H&M expands its global footprint with the opening of its first store in Vietnam. Located at Vincom Center Dong Khoi in Ho Chi Minh City, the new flagship store opened with a DJ performance and party. >>
2 – Canadian retailer Roots eyes Singapore, Malaysia for expansion
Canadian clothing retailer Roots is hoping an IPO will help it expand internationally, including Singapore and Malaysia. >>
3 – JD Sports enters South Korean market with Hot-T investment
The British sportswear giant amps up plans to take on South Korean market with 15 percent stake in Hot-T, as part of wider global expansion plans. >>
4 – Pagoda to open 10,000 stores by 2020, providing global superior fruits for Chinese consumers
Fruit retailer Pagoda says it is opening new stores in Mainland China at the rate of four or five a day and anticipates opening its 10,000th store by 2020. >>
The fast fashion industry in China has grown rapidly for last decade, yet now slows pace down. Taking a look at recent trends in the number of Uniqlo stores from 2013 to 2017, we found out that there was an expansion speed peak in 2015. In this research we try to track changes of Uniqlo store growth within recent four years. The figures reported here are based on store counts of every two year.
The fast fashion industry in China has been changing and continuing to grow at a moderate pace. With the increasing purchase power of middle-class, key international players all expect to expand current network over three years. From the chart < 2017 Fast Fashions Door Share in China>, we learned that Uniqlo and H&M dominate China market in T2-T3 cities. Let’s see more network planning strategies for 4 international fast fashion retailers.
Key Findings:
Uniqlo spreads out nationwide and enters most of T2 & T3 cities.
H&M shares similar strategy to Uniqlo but focuses more on the East coast and the South.
Both GAP and Zara expands more conservatively in fewer cities. GAP focuses on Beijing, Shanghai and Guangzhou areas, whereas Zara spreads more evenly.
1 – Starbucks to buy out Chinese venture in its biggest deal yet
Starbucks Corp. is buying the rest of its East China joint venture in a $1.3 billion transaction, marking the biggest deal ever for a company that sees China as a huge growth opportunity. >>
2 – Jimmy Choo bought by Michael Kors in £896m deal
Luxury shoemaker Jimmy Choo has been bought by Michael Kors Holdings in a deal which values the firm at £896m. >>
3 – Amazon reportedly coming to Singapore
Amazon is said to be coming to Singapore and as soon as this week, according to a report by TechCrunch, marking the US e-commerce giant’s entry into Southeast Asia. >>
4 – Puma sportswear finds traction with footwear
German sportswear brand Puma achieved double-digit growth in all regions and in both footwear and apparel in the second quarter. >>
1 – Korean banks seek new opportunities in Southeast Asia
Korean banks have been actively advancing into Southeast Asian countries, seeking new business opportunities in the blue ocean market. Amid toughening competition and regulation in some countries, however, experts advise that banks need consistency in their Southeast Asia strategy, based on a long term perspective. >>Read the rest of this entry »
