Japanese fashion retailer Uniqlo aims to turn a profit at its small but expanding US network of stores within the next couple of years, the company's top US executive, Larry Meyer, said.
Well known in its home country for its inexpensive but trendy down jackets, jeans and undergarments, Uniqlo – short for "Unique Clothing" – is a relative newcomer in the United States.
UK retailer Marks & Spencer, which opened in Vietnam just a fortnight ago, has announced that it has already achieved its first month's sales target.
At the official opening ceremony of its first store in Vietnam on Friday, Munish Rishi, country manager and senior VP – department store at franchisee Central Retail Corporation, told Viet Nam News: "We have been open for 14 days and have only started marketing now. But the response has been fantastic; we reached our one-month target in the first 10 days."
US retail chain Walmart will replace three of the wholesale stores set up by French group Carrefour in India with its own, sources said.
Carrefour had in July announced it was exiting the India market. It has only a small team left in the country, to conclude the commercial and regulatory transactions. All senior officials, including the then India managing director, Jean-Noel Bironneau, have returned to France.
With annual global revenue of EUR100 billion (USD129.42b),
Chinese luxury footwear brand Stella Luna is looking to step out of their comfort zone and into more European markets. After seeing the success of their flagship Parisian store in the Saint-Germain district, three more stores are currently in the works.
Stella Luna has confirmed that two more flagships will open in Paris; one in September on Rue du Faubourg Saint Honoré, and a second near the Champs Élysées. Both locations are in popular shopping destinations and are expected to yield high-traffic and high-profile clientele.
With easing political tensions the past couple months, major retailers have resumed their business and marketing plans the rest of the year.
Siam Centre will introduce a new multi-fashion zone while Foodland Supermarket plans to open a new branch on Phetkasem Road and Robinson Department Store expects to add six new stores.
Thailand's Central Group expects its retail sales in the last four months of this year to outpace first-half performance with the interim government returning economic stability, which is increasing consumer spending.
Chief executive Tos Chirathivat sees strong signs of economic growth after sales and visitors jumped starting in July. Investors, tourists and consumers have been more confident since the 22 May coup, driving spending sentiment across the board, he said.
PT Courts Retail Indonesia, a subsidiary of Singaporean retailer Courts Asia Ltd., is looking to build 10 to 12 megastores in Indonesia over the next five years.
"We have set a schedule to build 10 to 12 megastores over the next five years, but only three or four of them will be established as "big-boxes". The remaining stores will be in malls," Courts Indonesia CEO Roy Santoso said on Friday.
Woolworths chief Grant O'Brien will turn his attention to the problem children of the retail empire, its loss-making Masters hardware joint venture and limping Big W chain, as he awaits a bounce in confidence that will prod consumers to open their wallets again and fill their shopping baskets.
Macy's has apparently set its sights on China in its ongoing efforts at international expansion.
Terry J. Lundgren, Macy's chairman and chief executive officer, has been eyeing China for a while, planning on either opening a Macy's department store or a series of specialty stores featuring popular in-house brands like Alfani, American Rag, Material Girl, Charter Club, and INC.
Gap has partnered with Arvind Lifestyle Brand Limited, a subsidiary of Arvind Limited, which is one of India’s largest textile companies, to expand its presence in India through franchise-operated Gap brand stores in 2015.
The first stores are expected to open in India’s two largest cities – Mumbai and Delhi – starting with Gap’s Summer 2015 collection for adults, kids and babies. The plan is to open about 40 franchise-operated Gap stores in India.