115 stories in this topic
H&M Vietnam has revealed it will open its first store in Hanoi, not Ho Chi Minh City, the nation’s largest population base. The Swedish-headquartered fast-fashion giant has already commenced recruiting staff. According to the recruitment ads, H&M will open…
Global brands like Gap, The Body Shop and Zara are slashing Indian retail prices to stay competitive in the heavily price-sensitive market. UK cosmetic brand The Body Shop slashed prices across categories in India by 20 to 30 per cent last week, and US…
Zara China has shuttered its giant three-story, 3000 sqm Chengdu flagship store in what a retail commentator describes a “fine-tuning” of its retail network. The store, at Lesen Shopping Center, No.31, Zongfu Road, was previously occupied by luxury brands…
The shopping frenzy continues after Christmas as Orchard Road and neighbourhood malls lay on the post-Christmas sales to reel in the crowds. Mall tunes have been switched as well, as many people head out to shop for the Chinese New Year, on Jan 28 next year,…
A giant Zara Barcelona flagship store has opened its doors at Number 5, Plaça de Catalunya, Barcelona’s tourist and commercial epicentre. Zara describes the store as one of its “most emblematic”, housed in a 1930s property which has been fully refurbished and…
Mothercare is in the process of a much needed turnaround strategy for its UK business that aims to bring the UK side of its proposition back to profit. After a reasonable first quarter result, the retailer has felt the effects of a tougher economic climate in…
US private-equity company General Atlantic has made its first investment in Indonesia by buying into lifestyle retailer Mitra Adiperkasa (Map). It has subscribed for Rp1.08 trillion (US$80.5 million) in bonds issued by Map which are convertible into shares in…
UK retailer Marks & Spencer announced on Wednesday that it will pull out of the Chinese mainland market and close all the 10 stores amid shrinking profits, according to a statement the company sent to the Global Times on Wednesday. “Our review has shown that…
Taubman Asia, a subsidiary of US shopping centre group Taubman Centers, and China’s Wangfujing Group, have announced the line-up of retailers for its CityOn.Zhengzhou mall in Henan province, set to open on March 16. When it opens, the centre will be 100 per…
Prime Vietnam retail rents are rising as a flurry of international retail brands move into Ho Chi Minh City. The third quarter of 2016 saw major changes of supply market in HCMC, according to a research report by Colliers International. In recent months, more…
New Look, a fast-fashion retailer bearing a striking similarity to Forever 21, is aiming to boldly go where many chains have gone before but few have succeeded. The British retailer’s chief executive officer, Anders Kristiansen, has made no secret of his…
Shares in UK-based fashion retailer French Connection Group Plc rose more than 20 percent on Monday after a media report said overseas investors were looking to buy the lossmaking firm. The Telegraph newspaper had said on Saturday that interested buyers were…
Spanish lingerie brand Oysho, owned by Inditex, continues its international expansion with the opening of its first store in Indonesia. In Jakarta’s centre, the 300 sqm shop is in Plaza Indonesia, a shopping centre that is also home to other Inditex brands…
Spain’s fashion retail giant Inditex, owner of popular brand Zara, on Wednesday posted an eight-percent rise in first-half profits thanks to a surge in clothes sales around the globe. One of the world’s largest fashion retailers said profit for the six months…
It is not uncommon to see avid traveller Cara Lee lugging numerous shopping bags up the aeroplane – not on her way back from her travels, but at Changi Airport on her way out. The 26-year-old account manager at a media intelligence company spends about $180…
Zara Vietnam’s flagship store is taking shape at Vincom shopping mall in Ho Chi Minh City, and is expected to open soon. The Spanish fast-fashion brand announced in May that it would expand to Vietnam this summer, setting its debut store’s opening date for…