According to reports, Fast Fashion UNIQLO's parent company Fast Retailing is moving its production from China to Southeast Asia, where wages are low. On March 30, the list of newly-opened Uniqlo's main cooperative sewing factories showed that the number of factories in Vietnam increased by 40% compared with that when it was opened in February 2017, and the number of factories in Indonesia and other places increased slightly.
Uniqlo production is further moved to Southeast Asia, China's cost advantage is not
Although the production system centered on China has not changed, the proportion of production in Southeast Asia is likely to increase in the future. According to the statistics of the Japan External Trade Organization, Vietnam’s monthly wage is only about half of that of China, and the sewing ability of workers has remained stable. Fast Retailing seems to position it as the main producer after China.
Victoria Beckham's loss of £8.5 million last year will lay off 60 people
According to the latest news from foreign media, Neo Investment Partners, a new investor in British designer brand Victoria Beckham, decided to lay off 60 people after a strategic evaluation of the brand business, about one-third of the total number of brand employees. According to the data, Victoria Beckham recorded a loss of 8.5 million pounds last year, and sales fell 1.6% year-on-year to 363 million pounds. Some analysts pointed out that the brand urgently needs to adjust its business model and strategy.
It is worth noting that Victoria Beckham's current chairman is Ralph Toledano, who has the dual status of the French Women's Wear Association and the French Fashion Designers Association, and served as CEO at Chloé. Ralph Toledano said that Victoria Beckham will expand globally, especially in the Asian market, and will increase its investment in digitalization to help the brand transform into a modern luxury goods group.
Michael Kors competes with Nike and adidas for market share
Michael Kors, the US luxury brand, announced that it will sponsor the professional golfer Charl Schwartzel to test the water golf market. Charl Schwartzel will be the brand's first golf ambassador and help Michael Kors expand sportswear products. John D. Idol, Chairman and CEO of Michael Kors, said that although the brand has launched a shooting sports suit, but has not launched a golf category before, this collaboration with Charl Schwartzel marks the brand will be with Nike, adidas and Under Armour. Wait for competitors to compete for the golf market share.
China Fast Fashion UR will accelerate the goal of digital transformation, with annual revenue of 10 billion in 3 years
Urban Revivo recently announced that it has entered into a strategic partnership with the company's PLM software, and hopes to leverage its PLM solution to enable its digital transformation to support its product development and sales planning infrastructure. Urban Revivo CIO Zhang Xiaohai said that the introduction of the SECON PLM system will help the brand to better improve and manage the men's and women's clothing, children's wear and accessories department, in order to achieve the goal of 10 billion yuan in revenue by 2021.
Joy City was purchased by COFCO for nearly 15 billion
COFCO Real Estate Co., Ltd. announced that it intends to purchase the shares of Joy City Real Estate Co., Ltd. at a price of approximately RMB 14.756 billion, accounting for 64.18% of the total number of issued ordinary shares of Joy City Real Estate. Upon completion of the transaction, Joy City Real Estate will become a holding subsidiary of COFCO Real Estate. Joy City Real Estate currently focuses on the commercial real estate sector by developing, operating and managing the Joy City branded urban complex as its main business direction.
US retail industry depressed shopping center vacancy rate hit a six-year high
According to a recent survey of 77 major cities and surrounding areas by real estate data company Reis Inc., the vacancy rate of large shopping malls in the United States rose to 8.4% in the first quarter of 2018, the highest level since the fourth quarter of 2012. At the same time, as of March 31, 41% of the 77 districts had increased vacancy rates in community shopping centers. The report pointed out that physical shopping malls and shopping malls continue to be adversely affected by changes in consumer spending patterns, especially online retail usage. Many department stores and other retailers that have traditionally been the backbone of shopping districts are shrinking or have closed down.
Hudson's Bay's department store was attacked by 5 million credit card data or stolen
Canadian retail giant Hudson's Bay confirmed on Sunday that its high-end department stores Saks and Lord & Taylor were attacked by hacker Joker Stash, and about 5 million credit card data could be stolen. The company did not disclose how many users were affected by the data breach. Dmitry Chorine, chief technology officer of New York-based network security company Gemini Advisory, said that JokerStash has released about 125,000 credit card information so far, 75% of which seems to come from credit cards of Saks and Lord & Taylor consumers.
David's Bridal, the largest wedding dress retailer in the US, is in trouble
According to the news, David's Bridal is currently in contact with investment bank Evercore Inc., plans to hire Evercore Inc. as a restructuring consultant to reduce its debt of more than 1 billion US dollars, after the US wedding brand Alfred Angelo filed a bankruptcy application last July. The second big troubled wedding retailer. According to the statistics of the global wedding industry research institute The Wedding Report, Inc., the United States is one of the major markets in the global wedding dress market. In 2017, the total consumption of wedding dresses in the United States reached US$2.5 billion.
The number of visitors to the Basel International Watch Fair declined in 2018.
The Basel International Watch and Jewellery Exhibition in Switzerland was held from March 22 to 27. According to the latest data released by the exhibition, the number of visitors this year was 106,000, a decrease of 500 compared with the same period of last year. The number of participating brands fell by nearly 50% year-on-year. % decreased from 1,300 in the same period last year to 700. The brands and companies that were absent this time include Hermès, Girard-Perregaux, Ulysse Nardin and Movado Group. These companies believe that the Basel International Watch and Jewellery Show has been slightly outdated today in the rapid development of digitalization.
Condé Nast Group Denies Acquisition of Marie Claire
Xavier Romatet, vice president of fashion publishing giant Condé Nast, said recently that the group had ended its acquisition of Marie Claire magazine last month and has not participated in any of the magazine's projects. "Marie Claire" was founded in France in 1937. There are more than 24 versions in the world. In 2002, the Chinese version of "Marie Claire" was published. Due to the decline in advertising revenue, "Marie Claire" has become the hot potato of Hearst China. .
Supermodel Naomi Campbell urges Vogue to release the African version
Supermodel Naomi Campbell said in an interview with Reuters in Nigeria's first fashion week in Lagos that the fashion magazine "Vogue" should launch an African version in recognition of Africa's contribution to the global fashion industry. She said that many fabrics and patterns in Africa are widely used in fashion circles, but people in Africa have no access to relevant fashion information, which is very unfair. As of now, the "Vogue" parent company Condé Nast Group has not commented on this.
Commes des Garçons will launch the new brand and will be officially launched in July.
Commes des Garçons, a Japanese multi-brand group, said recently that it will launch a new brand online in July. After the official launch, the men's and women's collections will be sold in six stores worldwide. Group Director and CEO Adrian Joffe said at the opening ceremony of the first Denver Street market held in Sanlitun, Beijing last week that the upcoming new brand will become the eighteenth brand of Commes des Garçons, which currently includes Noir, Homme, Plus, Shirt and Play brands.
Luxury footwear brand Aquazzura will launch men's shoes
Aquazzura founder Edgardo Osorio recently revealed that he will launch a new men's footwear collection in the next 18 months, 50% of which will be sports shoes. Aquazzura was founded in 2011. Edgardo Osorio combines Latin sexy and American casual Italian fashion. It is popular among celebrities, including Gigi Hadid, Lady Gaga and Emma Stone.
Chanel will open the game theme makeup flash shop in Shanghai K11
According to the news, the French luxury brand Chanel's arcade game hall theme makeup flash shop will debut in Shanghai K11 shopping center from April 14 to 23, compared to the similar stores opened in Tokyo, the Chinese version will add Coco cafe. Chanel has recently tried the flash shop mode frequently, before opening Chanel Beauty House and Coco cafe to attract young consumers.
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