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Fashion. SMCP fuelled by Asian growth
SMCP, parent of contemporary French labels Sandro, Maje, Claudie Pierlot and its new men’s business De Fursac (acquired in September 2019) and controlled by Chinese textile conglomerate Ruyi...
18 February 2020
Tesco sale in Asia pushes Thai conglomerates into the spotlight
As Tesco seeks a buyer in Asia for 1,967 stores in Thailand and 74 stores in Malaysia, with the Tesco Lotus brand being valued at US$9 billion, the power of family controls, anti-competition and...
18 February 2020
Hong Kong. Commercial leases under threat from protest unrest
As the protest movement in Hong Kong entered its eighth month in January 2020, high-end property owners and retailers continue to suffer collateral damage and are taking measures. In November...
18 February 2020
Ikea bets on e-commerce in India
As part of its strategy to meet its customer at their point of convenience, wherever and whenever possible, Swedish home furniture retailer Ikea has launched an online retail business in Pune. It...
18 February 2020
Vietnam personal care sector boats growth potential
A recent Kantar Worldpanel study revealed the Vietnamese personal care sector registered growth of 7% a year on average (2018 vs 2017). This is higher than the F.M.C.G. market (+2.3%). Growth was...
18 February 2020
India’s textile and clothing exports bode well
According to Invest India, a national investment promotion and facilitation agency, India’s textile and clothing exports are expected to reach US$300 billion by 2024-25. This will calculate...
18 February 2020
LVMH brings Tiffany & Co. to India
While retail growth in China slows, India is already expected among the world’s top-five retail markets by 2021, with retail sales estimated up to US$1.2 trillion by next year (Deloitte...
18 February 2020
India. Walmart wants to marry wholesale and e-commerce
Walmart (sales of US$514.4 billion in the financial year to January 2019) has now become India’s leading retailer. It manages 25 wholesale stores (Best Price Modern Wholesale brand)...
18 February 2020
Bose focuses on omnichannel sales
Electronics retailer Bose (sales of US$4 billion in the year to March 2019 via 249 fully-own stores) announces a focus on its e-commerce offer and the closure of more than 100 stores. The stores...
18 February 2020
Furniture. Pier 1 Imports near bankruptcy.
Pier 1 Imports, Texas-based home decor and furniture retailer (net sales of US$1.6 billion in the fiscal year to March 2019, a fall of 14% year-on-year) announced a potential closure program for...
18 February 2020
Home appliance. How Magazine Luiza became an omnichannel leader?
As Walmart does with ambition in the U.S., Brazil too has its pioneer in unified retail. It is the electronics and home appliance retailer Magazine Luiza (turnover of US$1.7 billion in Q3 2019, up...
18 February 2020
Vans opens a skateboarding-themed store
Having added a new skate park in Brooklyn to its portfolio (with free access), the footwear brand Vans (part of VF Corp.) opened a new flagship in Los Angeles in February. In the center of Los...
18 February 2020
Canada Goose, The Concept of the Month
In December 2019, Canada Goose, which operates 11 company-owned stores across the world, unveiled “The Journey”, an innovative retail concept located in the “CF Sherway...
18 February 2020
Furniture. Why Casper’s I.P.O. might be slippery?
In the beginning of January, the direct-to-consumer mattress brand Casper, proclaimed “pioneer of the sleep economy” applied to list common stock on the New York Stock Exchange. In a...
18 February 2020
Are there too many malls in Dubai?
According to Patrick Chalhoub, C.E.O of the eponymous luxury group, Dubai has been “over retailed” due to the surge in mall openings in the boom years 2013-2015. “The supply has...
18 February 2020
Birkenstock launches new store format in Dubai Mall
The German footwear retailer Birkenstock reopened a store in the Dubai Mall (80 million visitors per year) in late January 2020. Operated by local partner Apparel Group (which runs 1,750 stores of...
18 February 2020
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