Tag Archives: fashion retail

H&M breaks silence on $4.3-billion unsold inventories


(Source: Philstar.com | April 12, 2018) The March 27 New York Times story titled, “H&M, a Fashion Giant, Has a Problem: $4.3 Billion in Unsold Clothes,” sent shock waves across an industry still reeling from a “retail apocalypse,” when one known fashion label after another is filing for bankruptcy. In response to the New York Times article, the Philippine office ...

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Nine West collapses under massive debts

Nine West

(Source: Inside Retail Asia | April 10, 2018) Women’s shoe retailer Nine West, saddled with billions of dollars of debt, has filed for Chapter 11 bankruptcy in New York. There are widespread reports the brand will be bought by Authentic Brands, which last month bought Nautica, adding to a portfolio including Juicy Couture. Nine West also owns the Bandolino shoe brand, ...

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Downhill slide for Bossini International


(Source: Inside Retail Asia | September 22, 2017) “Severe” competition in core markets and continuing weak consumer sentiment have shredded profits for apparel company Bossini International Holdings for its fiscal year to the end of June. It was hit hardest at home in Hong Kong, where despite more positive business sentiment the its retail business continued to languish. Strong growth ...

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Uniqlo Singapore introduces Click & Collect


(Source: Inside Retail Asia | August 28, 2017) Uniqlo Singapore has launched the casualwear brand’s Click & Collect service, allowing shoppers to pick up their online purchases at any of its Singapore stores. Customers can choose from the Japanese brand’s full line-up of products, including extra sizes, on its online store. They can then opt to pick up their purchase ...

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Bench returns to New York Fashion Week–where no local brand has gone

07-18 Bench returns to New York Fashion Week–where no local brand has gone

(Source: Inquirer.net | July 14, 2017) Celebrating its third decade in fashion retail industry this year, Bench takes on the world as it continues to bring local talent and design to the global stage. On July 13, Bench Body, led by the brand’s head Ben Chan, returned to New York Fashion Week: Men’s to present its latest collection on its ...

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Why S Maison is the new style destination

07-09 Why S Maison is the new style destination

(Source: Inquirer.net | July 7, 2017) The grand opening of the upscale S Maison mall at Conrad Manila was a virtual feast for the senses. The lifestyle destination has been open for more than a year now, but had an official launch only last June. S Maison sits inside The SM group’s newest luxury hotel, Conrad Manila, which has been ...

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UNIQLO brings LifeWear to Filipinos

(Source: Philippine Star | July 5, 2017) 2017 marks UNIQLO’s fifth anniversary in the Philippines, and in five short years, the brand has gone from retail newcomer to basically everybody’s everyday apparel. The attraction to the brand was simple: Everybody enjoyed shopping at UNIQLO because it didn’t require too much fuss, nor was its clothing limited to on-trend dressers. Set ...

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Fresh Abercrombie & Fitch concept for Harbour City

07-04 Fresh Abercrombie

(Source: Inside Retail Asia | June 30, 2017) Upscale American casualwear retailer Abercrombie & Fitch will re-enter the Hong Kong market within the next six months with a fresh concept store It will be Abercrombie & Fitch’s first overseas outing for its new retail concept, which is boutique in style. It will be modelled after the prototype, launched at the ...

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H&M sales up by 9 percent for first half


(Source: Inside Retail Asia | June 30, 2017) H&M sales, including VAT, grew by 9 percent to SEK113.907 billion (US$13.4 billion) for its first half. Sales excluding VAT for the Swedish fashion group amounted to SEK98.368 billion, while profit after tax amounted to SEK8.354 billion. For the second quarter, sales including VAT increased by 10 percent to SEK59.538 billion, or ...

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Retail giant Uniqlo opens shop in Subic Freeport


(Source: Business Mirror | June 22, 2017) Global Japanese specialty retailer Uniqlo opened its newest store in Subic Freeport on June 16, bringing its various lines of quality clothing to customers from Olongapo City and the nearby provinces of Zambales and Bataan. The Uniqlo store, located at the ground floor of the Ayala Harbor Point Mall, covered almost a block ...

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