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With store openings and competitive pricing, H&M India has upped its turnover 94.5 per cent in India for the year to the end of November. The Swedish fast-fashion retailer’s turnover reached INR955 crore (US$148 million) for the 12 months. Its growth follows…
The apparel industry has a big problem. At a time when the economy is growing, unemployment is low, wages are rebounding and consumers are eager to buy, Americans are spending less and less on clothing. The woes of retailers are often blamed on Amazon.com…
High street retailer Zara has been widely mocked for marketing a £70 checked skirt which bears a striking resemblance to a cheap sarong worn by Asian grandfathers. The fashion brand’s description of the new mink-coloured garment as a “check mini skirt” with…
Japan’s Fast Retailing plans to launch its Uniqlo clothing brand in Sweden with an initial store in Stockholm this year. Taking on its rival H&M in its home market, it marks the cut-price brand’s debut in the Nordic region. Uniqlo has fewer than 70 stores in…
Spurred by a rising middle class and influx of international retailers, Vietnam retail sales hit a record US$129.6 billion last year. This was growth of 10.9 per cent over 2016, according to the Vietnam General Statistics Office (GSO). Vietnam’s largest real…
Spanish fast-fashion retailer Zara has installed a self-service kiosk at one of its stores to provide a flexible shopping experience for online customers. Springwise.com reports that when a package arrives to the kiosk, the customer receives a notification…
Shares of the world’s second-largest fashion chain, H&M, have hit its lowest in eight years as the retailer reports plummeting sales at the conclusion of a despondent year. In the three months to the end of November 2017, H&M reported a 4 percent drop in…
Clothing company Inditex international, which owns Bershka and Zara, reports a strong performance for its latest nine months. Continuing to roll out its global fully integrated store and online platform, the Spanish group opened outlets in 52 markets during…
Beijing’s iconic Xidan Joy City celebrated its 10 year anniversary today by unveiling its newly renovated Rose Garden relaxation zone. The celebration also marks the completion of the first phase of a significant upgrade of the mall’s interior and public…
Uniqlo parent Fast Retailing has applied to open stores in India. The Japanese fast-fashion giant has filed an application with India’s Department of Industrial Policy & Promotion to do business in the country under the Uniqlo brand. “India is a market with…
Parkson Retail Asia has had a lacklustre start to its fiscal year, its unaudited first-quarter figures show. Gross sales proceeds fell by 8.3 per cent year on year to S$202.4 million (US$148.9 million) for the quarter. Total merchandise sales generated $198.1…
With the opening of its largest shopping centre yet, Suzhou Center Mall, Singapore retail-estate company CapitaLand has marked a record year of a million square metres of retail space. More than three times the size of Ion Orchard in Singapore, the mall is…
Zara Vietnam opens its first Hanoi store tomorrow in Vincom Centre Ba Trieu. According to an announcement on the Spanish fashion brand’s website, the three-storey store will face Doan Tran Nghiep street and offer styles for women, children, teens, and men. It…
A “steady if cautious” Hong Kong retail recovery is clearly underway, according to a report from Savills released today. “The retail sector is slowly coming to life after four years of painful adjustment which has seen the emergence of a ‘tenant’s market’, a…
Zara’s parent company Inditex Group has seen its first half revenue rise 11.5 per cent, underpinned by growth across all markets and brands. First-half net profit amounted to €1.37 billion, seeing year-on-year growth of 9 per cent, while like-for-like sales…
Zara India is launching an online store on October 4, it has announced on its Facebook page. This follows the Spanish clothing retailer launching e-commerce sites this year for Malaysia, Singapore, Thailand and Vietnam. With a presence in 93 countries, the…
