New Nike concept store opens in Hong Kong
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The new store has been launched by GMG as part of the company’s plans to ramp up its investment in the Asia market.
The new Nike store spans over 2171sq ft and is situated in the East Point City shopping mall in Hang Tau district. It is home to sportswear for both men and women, in various categories including running, basketball and training.
GMG has partnered with Nike in other markets since 1982, and entered the Asia market in 2020 after buying Royal Sporting House, a leading multi-sports retailer and recently purchasing Nike retail stores from SUTL Corporation, expanding its presence in Singapore and Malaysia.
Mohammad A Baker, Deputy Chairman and CEO, GMG, said: “Asia is propelling the retail industry forward, generating a substantial portion of global growth in the sector and offering immense potential and expansion opportunities for GMG. The opening of our new Nike store in a key market such as Hong Kong, the first in two years, further signifies the recovery of a post-pandemic economy while allowing us to strengthen our physical retail presence in Asia.”
Questions & Answers
Q.What is the size of the new Nike concept store in Hong Kong?
What is the size of the new Nike concept store in Hong Kong?
The new Nike store spans over 2171 square feet. It offers sportswear for men and women across various categories, including running, basketball, and training, catering to a wide range of athletic needs.
Q.Where is the new Nike concept store located?
Where is the new Nike concept store located?
The new Nike store is situated in the East Point City shopping mall. This mall is located in the Hang Tau district, marking a strategic placement for GMG's expansion in Asia.
Q.How long has GMG been working with Nike?
How long has GMG been working with Nike?
GMG has been a partner with Nike in various markets since 1982. This long-standing collaboration highlights a well-established relationship before GMG entered the Asian market in 2020.
Q.Why does GMG consider the Asia market important for its growth?
Why does GMG consider the Asia market important for its growth?
GMG believes Asia is driving the retail industry's progress, contributing significantly to global growth. The region offers considerable potential and expansion opportunities, making it a key focus for the company's investment.
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