Retail News CRM

Tag: HANDBAGS

  • Furla Opens 75Sqm Boutique at the Venetian Macao

    Furla Opens 75Sqm Boutique at the Venetian Macao

    Italian accessories brand Furla has opened a boutique at Shoppes at The Venetian Macao in September 2026, adding more than 75 square metres of retail space to its Asia-Pacific network.

    It carries the brand’s full range of handbags, small leather goods, eyewear, textiles and charms under an updated store format.

    Modular Layout and Interior Fit-Out

    Inside, the boutique features dedicated product zones and a magnetic display wall for seasonal arrivals. The setup lets staff reconfigure floor layouts without structural work.

    Italian materials anchor the interior, mixing natural oak and painted metal with lacquered surfaces, tiles and light gold accents. A palette of ivory, latte, white, grey, burgundy and aqua green runs across the display fixtures and perimeter shelving.

    Casino Footfall and Regional Push

    Casino mall retail relies heavily on mainland tourist traffic. Leases demand steady transaction velocity from transient shoppers rather than local repeat footfall. In this corridor, premium leather goods makers face direct competition from heritage luxury houses upstairs and accessible fashion labels fighting for discretionary travel spend.

    A compact 75-square-metre footprint keeps operating costs down while the brand tests product turnover along high-density casino walkways. Success at The Venetian will depend on converting foot traffic during peak holiday windows when mainland visitor volumes surge.

    Greater Bay Footprint

    Founded in Bologna in 1927, the company expanded its retail presence earlier in the year with a refreshed store format in Hong Kong. That rollout introduced lighter fixtures and revised zoning across urban locations.

    The Macao opening extends that format across the Pearl River Delta, where retail performance tracks incoming visitor arrivals alongside cross-border ferry and bridge volume.

  • Coach Targets 10 Billion Dollars in Sales by 2028

    Coach Targets 10 Billion Dollars in Sales by 2028

    Coach plans to reach 10 billion dollars in annual sales by 2028, up from its current 7 billion dollar revenue base. The expansion relies on growing international store networks, pushing deeper into ready-to-wear and footwear, and recruiting younger shoppers.

    The brand generates the vast majority of revenue for parent company Tapestry Inc., which recently reported 8 billion dollars in annual sales. Chief executive officer and brand president Todd Kahn, who took the helm in 2020 after joining as general counsel in 2008, is steering the push as the label marks 85 years since its founding in 1941.

    Expanding Global Footprint and Gen Z Reach

    Attracting Gen Z buyers sits at the center of the sales roadmap. Coach has broadened its assortment beyond signature leather handbags into ready-to-wear lines, footwear collections, dedicated brand cafes, and circular fashion initiatives like Coachtopia.

    Creative director Stuart Vevers continues to lead product design, balancing heritage leather craftsmanship with youth-focused styling. Kahn noted that while the company started as a small workshop run by immigrant artisans on 34th Street in Manhattan, preserving core leather craft remains essential to its identity as an accessible luxury house.

    From Leather Workshop to Tapestry Growth Engine

    Department store distribution once dominated accessible luxury, but direct retail networks and localized experiential spaces across Asia, Europe, and North America now anchor the brand’s margins. Rivals in the premium leather goods category face tighter consumer spending, yet Coach has maintained price discipline and direct-to-consumer momentum across international markets.

    Tapestry will measure progress against the 10 billion dollar milestone across its quarterly filings leading up to the fiscal 2028 deadline.

  • Kering invests in resale platform Vestiaire Collective

    Kering invests in resale platform Vestiaire Collective

    French luxury group Kering has taken a 5 percent stake in Vestiaire Collective, a leading platform for second-hand clothes and handbags, betting that the booming resale market will help it woo younger and more environmentally conscious shoppers.

    The purchase is part of a 178 million euro (US$215 million) financing round announced on Monday which valued Vestiaire Collective at more than US$1 billion, the companies said.

    U.S. investment firm Tiger Global Management also invested in the platform, while existing shareholders including Vogue publisher Conde Nast and French private equity firm Eurazeo put more money in.

    The pre-owned fashion market has enjoyed rapid growth over the last three years, with a further acceleration during the coronavirus pandemic, thanks to younger shoppers’ heightened focus on sustainability and also homebound consumers looking for good deals on second-hand clothes.

    “There is a real shift happening that is going to shape the future of the fashion industry, and as a leader, in the sector, we want to shape that trend,” Kering’s digital chief Gregory Boutte told reporters.

    The proportion of secondhand pieces in closets is predicted to grow from 21% in 2021 to 27% in 2023, with the value of the sector estimated to be worth over $60 billion by 2025, the companies said in a statement. Paris-based Vestiaire Collective said its transaction volume doubled in 2020.

    Luxury groups have traditionally been wary of secondhand sellers, which weaken their control over the distribution and pricing of their brands and, according to critics, can help spread counterfeit goods. But that is changing, and Kering’s star brand Gucci last year announced a partnership with U.S.-based resale platform The RealReal.

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  • Milan Station losses halve after store closures

    Milan Station losses halve after store closures

    Hong Kong handbag retailer Milan Station losses halved last year, despite a 17 per cent fall in sales to HK$264.3 million.

    The company reported a net loss for the year of $40 million, compared to $80.8 million the prior year, mainly due to decreased rental expenses due to the closure of unprofitable stores, and the absence of an impairment loss the prior year.

    Milan Station derived 95 per cent of its sales from Hong Kong and the balance from Macau after earlier closing its stores in Mainland China.

    Hong Kong sales decreased 18.7 per cent to $250.2 million, revenue coming from its seven Milan Station stores and six Thann stores, and its online platform. Sales in Macau rose by 36.9 per cent to $14.1 million as the territory’s gambling and tourism industries recovered.

    The company’s inventory turnover improved from 79 days in 2017 to 75 days last year.

  • Luxury French brand Faure Le Page heading to Singapore

    Luxury French brand Faure Le Page heading to Singapore

    Luxury French brand Faure Le Page will open its first Singapore flagship store this June, at Takashimaya. The store will be the fashion brand’s first in Southeast Asia and its ninth worldwide.

    Designed to resemble a garden, the boutique will pre-launch a collection of bags and accessories, specially designed for the local market.

    Known for its handbags and accessories, the brand will be distributed exclusively under a franchise agreement with FJ Benjamin Holdings.

    “Fauré Le Page is a prestigious brand in France with more than 300 years of history and a grand tradition of craftsmanship,” said Nash Benjamin, FJ Benjamin CEO. “Although its gunsmith origin is legendary in France, in recent years, it has developed a cult following for its handbags, small leather goods and accessories.

    “We are confident that our discerning customers in Singapore and the rest of the region will fall in love with the brand’s exquisite design and superior quality,” he added.

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  • Da Milano aims for 100 stores by year end

    Da Milano aims for 100 stores by year end

    Indian-Italian handbag and accessories retailer Da Milano is aiming to be operating 100 stores by the end of this financial year, including in Singapore. The company offers “affordable luxury” items and is likely to open further locations in airports and Tier II and III cities across India. It currently runs 80 stores across the country, as well as three in Dubai and one in Nepal.

    Stores are scheduled for launch in London, Singapore and more in Dubai. Its distribution network currently covers eight countries, retailing the brand’s more than 300 products per season. Designs are produced in collaboration between Italian and Indian teams.

    Da Milano sales grew 25 per cent over the last financial year, with expansion expected to continue through 2019. Efforts to promote the brand online are at the forefront as the brand approaches its 30th anniversary.

  • Welden handbags flies high in China

    Welden handbags flies high in China

    Sandy Friesen’s small and young handmade handbag company Welden generated nearly US$300,000 in gross merchandise volume during a two-day live-streaming event in China.

    On Alibaba’s C2C marketplace Taobao, the campaign was the New York brand’s first foray into China. It became an instant hit, attracting 808,000 views and 4.06 million likes on the first day.

    By the end of the two days, Welden had sold nearly 1000 bags priced from $195 to $595, with a combined 1.7 million livestream views.

    Friesen says the success of Welden’s China debut far surpassed her expectations. The Welden co-founder says China had not been on her company’s radar until only few months before the campaign.

    “We were a US brand that had been trying to expand to Canada. We’ve been really just going with what we know. It’s truly amazing this has happened so quickly.”

    Friesen started Welden in 2015, its designs being easily recognisable by their signature hexagon weave.

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  • MCM stores become art hubs

    MCM stores become art hubs

    MCM offers a harmony of art and fashion, introducing works of art and artists.

    MCM starts art activities in ‘MCM House’ store, Hongdae ‘MCM Popup’ store located in Hongdae youth street in Mapo-gu, and other flagship stores in Seoul.

    All activities take inspiration from the brand’s identity, and the 70s, years in which the brand was established  in Munich, Germany.

    Germany in the 1970s, when art culture flourished, and at the same time, combined with modern cutting-edge materials and design are att he core of the brand. Music, art, travel, and technology are the four priorities, giving Millennials a lifestyle experience that goes beyond fashion.

    The ‘MCM House’ in Cheongdam-dong allows customer to meet art by decorating the 5th floor and the 1st basement floor as a sole art space. The MCM Culture Program, which was launched in July 2017, is a representative example.

    This program is a lecture program of first-generation interior designers and representative photographers in Korea. It is a place where content creators can communicate with the public and meet with their audience.

    As the ‘MCM House’ is being used as a cultural space, the simple structure in which visitors experience the exhibition is transformed into a virtuous cycle structure in which visitors who visit the store look at the products as they were artworks.

    The ‘Kunst Project’, which is currently holding a photo exhibition at Hongdae’s MCM pop-up store, is a representative cultural and artistic campaign for MCM. Kunst means art and has been steadily opening 3-4 projects a year since 2014.

    In the meantime, it collaborated with artists from various art fields such as tattoo, toy art, molding art, sculpture, photography, installation art, graffiti, digital neon art and pop art.

    MCM will continue to carry out arts and cultural activities in the future.

    The ‘MCM Culture Program’ will host the remaining 5 lectures in the MCM House in the first half of 2018. The Kunst Project is also expected to continue throughout the year and is looking for the 12th collaborative artist.

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