer boycott

    Uniqlo hitted by South Korean consumer boycott

    Fast-fashion chain Uniqlo is suffering from the South Korean consumer boycott of Japanese goods.

    “We can confirm that there has been an impact on the sales in Korea,” a spokeswoman for Uniqlo owner Fast Retailing told Reuters. She declined to release any figures, however.

    The two countries are involved in a diplomatic row relating to disagreements over the compensation for forced laborers during Japan’s occupation of Korea during the second world war. That dispute has spilled over into the populations with Japanese products in South Korea being boycotted by shoppers as a form of protest.

    Uniqlo has nearly 200 stores in South Korea, selling around US$1.3 billion worth of clothing annually, equal to about 6.6 percent of its total sales. The South Korean consumer boycott may lead to delays in new stores opening if it continues

  • Sephora Hong Kong after being away for 10-years

    Sephora Hong Kong after being away for 10-years

    Sephora Hong Kong returns after a 10-year absence today, opening a 4200sqft store at IFC mall.

    The LVMH-owned global beauty retailer promises shoppers 40 brands new or exclusive to Hong Kong, along with the new Fenty Beauty by Rihanna, also an LVMH subsidiary which is simultaneously being launched by DFS Group’s T Galleria stores today.

    “We believe the new Sephora Hong Kong will be the ultimate one-stop beauty destination in the region that consumers will find joy in exploring the countless products and services on offer,” said Benjamin Vuchot, Asia president at Sephora.

    “We are really proud of the exciting brand portfolio for our new store.”

    Sephora Hong Kong has confirmed plans to open eight stores in its return to brick-and-mortar retailing in the territory. A second store is under construction at Windsor House in Causeway Bay, scheduled to open prior to Christmas. Six more stores will follow over a three-year timeframe, their locations as yet not revealed.

    The new IFC mall store features new customer services, including Virtual Artist, a beauty app designed to offer customers an opportunity to try on and compare different products digitally.

    Vuchot believes the technology will engage customers in-store and create a unique omnichannel model dedicated to offering an “unparalleled shopping experience in-store and online through its upgraded e-commerce platform”.

    Among the brands making their Hong Kong debut today are Drunk Elephant, Sunday Riley, Huda Beauty, Anastasia Beverly Hills, and Fenty Beauty; and niche fragrance labels including Clean Reserve, Kayali, Bon Parfumeur and Maison Margiela.

    Sephora Hong Kong will also introduce new beauty and fragrance brands that are making their debut in the market such as Loewe, Tarte, IT Cosmetics and Jack Black.

    More brands will be added later in the year – both instore and online – to provide customers with “endless new discoveries” across different categories.

  • Art meets fashion at The Shoppes at Marina Bay Sands, Singapore

    Art meets fashion at The Shoppes at Marina Bay Sands, Singapore

    The Shoppes at Marina Bay Sands has created a host of activities for shoppers to “rediscover luxury” in celebration of the Fall-Winter 2019 fashion season.

    A chic installation will be located at the Grand Colonnade Bay Level of The Shoppes until September 17, housing an immersive art showcase by local artists @Lioncolony and Esther Goh.

    Both artists, who have made their own marks in the visual arts and fashion scene, will illustrate their interpretations of fashion and its influence on society.

    Here, shoppers may also view the latest Fall-Winter collections by brands including Balmain, CH Carolina Herrera, Chloe, Ferragamo, Gentle Monster, Gianvito Rossi, Kenzo, Longchamp, and Tom Ford.

    Following the recent opening of Paul Smith’s second boutique in Singapore, The Shoppes at Marina Bay Sands continues to welcome a host of luxury brands this year. Italian luxury labels Missoni and Pomellato will be opening their first flagship boutiques in Singapore, bringing The Shoppes’ flagship assembly to more than 40 stores and counting. Luxury watchmaker Panerai will add to the mall’s line-up of luxury watch brands, while French luxury label Celine will further expand its current single unit store into a duplex by next year, offering both men’s and women’s collections.

    Other anticipated premium fashion and lifestyle brands slated to join The Shoppes at Marina Bay Sands this year include Aesop, CK Calvin Klein, Evisu, as well as La Mer’s first standalone boutique in Singapore which will house an exclusive facial cabin.

  • Cecilia Woo opens outlet in Hong Kong

    Cecilia Woo opens outlet in Hong Kong

    The first store for California fashion label Cecilia Woo opens in Hong Kong, targeting an international audience at the new K11 Musea.

    The brand’s founder Cecilia Woo says that since the business was set up in late 2014 in California, the brand has been leveraging its concept to serve the specific needs of modern women. Over the years, Cecilia Woo has built a foundation in key mainland cities such as Beijing, Shanghai, and Chongqing, developing a significant following through physical and online channels.

    “Hong Kong is Asia’s world city,” said Woo. “This place is highly relevant for light luxury brands in terms of fashion trends and ways of life. The city also attracts travelers from around the globe. It is an ideal landing point for us with solid international opportunities.”

    She added that the company considers now is the right time to develop the brand across global markets.

    “We appreciate the spirit of women here as well as the work-hard culture, which is very much the essence of this city,” said Woo. “Our brand is dedicated to serving modern women. We cannot think of anywhere else that is more relevant than Hong Kong to develop our Muse concept for women.”

    “Hong Kong’s international status adds value for foreign investors targeting global markets,” commented the brand’s associate director-general of investment promotion, Dr. Jimmy Chiang. “In addition, we offer comprehensive systems such as a low tax regime, an effective legal system and an availability of experienced sales and marketing professionals, making our city the ideal place for brands that want to promote their products and concepts to the world. We are confident that Cecilia Woo can prosper in Hong Kong and thrive in the world markets.”

  • Ted Baker appoints Sojitz Infinity as its partner for Japan

    Ted Baker appoints Sojitz Infinity as its partner for Japan

    Lifestyle fashion brand Ted Baker has signed an exclusive retail license deal for Japan with local apparel manufacturer and distributor Sojitz Infinity, initially for five years.

    Sojitz Infinity will drive the long-term expansion of the Ted Baker brand in the region, combining its local expertise – especially within the department store sector – with the buying, merchandising and brand-building expertise of Ted Baker.

    The licence, expected to commence on October 1, marks Ted Baker’s 17th retail license partner globally.

    Over recent years, the firm has invested in introducing and developing the Ted Baker brand in the Japanese market, having opened five stores in the territory to date. Sojitz Infinity intends to build on Ted Baker’s existing store portfolio, expanding the concession network and investing in Ted Baker’s online presence.

    The deal will kick off the brand’s next growth phase in Japan, said Ted Baker CEO Lindsay Page. “Over recent years, we have invested in introducing Ted Baker to Japanese customers and we are confident that our new Japanese retail-license partner will build on this platform and deliver meaningful long-term growth.

    “In Sojitz Infinity, we have an extremely capable partner that brings local market expertise to our brand alongside our already well-established design, buying and merchandising skillset. This combination will drive an acceleration in the performance of the business. We firmly believe that Japan has the long-term potential to be an important market for the Ted Baker brand.”

    As part of the appointment, Ted Baker will transfer certain existing assets relating to its Japanese business (which includes existing non-current stock, fixed assets, and leases) to Infinity at nil value to support the successful transition of the operations.

    As a consequence, Ted Baker anticipates exceptional transaction-related costs of approximately £4 million (US$4.88 million); the costs include onerous lease expenses, restructuring charges, and deal-related costs. The non-cash charges of about £1 million ($1.22 million) include the transfer of non-current stock and fixed assets. Current season stock is being transferred on commercial terms.

    It is expected that the appointment of the license partner will be accretive to the group’s pre-tax profit in the current financial year. The positive impact of profit will increase during the later years of the contract.

    Sojitz Infinity CEO Kohei Ono said Ted Baker is a brand the company has followed since its arrival in Japan.

    “We believe it has the potential to appeal to more consumers in this market. Our knowledge and experience in building fashion brands through stores, concessions and online should add value to Ted Baker and we look forward to working together.”

  • Forever 21 may seek bankruptcy protection in court

    Forever 21 may seek bankruptcy protection in court

    Californian fast-fashion retailer Forever 21 is reportedly preparing to file for bankruptcy protection after failing to reach a deal to refinance its heavy debt load.

    Citing people with knowledge of the plans, Bloomberg has reported that the company has been in talks for additional financing and working with a team of advisers to help it restructure its debt, but negotiations with possible lenders have so far stalled.

    There are reports that a major barrier to any deal being reached is the unwillingness of co-founder Do Won Chang to accept less than a controlling interest in the business in return for investment which could place the retailer on a firmer financial footing.

    Now the company is believed to be looking to secure a so-called ‘debtor-in-possession loan’ which would allow it to file for Chapter 11 bankruptcy protection.

    With more than 800 stores in the Americas, Asia and Europe Forever 21 grew from a single store in Los Angeles in 1984 opened by Chang and his daughter Jin Sook. While its international growth trajectory was rapid in the 2000s, in later years it has failed to keep pace with European rivals H&M and Zara and Japan’s Uniqlo, leading it to shutter flagship stores like the giant, three-story space in Hong Kong’s Causeway Bay.

    It no longer has a store in Hong Kong, but sells online there. In Asia, its network covers the Philippines, South Korea, Japan, Malaysia, Singapore, Indonesia, and India.

    Like a raft of other troubled US retailers entering Chapter 11 protection, Forever 21 would have the ability to close unprofitable stores, reduce its payroll and recapitalize the business.

  • Noni B Group looks at rebranding

    Noni B Group looks at rebranding

    Fashion retailer Noni B Group enjoyed the benefit of its first year of trading as a significant multi-brand retail group during FY19 and is seeking to push further into this direction: floating a name change to Mosaic Brands Ltd.

    According to Noni B Group chairman Richard Facioni, this change is another significant milestone for the group, and reflects the synergistic and complementary collection of brands that are now part of its portfolio.

    Noni B Group currently operates the Millers, W.Lane, Noni B, Rivers, Katies, Autograph, Rockmans, Crossroads and BeMe brands.

    While the five former-Specialty Fashion Group brands acquired in July 2018 made a collective positive earnings contribution to the group, ongoing costs relating to the acquisition, as well as restructuring, hit the group’s bottom line for FY19.

    Noni B Group announced on Tuesday net profit had fallen 52 per cent to $8.2 million from $17.3 million the year prior, while EBITDA rose 22 per cent to $45.5 million, and revenue grew to $881.9 million, from $372.4 million the year prior – a 136 per cent increase.

    “This result, at a time of considerable change within the business and an uncertain economic climate globally and domestically is a significant achievement,” Facinoni said.

    “When we announced the acquisition of the Specialty brands, we conservatively expected them to break-even on an EBITDA basis in FY2019, returning to profit in FY2020.

    “We achieved anticipated synergies and merger benefits ahead of schedule and identified additional efficiencies, resulting in the five brands, collectively, making a positive earnings contribution for the year.”

    Noni B Group managing director Scott Evans said that he was pleased with the result, and that lessons learned through operating nine separate brands across an expanded footprint had enhanced the group’s understanding of its customer’s product preferences, shopping habits, and behaviours.

    “These insights have guided our decisions across the group to improve all aspects of our customers’ journey,” Evans said.

    “In summary, we are a very different company than a year ago. The changes we have made have created a stronger and more profitable business which is financially stable, generates cash and provides a solid platform for future expansions.”

    “We are excited about the potential to be unlocked by greater analysis of our group’s data, store expansion and online strategies.”

    Evans expects the group’s omni channel strategy will be a pillar for growth moving forward.

    Online sales grew to 9.8 per cent of total group sales in FY19 from 4 per cent in FY18, having reached comparable sales growth of 21 per cent – which the acquired brands saw sales growth of 15 per cent, up from 9 per cent in FY18.

    This result has prompted further investment in the online space – with Noni B Group looking to expand the online team, add further digital marketing channels and improve its customer experience.

    For FY20, Noni B Group is expecting underlying EBITDA to reach $75 million – in line with market consensus.

    Shareholders will be able to vote on the potential name change at the group’s AGM in November.