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Tag: Fashion

Retail Asia12/07/2023
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Fashion

New Balance introduces new retail concept to Singapore

5min0
New Balance recently opened a concept store in Singapore, featuring a Volumental 3D foot scanner in the fitting area. Since partnering with Volumental in 2017, the retailer says that it has scanned the feet of more than one million shoppers worldwide. The scan, which takes less than five seconds, provides employees with detailed information about […]
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Retail Asia25/05/2023
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Fashion

Japanese brand Uniqlo has decided to leave Russia after suspending its operation there last year, paving the way for a sale of the business, the Izvestia newspaper cited Russia’s deputy trade minister as saying. Uniqlo owner Fast Retailing (9983.T) suspended the clothing brand’s operations in Russia in March, 2022, joining scores of international companies, after Moscow sent troops into Ukraine in what it dubbed a “special military operation”. Advertisement · Scroll to continue Deputy Minister of Industry and Trade Viktor Yevtukhov said the company has decided to completely leave Russia but has not yet submitted an application to the government, which means the chain has no buyer yet, Izvestia reported on Tuesday. A woman walks past the logo of Uniqlo at Myeongdong shopping district in Seoul A woman walks past the logo of Uniqlo at Myeongdong shopping district in Seoul, South Korea, October 22, 2019. REUTERS/Heo Ran “I think they can offer potential buyers their business model,” Izvestia cited Yevtukhov as saying. “The Japanese retailer will be able to offer … lease agreements, popular points of sale with the good buyers traffic and equipment.” Advertisement · Scroll to continue Fast Retailing said in a statement its operation in Russia remains suspended, adding some stores were closed with “no foreseeable prospects to resume operations.” The company will continue to monitor the situation closely and make decisions accordingly, the statement said. Tadashi Yanai, the founder of Fast Retailing, told Japanese media earlier that Uniqlo was operating 50 stores in Russia.

4min0
Japanese brand Uniqlo has decided to leave Russia after suspending its operation there last year, paving the way for a sale of the business, the Izvestia newspaper cited Russia’s deputy trade minister as saying. Uniqlo owner Fast Retailing suspended the clothing brand’s operations in Russia in March, 2022, joining scores of international companies, after Moscow sent troops […]
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Retail Asia27/04/2023
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Uncategorized

Dior to open its largest store in South Korea

2min0
Following the launch of its concept store in Seoul’s Seongsu-dong district last year, LVMH-owned luxury house Dior will open its largest brick-and-mortar store in South Korea in the second half of this year. Located inside one of the country’s largest department stores Hyundai Department Store Pangyo, Dior’s new flagship store will mark the largest among […]
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Retail Asia26/04/2023
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Fashion

French jeweler Tiffany opens store in HCMC

2min0
Luxury jewelry brand Tiffany & Co. has opened a store in Ho Chi Minh City, two years after opening its first in Vietnam in Hanoi. The store in District 1, which had a soft opening last week, is part of a strategy by the 186-year-old jeweler to increase its presence in Asia after being acquired […]
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Retail Asia27/03/2023
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Fashion

Nike launches Jordan World of Flight in Shibuya, Tokyo

3min0
Located in the capital’s Shibuya district, close to the Harajuku trade zone and along Meiji Dori Street, the 9,200-square-foot space is a designed “as a tribute to basketball culture and Jordan Brand’s identity and heritage,” according to a press release. Inside, visitors will find Jordan brand footwear and apparel products across men’s, women’s and kids, as well as […]
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Retail Asia27/03/2023
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Fashion

Superdry sells Asia Pacific IP assets to Cowell Fashion Company

3min0
UK-based clothing company Superdry has agreed to sell its intellectual property (IP) assets in certain Asia-Pacific (APAC) countries to the South Korea-based Cowell Fashion Company. The $50 deal will enable Cowell to own and use the Superdry brand in South Korea with plans to extend it to other countries in the region, including China. The agreement excludes Bangladesh, India, Pakistan, […]
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Retail Asia15/03/2023
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Fashion

Spain’s Mango plans U.S. expansion after China retreat

4min0
Chief Executive Officer Toni Ruiz said that Spanish fashion retailer Mango is focusing on U.S. expansion after turning its back on China. After two previous attempts failed, mango is returning to the United States to offer higher-priced clothes meant for special occasions and parties. It will target states where online sales are already strong. The […]
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Retail Asia10/02/2023
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Fashion

Fendi opens first flagship boutique in South Korea

1min0
Fendi has opened the doors to its first flagship boutique in Seoul, South Korea. Dubbed “Palazzo Fendi Seoul,” the 715 square meter (approximately 7,696 square feet) store is located in the Cheongdam-dong neighborhood of the city and houses the brand’s women’s and men’s ready-to-wear and fur collections, shoes, accessories, leather goods, and home accessories across four […]
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Retail Asia09/02/2023
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Fashion

Diesel partners with Jaspal Group to expand in Southeast Asia

2min0
s to distribute and market the Italian fashion brand Diesel in Thailand and Vietnam, according to the Bangkok Post. Jaspal Group has opened Diesel’s first flagship store in Thailand inside Bangkok’s giant shopping mall CentralWorld, taking Diesel’s store count in the country to four. The new store was designed under the ‘Sunshine’ concept, featuring the brand’s […]
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Retail Asia07/02/2023
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Fashion

H&M to shut high-profile Singapore store

3min0
 H&M’ s two-storey Ion Orchard outlet is closing in March, after a run of more than a decade. Opened in 2012, the store’s last day of operations is on March 12, according to a Facebook post by the Swedish fast-fashion brand on Feb The post added: “But don’t worry. We’ll meet in other places.” The […]
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Retail Asia02/02/2023
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Fashion

Amorepacific Group’s net profit halved last year

2min0
On April 28, Amore Pacific Group announced key figures for Q1 FY2022, with the Korean beauty giant reporting sales of $997 million, down 9% year-on-year, operating profit of $136 million, down 13.4% year-on-year, and net profit of $104 million, down 25.2% year-on-year. The earnings report noted that domestic sales in Korea continued to account for […]
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