Galleria Archives - Inside Retail Asia
A Hong Kong property windfall and the Hermes Asia business helped the luxury label set a record profit margin during the first half of this year.
Hermes Asia sales grew 11.3 per cent last year toUS$2.4 billion as the luxury retailer set a new record for gross retail margin.
US fashion brand 3.1 Phillip Lim is opening stores in Seoul via Handsome, the apparel unit of Hyundai Department Store.
Through subsidiary CapitaLand Mall Asia, CapitaLand is accelerating its retail expansion in China via management partnerships.
Emilio Pucci has opened in Seoul its first store in South Korea, in Seoul.
South Korean department stores are tipped to chalk up sales of more than 30 trillion won (US$25.6 billion) for the first time this year.
Samsung C&T Fashion Group’s womenswear designer brand Kuho will launch in the US market next spring.
South Korean credit card Shinhan has introduced a service that offers a 10 per cent discount at franchise outlets.
Ski and sportswear brand, Spyder has launched in South Korea with an all-new product line available in freestanding stores and shop-in-shops.
Online fashion retailer Winser London is expanding outside the UK just a year after its launch. The retailer, founded by former Marks & Spencer director Kim Winser, has teamed up with South Korean department store Galleria to take advantage of the fashion-conscious consumers in the country. “The Korean market is trading extremely well,” said Winser. “Like-for-like sales in single-brand stores there are seeing growth of six per cent-seven per cent, while multi-brand stores are see…
Hong Kong-based DFS Group plans to open its first European store in 2016. The luxury travel retailer, majority owned by the world’s largest luxury conglomerate Moët Hennessy Louis Vuitton (LVMH), is currently seeking prime locations in countries including Switzerland, Italy and France. The company says the European stores are aimed at Chinese consumers frequently travelling to the continent. According to shopping tourism company Global Blue, the overseas tax free shopping by Chinese re…