French fashion brand Isabel Marant and Hong Kong-based distributor ImagineX Group said on Thursday that they have established an exclusive strategic partnership to expand the Isabel Marant brands in Greater China. Together they will develop Isabel Marant brand as well as its second line, Isabel Marant Étoile, to reach a dozen of points of sale over the next five years.
The first free-standing Isabel Marant boutique will be launched in Hong Kong at On Lan Street in July 2015. They plan to open more stores in Hong Kong, Beijing, Shanghai, and Macau.
Investments by airlines and airports in automated technology that helps passengers check-in, drop their bags and pass through security and immigration queues more quickly should pay off for airports in the form of higher retail spending, according to aviation technology group SITA.
SITA president of Asia-Pacific Ilya Gutlin said relaxed passengers were more open to shopping than those that had been stressed out before reaching the airport terminal.
Indian footwear and apparel company Woodland is planning to expand its retail network in the as a plan to double the store count to 1000 in the next five years. Woodland will invest INR500 crore for this expansion and has also set a target of INR2500 crore (INR25 billion, USD404.2 million) revenue by 2020 from 1300 crore in 2014-15.
A severe shortage of attractive malls has made setting up shop in India easier said than done, crimping expansion plans for both foreign retailers such as Lacoste and domestic giants like department store chain Shoppers Stop.
India's searing heat, heavy traffic and cluttered pavements make malls the most popular option for urban middle class consumers looking for a day out. But many centres – despite having been built in the last decade – are struggling to draw shoppers or retailers because of poor design or because they are difficult to manage.
Chinese consumers – famous for their appetite for designer bags and gold-plated iPhone cases – are now shying away from flashy logos and displays of wealth as a government austerity campaign shames officials who buy them. But many Chinese appear to be flaunting their wealth under their clothes.
Dick Smith says Australian retail is starting a sunny period, as seven years of deflation in consumer electronics is replaced by price rises.
Price increases to reflect higher import prices will start to flow through now, said Dick Smith managing director and chief executive, Nick Abboud.
The company aims to have 400 stores open in Australia and New Zealand by the end of June, and 450 stores by 2017. It is also focused on increasing private-label and online sales, and ramming home that its prices are competitive.
David Jones has brushed off suggestions it will head downmarket under its new owners, and says it aims to build more boutique stores amid continued economic uncertainty.
Chief executive Iain Nairn, who was appointed in August after the AUD2.1 billion takeover of David Jones by South African retailer Woolworths Holdings, said its tracking of about AUD30 billion in retail spending showed "significant" growth in year-on-year spending.
David Jones's new South African owners plan to double spending on stores, visual merchandising and systems – outlaying between AUD300 million (USD232.4m) and AUD400 million over the next five years – in an attempt to reverse years of underinvestment and transform the 177-year-old retailer into the best department store in the southern hemisphere.
"Historically David Jones was the iconic brand in the southern hemisphere but it kind of lost its way over the last few years," new chief executive Iain Nairn said.
US-owned 24-hour convenience store Circle K has opened its 100th outlet in Vietnam and expects to have 150 by the year's end.
Vietnam CEO Tony Yan was optimistic about achieving the target, saying Vietnam's modern retail industry was in the initial development phase.
While modern retail represented only 13 percent of the total market share in the country compared to 50 percent elsewhere in Asia, Vietnam was a promising market of 90 million people with rising incomes, he said.
Aeon (Thailand) Co, the operator of MaxValu supermarkets, has announced plans to speed up expansion in Thailand by increasing its number of stores to 500 by 2020.
The company, which now operates 76 outlets in supermarket and mini-supermarket formats, is expected to open 15 more outlets this year.
General manager Keiji Ono said Aeon would spend THB300-400 million (USD9.2m-USD12.3m) to add new stores and modernise some outlets.