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  • Dec 19, 2014
  • Updated: 12:00am

Fashion Retailer

The great race for China's online fashion market

A MasterCard survey last year found that Chinese internet users shop online the most.

While the US has the largest and most established e-commerce market in the world, it's no secret that Asia and, specifically, China, is catching up fast.

Monday, 17 June, 2013, 10:23am

Retailers sign up to accord on Bangladesh factory standards

Rescuers carry the body of a victim retrieved from the rubble of the site of a garment factory that collapsed in Savar, near Dhaka. Photo: AP

Labour umbrella groups Industrial Global Union and UNI Global Union yesterday praised top retailers for joining their drive to make Bangladesh's garment factories safer, after 1,127 people died in a factory collapse last month.

17 May 2013 - 2:10am

Wal-Mart takes own path on factory safety

Activists are sceptical over Wal-Mart's factory safety moves.

Wal-Mart Stores, the American chain that is the world's largest retailer, said it would not accept "at this time" an agreement to improve fire and building safety in Bangladesh that is supported by labour monitoring groups and signed by several other retailers this week.

16 May 2013 - 2:45am 1 comment

Esprit shares fall sharply in Hong Kong after broker downgrades

Esprit is halfway through an HK$18 billion transformation programme aimed at reviving its fortunes. Photo: Bloomberg

The shares fell as much as 7.3 per cent in the morning before closing at HK$10.38, down 4.8 per cent on a day when the Hang Seng Index rose 0.86 per cent.

9 May 2013 - 4:39am

More fast-fashion chains move into Shenzhen shopping centres

Luxury shopping malls in Shenzhen provide environments just as attractive as those in Hong Kong for the mainland wealthy. Photo: AFP

The flow of shoppers from Shenzhen to Hong Kong is slowing as more international fast-fashion chains open for business in the border city.

17 Apr 2013 - 5:31am

Boutique owner Gary Wong is tailor-made for tough fashion market

Gary Wong styles himself as a practical and fashion-forward middleman, bringing unique foreign brands to China's closets. Photo: Simon Song

Hong Kong fashion buyer Gary Wong opened his first boutique, Shine, in Beijing eight years ago, selling high-end foreign designer brands like Y's, Undercover, Comme des Garcons and Neil Barrett. The 35-year-old has since expanded to Shanghai, Hangzhou, Shenyang and Guangzhou as mainland consumers' thirst for fashion grows. 

31 Mar 2013 - 7:12am

Marc Jacobs aims to make China its biggest foreign market

Bags of ambition: Bertrand Stalla-Bourdillon, chief executive of Marc Jacobs, at an exhibition of the company's wares in Central.

The American luxury fashion label Marc Jacobs plans to triple its marketing budget on the mainland and add more stores, in order to make China its biggest foreign market.

14 Mar 2013 - 4:35pm

Low value lifts Coach takeover odds

Coach's handbags and shoes are being offered to buyers at one of the biggest bargains among luxury brands. Photo: Reuters

Shares of Coach have lost 17 per cent since faster-growing rival Michael Kors went public in 2011 and began an almost threefold rally. Even though Coach has the widest profit margins among peers, the US$14 billion company is trading for only 13.6 times earnings, lower than 96 per cent of similar-sized rivals.

7 Mar 2013 - 6:12am

Esprit's bottom line sags despite restructuring

Esprit chief Jose Manuel Martinez Gutierrez, left, and executive director Thomas Tang, see a softening in the firm's decline. Photo: Paul Yeung

Jose Manuel Martinez Gutierrez, the new chief executive of Esprit, said he was fine-tuning a HK$18 billion restructuring plan introduced two years ago.

28 Feb 2013 - 4:48am

Mainland Chinese tourists help push up sales at Prada

Prada added 78 stores to its retail network last year, helping drive group revenue. Photo: Bloomberg

In a filing to the Hong Kong exchange on Tuesday, the luxury leather goods maker reported a 23 per cent increase in sales last year at constant exchange rates. Sales in Europe excluding Italy were up 33 per cent at constant exchange rates, while sales in the Asia-Pacific rose 23 per cent. Growth in Italy was 19 per cent, in North America 15 per cent and in Japan 8 per cent.

20 Feb 2013 - 3:35am

China 'will be H&M's top market', says CEO Persson

H&M chief executive Karl-Johan Persson is looking to open outlets in India and South America as European demand struggles. Photo: AP

China's economy is "growing rapidly", Persson said, though he declined to give a time frame for when the country will be the Swedish company's top market. Persson also said H&M would consider opening outlets in India, Brazil, Colombia, and Argentina, as European demand struggles to recover.

 

1 Feb 2013 - 5:22am

Handbag IPO fails to carry its price

How much for some thinly traded secondary shares? Photo: Jonathan Wong

Second-hand luxury handbag retailer Milan Station made headlines last week as it warned of an expected loss this year, which it said was to be blamed on continued slow demand for luxury goods.

The news underscores the downfall seen since its initial public offering in May last year.

5 Nov 2012 - 3:25am

Giordano sales fall 5pc as consumer demand weakens

Warm weather has delayed the sales of new products. Photo: May Tse

Casual wear chain Giordano International reported a 5 per cent decline in sales for the third quarter as the weak economy and late arrival of cold weather weighed on consumer spending. Giordano shares fell more than 2 per cent yesterday afternoon after the company released the results. They closed at HK$6.44, down 0.92 per cent, while the benchmark Hang Seng Index gained 1 per cent.

1 Nov 2012 - 4:48am

Fund raising bid by Esprit gets a cool reception

The stores are undergoing a change of image.

Esprit Holdings fell nearly 17 per cent to a two-month low yesterday, reflecting investor concern about the company's financial situation.

25 Oct 2012 - 5:07am

Esprit recovery still years away: analysts

An Esprit store in Causeway Bay. The once dominant Hong Kong fashion retailer faces stiff competition in the market. Photo: Jonathan Wong

Esprit Holdings, which is stepping up spending on its revamp plans, is expected to see an improvement in sales this year, but earnings recovery is still years away, analysts said.

24 Oct 2012 - 4:01am

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