…e venue had hosted Du Juan and other celebrities in its early days The two-storey L’Avenue shop had originally opened in 2013 and shortly thereafter was the site of an “Art of the Trench” event led by Burberry spokesperson Cara Delevingne. The company reportedly flew in more than 450 guests, including Bolin Chen, Denise Ho and Du Juan, for the social affair celebrating the company’s famous outerwear. Burberry’s website still lists Shanghai locatio…
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LV to Close Store in Hong Kong’s Causeway Bay Amid Collapsing Sales
…ong by lowering its cost base, particularly its rental costs. With another store just 300 metres away in Hysan’s Lee Garden One tower, the French brand has eight stores all together across the city, and has indicated that it plans to open a ninth at Hong Kong International Airport. LV Joins Prada In Choosing Not to Renew The company’s decision to close up shop in Times Square comes five months after rival Prada announced in August that it would no…
Gap Shuts Central Store as It Closes Up Shop in Hong Kong
…and cities visit outside of organised tour groups. “We are set to see more stores focusing on customer experience and daily necessities,” Wan said. Exodus Leaves Empty Storefronts Gap is among a growing number of global fashion brands that are rethinking Hong Kong as retailers struggle to adjust to e-commerce realities and Hong Kong’s combination of high costs and a slowing economy add to the city’s challenges. Clothing sales in Asia’s priciest ci…
The Millennial Force: Changing the Workplace and its Culture Sponsored Feature
…s. Website: https://www.justcoglobal.com/th Facebook: https://www.facebook.com/JustCoGlobal/ LinkedIn: https://sg.linkedin.com/company/justco Instagram: https://www.instagram.com/justcoglobal YouTube: https://www.youtube.com/channel/UC9AoNevgy2yDXLyyVs3jVbw…
Alibaba Invests HK$1.86B in E-House to Launch Online Real Estate Platform
…ase. ”In the process of collaborating with E-House and Alibaba to build an online real estate marketing and transaction platform, Leju will leverage its experience in online marketing and transaction service and become the service provider for digital marketing and operation on the platform,” he added. Zhou also said that he expects the joint effort with Alibaba to improve Leju’s competitiveness, with the site have long ranked as an also-ran among…
Mango Halts China Store Openings and More Asia Real Estate Headlines
…lothing, planning to expand its retail presence in China by opening 16 new stores. In light of the current prospects for physical retail, and the growing influence of the e-tail channel, Mango has decided to revise its expansion plans in China. Mango has confirmed that it intends to prioritise boosting its e-tail channel on the mainland as opposed to the physical store network. The Barcelona-based label already operates its own e-tail site in Chin…
Wanda Whiffs on $3B Ecommerce JV with Tencent and Baidu
…al network was aimed at finally challenging Alibaba’s dominance of China’s online shopping field. However, it took the three heavyweights around eight months to have a website online for testing purposes, and even then the platform had only limited merchandise available, with most listings on the site promoting restaurants at Wang’s Wanda Plaza shopping centres. Even now the platform, which once promised that for consumers who “see a lady wearing…
Grand Ocean Department Store Chain Is Expected To List On June 6 – and more of Today’s China Real Estate Links | May 28, 2012
…state news collected from around the web: Grand Ocean, A Taiwan Department Store Chain In China, Is Expected To List In Taipei On June 6 Grand Ocean Retail Group, one of the largest Taiwan-backed department store chains in the mainland, is expected to list its shares at the Taiwan Stock Exchange on June 6, industry executives said. Prior to its IPO, the company’s main shareholder with a 52% stake is First Steamship, a Taiwan-listed shipping compan…
H&M Driven Out of HK Flagship Store as Rent Doubles — Is This China’s Retail Future?
H&M reports that it is closing its downtown Hong Kong flagship store in the face of a 100% increase in rent since it moved in five years ago. As the Wall Street Journal documented this week, the Swedish fast-fashion giant’s 3,000 sqm store will close in fall 2013 due to the rent increase. While the price of the downtown location proved too rich for H&M, however, the company’s rival Zara, was quick to lease the space for approximately US$1.4 milli…
China’s Latest Apple Store to Open in Beijing on Friday – China Real Estate Links 2014-01-07
…trict of Beijing, approximately two miles from the existing Sanlitun Apple Store in Beijing. The China Central Mall is an upscale shopping center with more than 70 shops and restaurants, including stores like Gucci, Prada, and Chanel. It’s also flanked by two major hotels, the Ritz-Carlton and the JW Marriot Hotel. Read more>> Lawyer Sues China Developers Over Unpaid Taxes Another lawyer has joined an ongoing fight against China Vanke Co, the coun…
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