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Retail Asia29/07/2021

Swedish multinational clothing retail company Hennes & Mauritz AB (H&M) has announced the opening of its first store in Cambodia next year, according to a press release issued in early July. The firm, however, did not disclose the specific date and location of this first store. H&M already has a large presence in the region […]

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Retail Asia26/07/2021

Sales at Giorgio Armani jumped 34% in the first half of 2021 as business in China and the United States helped the Italian fashion group bounce back, although it said it could be next year before it fully recovers from the pandemic. “The goal is to return to pre-pandemic levels by 2022, with… over 2 […]

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Retail Asia06/07/2021

Fashion retailer H&M’s global sales growth slowed in the second half of June and the Swedish company took a sales hit in China after its concerns over alleged human rights abuses in Xinjiang led to a social media-inspired boycott by shoppers.` The world’s second-largest fashion retailer aon Thursday reported a stronger-than-expected profit for its March-May […]

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Retail Asia10/05/2021

Hollister Co., a division of Abercrombie and Fitch is building upon its successful relationship with leading social media personalities Charli and Dixie D’Amelio to launch Social Tourist, a new trend-forward apparel brand within the Abercrombie & Fitch Co. portfolio. For its initial May 20 launch, Social Tourist will be available exclusively in Hollister stores and […]

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Retail Asia06/04/2021

Family Mart, one of Japan’s most common convenience store chains, will now be offering apparel. Dubbed “Convenience Wear,” Family Mart will be launching 68 different articles of clothing, designed by FACETASM designer Hiromichi Ochiai. Spanning essentials like T-shirts, long-sleeves, tank tops, shorts and socks, each piece is neatly folded in transparent zip-lock packaging labeled with detailed information about […]

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Retail Asia17/03/2021

Sales at fashion group H&M fell slightly less than expected in the three months through February and rose in the first half of March as pandemic restrictions were eased in some markets, allowing hundreds of stores to reopen. The world’s second-biggest apparel retailer said on Monday net sales fell 27% from a year earlier, or […]

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Retail Asia10/03/2021

Sweden’s H&M, the world’s second-biggest fashion retailer, said on Monday it was shocked by the use of deadly force against protesters in Myanmar and that it had paused placing orders in the country. Police and military have killed more than 50 people to quell daily demonstrations and strikes against a Feb. 1 military coup, according […]

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Retail Asia10/02/2021

Clothes retailers in Europe and America sit on excess inventory and cut back on spring orders. Sourcing agents face late payments. Garment factories in Bangladesh are on the rack. The global apparel industry, reeling from a punishing 2020, is seeing its hopes of recovery punctured by a new wave of COVID-19 lockdowns and patchy national […]

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Retail Asia04/02/2021

The fashion industry loves a bandwagon, and the see-now-buy-now one keeps rolling along. A murderer’s row of major brands, from Burberry and Ralph Lauren to Tommy Hilfiger and Moschino, has incorporated at least some element of instant gratification into their recent collections. Burberry and Lauren presented immediately shoppable runway shows, with the latter inviting attendees straight into the store after his spring 2017 […]

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Retail Asia02/02/2021

Hennes & Mauritz released stronger-than-expected fourth-quarter results on Friday but flagged ongoing challenges in trading conditions, with more than 1,000 stores temporarily closed. “The ongoing restrictions along with the many temporary store closures will have a substantial negative impact on the first quarter,” said chief executive officer Helena Helmersson, speaking on a phone call with analysts […]

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Retail Asia27/01/2021

UNIQLO today announces that it will open UNIQLO Orchard Central, its first Global Flagship Store for Southeast Asia and Singapore, on Friday, 2 September 2016. Under the concept of “U+S and The World”, the new store will showcase the brand’s full assortment of LifeWear – innovative, high-quality clothing that is universal in design and comfort, […]

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Retail Asia19/01/2021

Giordano International (0709) warned that it expects to record an annual net loss of between HK$110 million and HK$130 million in 2020, as compared with a profit of HK$230 million in 2019. As stated in the interim results announcement last year, a net loss of HK$175 million was recorded for the six months ended June […]

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Retail Asia12/01/2021

Esprit has unveiled a new management team in its latest attempt to resuscitate the brand, with Mark David Daley now installed as chief executive officer. Daley, 56, is described by Esprit as a 30-year retail industry veteran and was most recently the ceo at the fashion brand, Billy Reid. He has held the ceo position at […]

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Retail Asia12/01/2021

Bauhaus International (0483) said same-store sales growth of its self-managed offline shops fell by 38 percent year-on-year for the three months ended December last year. In Hong Kong and Macau, the same-store sales performance of its self-managed retail business fell by 36 percent year-on-year. In non-Hong Kong and Macau, same-store sales of self-managed retail businesses […]

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Retail Asia09/12/2020

Italian designer clothing brand Stone Island has just been snapped up by Italian winter wear’s favorite Moncler SpA (BIT: MONC). While some retailers are winding up operations and slipping into administration, others are seeing an opportunity to expand. Designer goods are selling surprisingly well this year, and many analysts think 2021 will see a massive recovery in […]

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Retail Asia26/10/2020

For some sneakerheads who may be unaware, Reebok is owned by Adidas. Back in 2005, the brand was bought by the Three Stripes for a large sum of $3.8 billion and they have been sharing warehouses and website assets, ever since. Now, however, this business relationship could very well be coming to an end, based on a brand […]

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Retail Asia23/10/2020

Uniqlo father or mother Fast Retailing might have reported a 12-per-cent drop in gross sales in its full-year outcomes, however, that decline was far lower than predicted as not too long ago as July as a result of the Greater China and Japanese markets recovered at a sooner rate than anticipated. The firm reported full-year […]

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Retail Asia05/10/2020

The world’s second-biggest fashion retailer, Sweden’s H&M, says it plans to cut 250 of its stores globally. The closures will come next year after the firm said the Covid-19 pandemic had moved more shoppers online. Although it said sales had continued to recover in September, they were still 5% lower than the same month in […]

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Retail Asia22/09/2020

Japanese apparel business Uniqlo has launched a recycling initiative aimed at reducing the footprint of its products being improperly disposed of. Called Re.Uniqlo, the program enables the business to recycle old clothes into new clothes, redistributing old clothes to people in need, and, in Japan only, recycling old clothes into fuel and materials. Goods to […]

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Retail Asia22/09/2020

Performance apparel brand Arc’teryx has opened its first global flagship store in Shanghai, its largest store to date. Called the Arc’teryx Alpha Center, the store occupies an 8000sqft area, offering what the brand describes as an “experiential design and apparel from each of the brand’s performance, lifestyle, and Veilance collections”. “We wanted to create a […]

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