…tle over 12 months ago, Ted Baker has wasted no time following up with two stores in Shanghai and a concession in Beijing’s newly opened Galeries Lafayette department store. The British company, which got its start as a men’s shirt specialist in Glasgow 25 years ago, plans to eventually roll out 10 stores across tier-one, and perhaps some tier-two, cities. China’s property Internet portal SouFun launches mobile app SouFun Holdings Ltd. (SFUN.NYSE)…
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Was Anti-Graft Campaign the Real Reason Luxury Retail Struggled in 2013? Mingtiandi Survey Results
…gtiandi. Among the survey’s respondents, the major reason cited for retail store openings missing their targets in 2013 was “overly optimistic retailers” which was cited as the leading cause of the shortfall by 46.15 percent percent of respondents. Only 15.4 percent of the professionals responding to the poll saw cutbacks in luxury purchases due to the anti-corruption drive as the leading cause of the luxury sector’s struggles last year. The poll…
Fast-Fashion Continues to Rise Despite Ecommerce Onslaught
…on-prime centres is also expected to widen in China, with the market becomingly marked by its increasingly polarity. A report earlier this year by Knight Frank found that 65 percent of luxury retailers failed to reach their targets for new store openings in 2013. The slowdown for couture sellers has been in contrast to the success of mid-range fast fashion brands, such as Uniqlo, Zara, H&M and C&A, which increased their total store count by 40 per…
Mainland Shopping Goes Suburban as Outlet Malls Open
…rank, 65 percent of luxury retailers failed to reach their targets for new store openings in 2013, as consumer appetite for high end fashion proved to be more limited than was earlier anticipated. The slowdown for couture sellers was in contrast to the success of mid-range fast fashion brands, such as Uniqlo, Zara, H&M and C&A, which increased their total store count by 40 percent from mid-2012 to the end of last year. In addition to Value Retail,…
Shanghai’s Top Ten Shopping Destinations Revealed
…nue The biggest change in the rankings for June was No 1 Yaohan Department store, with the ten-storey Pudong destination slipping to fifth after standing second during May. Also on the charts were Wanda Plaza’s Yangpu district location at Wujiaochang, Hang Lung’s high-end leader — Plaza 66 in Jing An, Bailian’s Zhonghuan location in Putuo at number four, and its West Shopping Plaza in Changning at number six. Lower down in the rankings were Hang L…
Dalian Wanda to Close 120 Venues as Retail Business Struggles
…ared to 10.5 percent for offline retail as a whole. Moving From Department Stores to Finance and Ecommerce While the planned department store closings represent a major setback for one of Wanda’s existing business lines, the company has already come up with plans to try its hand at new areas. Speaking at a conference in Chengdu last week, Wang Jianlin unveiled a scheme to make Wanda into the world’s biggest tourism company. In an address to the co…
De Niro, Scorcese and Mariah Carey Stop by Macau to Open Studio City Complex
…cally positioned to capture the vast retail opportunity of Macau’s preeminent leisure and tourism market,” Tremblay added. For gamers looking for a way to spend their winnings, the Boulevard at Studio City will include Macau’s first Balmain store, as well as the island’s first Belstaff boutique. Other brands opening up in the centre, which is owned through a joint venture between Melco Crown and Taubman Asia, are Bulgari, Dunhill, Emporio Armani,…
Future Land Shares Plunge as Chairman Probed and More China Real Estate Headlines 2015-01-26
…ne market under the leadership of Angela Ahrendts, senior VP of retail and online stores at Apple. Read more>> Dalian Wanda Acquisition Spree Begins to Hit Its Credit Rating U.S. ratings agency Standard & Poor’s cut its long-term credit outlook on Chinese major property firm Dalian Wanda Commercial Properties to “negative” on Friday. The Hong Kong-listed company is a real estate arm of Chinese conglomerate Dalian Wanda Group, led by China’s riches…
Five Bidders Compete for $129Mil HK Home and More China Real Estate Headlines 2016-02-21
…ce’s Building, in Central, a move suggesting it plans to sell its flagship store at The Galleria at 9 Queen’s Road Central amid sluggish sales of luxury goods. Hermes Asia Pacific told the South China Morning Post on Wednesday it had “just signed a contract with Hongkong Land for relocation of the brand’s flagship store in Prince’s Building”. Read more>> Greenland Group to Pay $148M to Buy Mainland Construction Firm Chinese developer Greenland Hol…
Flash Flood Wipes Out China Mall in Latest Retail Setback
…through a mall in the city of Jinan, washing away merchandise and turning store aisles into whitewater rapids. The Ginza shopping centre in the capital of China’s Shandong province was hit by a wall of water caused by the seasonal “plum rains” that usually come to the eastern part of the country in early summer. What wasn’t usual this year was a spate of bad weather that saw killer storms strike from Guangdong in the south up through Tianjin in t…
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