Retail News CRM

Tag: Store

  • Superdry opens the first New Zealand store

    Superdry opens the first New Zealand store

    Sports fashion brand Superdry will open its first store in New Zealand next month in the heart of Auckland’s Queen Street shopping district. The new store, which will feature Superdry’s iconic jackets, menswear, womenswear, accessories and snow gear categories, will be the 18th Superdry store opened by Brand Collective, which first secured the international licence in 2007.

    Coinciding with the store announcement, the brand on Wednesday launched an online offering in New Zealand, catering and shipping to local customers.

    Antony Hampson, brand general manager, said the expansion in New Zealand is a natural step for the brand.

    “With a population of 4.7 million, New Zealand offers a significant opportunity for the Superdry brand,” Hampson said.

    Superdry has over 500 stores worldwide in over 40 countries. New Zealand is the 47th country the brand has entered.

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  • Victoria’s Secret parent to close stores as sales stagnate

    Victoria’s Secret parent to close stores as sales stagnate

    L Brands, the parent of Victoria’s Secret, saw its share price fall 8 per cent after releasing disappointing results and halving its dividend payout. The US-headquartered company is struggling to arrest declining revenue in its flagship lingerie network, where same-store sales fell 8 per cent in January, contributing to a 1 per cent drop in overall sales. Online sales, however, rose by 8 per cent.

    Overnight, subsequent to releasing its results, the company said it would close 53 stores in North America. Earlier this year it said it would reintroduce swimwear to its range after an absence of several years to increase foot traffic in stores.

    Net sales for the year to February 2 were US$13.237 billion compared to $12.632 billion for the 53 weeks ended February 3 last year. Adjusted to take account of the extra week, sales rose 3 per cent in the latest year.

    But after excluding significant one-off items, the company’s adjusted net income this year was $786.7 million compared to $919.5 million for the 53-week period last year.

    As a result of that decline, L Brands cut its quarterly dividend from 61 cents per share paid last year to just 30 cents.

    Analyst Randal Konik of Jefferies said L Brands’ banners “are not wanted anymore”.

    “Keep in mind that comps remain negative despite very high promos, which means true brand demand is even worse than reported as some consumers buy things when they are given away for free or marked down by more than 50-75 per cent,” he said.

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  • 7-Eleven Malaysia predicts improved trading conditions

    7-Eleven Malaysia predicts improved trading conditions

    7-Eleven Malaysia CEO Colin Harvey believes the company can do ever better this year after a modest improvement in sales last financial year. The company’s revenue crept up 1.3 per cent last year to RM2.22 billion (US$546 million), with after-tax profit up 2.4 per cent to RM51.3 million ($12.6 million). Harvey says sales growth was driven by new stores and an improvement in same-store sales and consumer-promotion activity.

    “We continue to see opportunity for improvement. We are confident that our strategy roadmap focussed on strengthening the key areas of assortment, supply chain, operational excellence, store base, and digitally enabling the organisation will bear fruit in terms of financial performance, and overall customer shopping experience.”

    7-Eleven Malaysia’s board believes the trading conditions for the next quarter will improve,  driven by domestic demand and anticipated heighted consumer sentiment. The group plans to “continue to refresh the 7-Eleven brand in the mind of the customer” through innovative promotions, products and pricing.

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  • Nest Fragrances opens flagship store in New York City

    Nest Fragrances opens flagship store in New York City

    Luxury-lifestyle brand Nest Fragrances has opened its first retail store in the NoLita neighborhood of Lower Manhattan. For the first time anywhere, the new Nest Fragrances flagship store unites the brand’s entire product portfolio in one retail location, which company founder Laura Slatkin describes as “an enchanted, fragranced garden”.

    “The theme of our first retail store reflects – and was inspired by – our desire to showcase the Nest Fragrances brand in a harmonious and holistic fashion in an environment that, like our fragrances, is artful, sophisticated, and approachable,” said Slatkin. “For the very first time, our new flagship store brings together under one roof our Home and Fine Fragrance collections and our newly launched Lifestyle Bodycare collection.”

    Nest Fragrances partnered with New York-based interior design firm R. Douglas Gellenbeck Studio to conceptualise and build its first retail store. MJ Atelier, an art studio based in Los Angeles, was commissioned to create a hand-painted, sculpted wall covering for the store inspired by early 20th-Century French interior designer Armand-Albert Rateau’s bath design, which he created for the Duchess of Alba.

    “Our brand’s mission is to create exceptional fragrances that shape moods, transport people, and transform spaces,” continued Slatkin. “Since 2008, when I founded Nest Fragrances, I have drawn inspiration from art, fashion, destinations, and literary works combined with the beauty of nature and its natural elements to create fragrances and products to achieve that mission. Now, 10 years later, I am thrilled that we have come full circle by successfully applying that same approach and fragrance-forward philosophy to achieve our mission in our very first retail store. Consumers will see a lot more of it as we continue to expand our footprint at retail in the coming years.”

    The 1140sqft store sells more than 215 SKUs across the brand’s three core product categories. It will also offer limited-edition products and specialty gift sets across its three core product categories – as well as year-round specialty gift sets, the option to create custom-made gift sets, candle accessories, and a concierge delivery service in New York.

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  • Newest Esprit stores reveals new concept

    Newest Esprit stores reveals new concept

    Two new Esprit stores opened in Europe this month give an insight into the new direction of the embattled brand as it rebuilds. In the historic centre of Liege in Belgium a new 400sqm boutique stocks only womenswear. According to an understated news release issued in Germany, the “modern and bright store design creates a pleasant and warm atmosphere”.

    A standout feature is a denim wall standing in front of a brick wall painted in light grey. The floor comprises terrazzo tiles and oak parquet.

    The new store also reflects a growing focus on Esprit’s e-commerce offer, with a click & collect area for customers to pick up items they have ordered online.

    The second of the Esprit stores to open in Europe this month is an outlet store at Wolfsburg in Germany.

    The 400sqm store is described by Esprit as “an important location” in its outlet portfolio. It offers both women’s and men’s apparel.

    Michael Ernst, centre manager of Designer Outlets Wolfsburg, says customers have been asking for an Esprit store at the centre for several years.

    “We are delighted to be able to fulfil this wish now. The new store offers an attractive range of fashion at excellent value.”

    Designer Outlets Wolfsburg is the first inner-city outlet centre in Germany, home to more than 70 designer and lifestyle brands.

    After ongoing losses, Esprit last year launched a massive overhaul of its business with a new management team at the helm, promising changes to product, its retail network and its e-commerce offer.

    The company is due to release its interim results this week.

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  • India’s V-Bazaar opens 1st outlet in Lalitpur

    India’s V-Bazaar opens 1st outlet in Lalitpur

    V-Bazaar has announced the launch of its 1st store in Lalitpur and 30th in Uttar Pradesh. V- Bazaar is a complete family fashion store which brings trendy and fashionable merchandise to every category of people, at reasonable prices by eliminating the middleman between manufacturers and customers. The store is spread over 8,856 sq.ft. area.

    Announcing the launch, Hemant Agarwal, CMD of V-Bazaar said, “It is a very happy and proud moment for us to open our 1st store in Lalitpur. Looking at the overwhelming response of our other store, we thought of providing the convenient shopping experience to the customers of the city. It has been our attempt to provide our customers the superior merchandise, service and the overall international shopping experience. This 1st new store in Lalitpur is a significant achievement for us. Our new store is fashionable and individualistic, showcasing a collection of the finest quality merchandise at unbelievably pocket-friendly prices.”

    The new showroom has been spread over large area with spacious interiors. The new store offers a vibrant trendy line for the youth which includes shirts, pants, sherwanis, kurta pyjama, jackets for men and fancy wedding sarees, wedding designer suits, cotton suits, pants, half sleeve and full sleeve t-shirts for women. There is large variety of dresses for your young ones too.

    The range offers funky, stylish, and incredibly comfortable garments that are a must in every teenagers and young adult’s wardrobe. Created while keeping current international trends in mind, the collection is trendy, fashionable and is available at unbelievably low prices. Customers can make their shopping fun with special opening offers at V-Bazaar as on every purchase they get assured gifts.

    V-Bazaar primarily operates in Tier II and III cities. It is chain of value retail fashion stores offering apparels for men, women, kids, home furnishing, footwear and accessories catering to the entire family.

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  • Seoul to get its first Emart Traders branch next month

    Seoul to get its first Emart Traders branch next month

    Emart, a Shinsegae Group company, will open a new branch of Traders, its big-box warehouse chain, in Seoul next month. It will be the first branch in the capital. The outlet will be located in Wolgye-dong, Nowon District, northern Seoul, with the opening scheduled for March 14. The Wolgye Traders is being built in the parking lot of Emart’s Wolgye store. The warehouse store will be 9,917 square meters (106,746 square feet) in size, with 45,302 square meters of floor area.

    Emart said the annual sales goal for the first Seoul branch of Traders is 140 billion won ($12.6 million). The company is planning to raise the new branch’s competitiveness by offering instant and fresh food at prices that could be 45 to 50 percent lower than the average price at department stores.

    There are currently 15 Traders branches nationwide, and Emart is planning to expand the number to 18 by the end of this year.

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  • H&M launches collection with artist Nathalie Lete

    H&M launches collection with artist Nathalie Lete

    H&M has unveiled a collaboration with Paris-based artist Nathalie Lete on a children’s clothing and accessories capsule collection. The collection, which will be available online and in selected stores worldwide from March 7, features several of Lete’s fantasy-land-inspired artworks as prints.

    The H&M collaboration is a childrenswear collection for babies and children with a wide range of t-shirts, jackets, jeans, dresses, jumpsuits, shorts and swimsuits. The colourful animal and floral prints created by artist Nathalie Lete start with paintings in acrylics by hand, which are then artfully arranged together to create an imaginative story. For this collaboration, Lete brought a tropical jungle to life with chameleons and tigers, along with her iconic representation of flowers with cats, birds and rabbits.

    “In my work, I create a fantasy land for myself,” said Lete. “A land that I want to share with other people to make them dream. It’s all about flowers, animals, birds, naivety and colors. I want to create a cocoon that brings happiness and harmony all around. The relationships between the different elements tells stories, stories that create a beautiful atmosphere. I ‘m happy to share my world through this collaboration, all around the world, together with H&M.”

    “Natalie Lete and her work is something we have admired for a long time, and we are thrilled to be collaborating with her for this kids’ collection,” said H&M kids’ division designer Jennifer Helmer.

    “The collection is playful and inviting and the pieces truly makes you feel like you’re in a botanical dream. We cannot wait to share this collection with our youngest fans.”

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  • Fosun Fashion Group launches company to help brands launch in China

    Fosun Fashion Group launches company to help brands launch in China

    Hong Kong-listed Chinese trading group Fosun has launched Fosun Fashion Brand Management Company (FFBM) to serve brands with ambitions to expand in the Greater China market. The new firm is offering full brand management services, covering retail and wholesale operations, merchandising, marketing and communications management, human resources and complete back office support. With an average of more than 15 years of operational experience in China, the FFBM team has successfully grown a number of fashion brands in China over the past two decades.

    “We are excited about FFBM. This is a major milestone for us at this critical stage in FFG’s development as we continue to expand our in-house operating capabilities,” said Joann Cheng, Fosun Fashion Group’s chairman. “The FFBM team brings a comprehensive set of operational experience spanning retail and digital in fashion, which will be invaluable as we enter this new phase of execution. This new platform provides FFG with a wider scope of competencies, and allow us to maximise control over brands’ performance in our own backyard enabling us to create incremental value for brands outside of their home markets.”

    FFBM’s CEO James Chen said that in recent years, China has become one of the core markets for many brands, and it will continue to thrive to become one of world’s top consumer markets.

    “Having lived and worked in China for the last 20 plus years, I am excited, now more than ever for the vision of Fosun Fashion Group as well as the fashion landscape in China.”

    The news comes less than a week after Fosun’s announcement of a takeover bid for German-listed fashion retailer Tom Tailor.

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  • OnTheList to launch in Taiwan

    OnTheList to launch in Taiwan

    Founded in 2016, OnTheList is a members-based flash sale company that offers premium goods at unbeatable prices. As of March 2017, OnTheList has called its showroom on Duddell Street, home. In 2018, OnTheList opened pop-up showrooms in Hong Kong, launched in Singapore, and is now ready to expand into other countries in Asia.

    In 2019, OnTheList is jetting off to another Asian city to host the first Flash Sale in Taiwan in March.

  • Jollibee Malaysia plans 100 Stores

    Jollibee Malaysia plans 100 Stores

    Philippine restaurant chain Jollibee has announced plans to launch more than 100 Jollibee stores in Malaysia within the next 10 years. According to a report, the openings will include 50 stores in Sabah and Sarawak. President and head of JFC International Business for Europe, the Middle East, Asia and Australia Dennis Flores said that Jollibee would be a “welcome addition to the diversity of the food scene in Kota Kinabalu,” the Sabah state capital.

    “We believe that we can appeal to the diversity as we have seen in other countries where Jollibee has been successful, such as Vietnam, Brunei, Hong Kong and Singapore,” he said at the official inauguration of the Jollibee Malaysia grand store (which has been trading since last year) at Centre Point Sabah this week.

    Chairman and founder of JFC Tony Tan Caktiong said the company was happy with the enthusiastic welcome to the store’s opening from local customers.

    “This has given us an encouragement to reach more Malaysians with our delicious menu and friendly service,” he said.

    Jollibee operates 14 brands in 21 countries with more than 4500 stores worldwide.

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  • CLUSE opens its very first monobrand store in Taiwan

    CLUSE opens its very first monobrand store in Taiwan

    The Amsterdam-based watch brand renowned for its timeless sophistication and strong focus on materials, quality, and style has just opened its first monobrand store in Taiwan in partnership with Bluebell. This CLUSE monobrand POS is a rotating pop-up in partnership with Eslite, which aims to attract visitors from different cities in Taiwan. This month the pop-up stops at the Eslite Taichung Parklane by CMP Store, 1F.

    CLUSE, created in Amsterdam in 2013 by a team of young and ambitious individuals, is a fast-growing watch brand for the modern and fashionable woman.

    Named after “Cluses”, one of the oldest watchmaking towns in France, CLUSE is able to combine a modern, minimalistic, and elegant design yet remaining faithful to its heritage by crafting authentic, quality analogue timepieces.

    CLUSE was discovered at an early stage by the fashion-loving crowd on social media, and among others, it has acquired worldwide fame on Instagram and Facebook, being recognized as a successful Facebook story for its effective digital marketing strategies.

    Thanks to the profound in-house knowledge of Social Media marketing, a data-driven approach and a clear customer profile based on campaign data, CLUSE has managed to grow to a staggering 1.6 million Facebook fans and 700K Instagram followers within 3 years.

    This success is boosted by CLUSE’s brand ambassadors who are recognized among the most influential kol worldwide like @sincerelyjules and @retroflame who live their life with the same philosophy of the brand.

    Drawing inspiration from minimalist fashion and subtle colours, CLUSE represents the mentality of simplicity of being grounded, empowered, sophisticated and true to oneself.

    CLUSE is designed not only to indicate time, but also to define the best moments in life.

    CLUSE is designed for dynamic and versatile women. One CLUSE watch allows infinite possibilities thanks to the mix&match easily interchangeable straps.

    CLUSE has soon become the most popular lifestyle watch brand in Europe and invested into a high-end network of distributors.

    After expanding in Europe, CLUSE has quickly conquered millennials in different countries, and it led to simultaneously launch in wholesale in Japan, Korea, Malaysia, and wholesale and mono-brand stores in Hong Kong, Singapore, and now Taiwan.

    The latest collection is La Tétragone (this new classic square shape design launched in SS18), and Triomphe (also launched in SS18).

    Following the success of CLUSE timepieces, the brand has started a new adventure into jewelry. Three collections have been created Essentielle, Idylle, and Amourette to translated unique personalities into unique pieces.

    CLUSE is definitely a brand to keep an eye on, strong brand identity,  effective digital marketing strategy, and an army of influencers boosting its brand image.

  • Japanese Brand Muji Will Open First Vietnam Store in 2020

    Japanese Brand Muji Will Open First Vietnam Store in 2020

    Japanese household goods and apparel chain Muji plans to open in Vietnam next year. The company will establish its subsidiary Muji Vietnam this August with headquarters in Ho Chi Minh City. The first store is scheduled to open in the second quarter. Muji’s parent Ryohin Keikaku says it chose Vietnam as Muji’s next overseas market because of the country’s fast-paced development. Vietnam has the third-largest population in ASEAN and is undergoing rapid economic growth.

    “From our business’ point of view, it is one of the major markets in ASEAN, with the estimated real GDP growth of 7.1 per cent last year,” the company said in a statement released in Japan.

    “We expect that our experience and knowhow in the global market will help in running stores that serve everyday living and [that will] increase Muji’s fans in the area.”

    Muji products are among the most popular items hand-carried back into Vietnam from travellers visiting countries such as Thailand, Singapore, Hong Kong and the Philippines.

    The opening of first Muji Vietnam store is expected to attract many Vietnamese youngsters, with the minimalist lifestyle reflected in the retailer’s product range currently a trend in the country.

    Muji has more than 450 stores in Japan, and 470 stores in other countries.

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  • Armani’s pop-up opens in Thailand

    Armani’s pop-up opens in Thailand

    Giorgio Armani beauty announces the opening of its itinerant pop-up store ARMANI BOX in Bangkok Suvarnabhumi Airport in Thailand. The opening of ARMANI BOX BANGKOK was celebrated on February 11th with a ribbon-cutting ceremony and an exclusive event in the presence of influencers from Thailand and China. During the event, the design of ARMANI BOX BANGKOK was revealed: with its hot red walls and black lighting fixtures, it is full of surprises. A giant gorilla, Uri, welcomes visitors as they enter the store: created by Italian artist Marcantonio Raimondi Malerba, the full-sized golden gorilla is a replica of the black one that resides in Giorgio Armani’s home in Milan. “This resin gorilla is a gift that came from a movie set. He’s called Uri”.

    It is hard to think about Giorgio Armani without bringing cinematic images to mind. The new ARMANI BOX experience allows the visitor to become a movie star with a series of details to explore: from the Walk of Fame digital handprint, to the backstage makeup stations, as well as a red carpet indicating the way. Visitors can also film their very own screen test, entering a director’s booth and playing with their emotions; portrait photos and videos will be available to keep, share and post online.

    The ARMANI BOX is a sensorial and playful immersion in Giorgio Armani beauty’s universe. Visitors can discover product exclusives included a limited edition version of its new lip product Rouge d’Armani Matte #400, and personalize their products with engraving.

  • CU convenience stores parent records sales leap

    CU convenience stores parent records sales leap

    The operator of South Korea’s CU convenience stores, BGF Retail, has achieved KRW189.5 billion (US$168.9 million) in operating profit last year, a leap of more than 600 per cent over last year. The company said on Tuesday its sales had risen by 515.3 per cent to KRW5.77 trillion ($5.14 billion). The results confirmed market predictions of a major upswing for the firm following demerging into separate holding and operating entities in November 2017.

    However, despite the improved trading figures, net profit dropped 98.1 per cent to KRW47.2 billion ($42.06 million). A statement by the firm explained that profits from some business activities made after the demerger had been attributed to the previous year’s statements.

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