- Vivian Hendriksz |
Three international fashion brands have signed leases for retail units at intu's Lakeside shopping centre.
British lifestyle brand Cath Kidston has opened a new store at the shopping centre in the run-up to Christmas. The new retails spans 1,492 square feet and offers the lifestyle brands range of homeware and apparel for women and children.
"Cath Kidston’s expansion in its home market forms a key part of our current strategy and we’re incredibly excited to be opening our new store in one of the UK’s key retail destinations in time for the Christmas trading period," commented Sue Carvell, commercial director at Cath Kidston.
In addition to the new Cath Kidston store, Italian hosiery retailer Calzedonia and lingerie brand Intimissimi are set to open new 1,606 square feet stores at Lakeside next summer ahead of the launch of the shopping centre's leisure extension set to take place at the end of 2018.
"Cath Kidston, Calzedonia and Intimissimi are the latest top brands to select intu Lakeside as the right destination from which to attract a high proportion of female and affluent customers from across the south-east," said Rebecca Ryman, regional managing director at intu.
"We’re strengthening intu Lakeside’s quality shopping experience with a number of exciting brands signing up for new or extra space, and the opening of intu Lakeside’s complementary leisure offer next year will provide more places for shoppers to dine and play as part of their visit with us."
The fashion retailers join a number of high-end labels already present at the shopping centre, including Hugo Boss, Victoria's Secret and Mac as Lakeside aims to expand its retail offering by creating 175,000 square feet of space for new leisure brands such as Nickelodeon and Hollywood Bowl.
Photos: Courtesy of intu
- Simone Preuss |
What started as a modest marketing event with just 27 participating merchants, has become one of the world's biggest sales events in just nine years. This is Singles Day of course, invented by Chinese online giant Alibaba and since renamed “Global Shopping Festival“, which broke all records this year for Alibaba with a gross merchandise volume of 25.38 billion US dollars.
This year, 140,000 brands and merchants participated in the 24-hour shopping frenzy; as many as never before, and 60,000 of them were international ones. How could a newly invented commercial holiday become so far-reaching and a global phenomenon that is even bigger than Black Friday and Cyber Monday together, that too in less than ten years? FashionUnited has retraced the most important developments.
Anti-Valentine's Day becomes worldwide biggest commercial success
The inofficial holiday has been celebrated in China since the early '90s when students started using it as kind of alternative Valentine's Day, celebrating (or changing) their single status in karaoke bars and restaurants. Gift giving was involved as well. Those establishments soon realised the day's commercial potential and started supporting it, helped by China's online explosion and its burgeoning, upwardly mobile middle class, which had more disposable income than previous generations.
In addition, consumers were being bombarded with advertising that was getting increasingly sophisticated and lured shoppers with discounts that were increasingly hard to resist. Alibaba recognised the enormous commercial potential of the inofficial holiday and turned it into a shopping event that was boosted on its platforms Taobao and Tmall.
E-commerce and m-commerce carried Singles Day
In a culture that values exchanging gifts, especially with friends, family and colleagues, Singles Day and Alibaba's platforms lured Chinese consumers into buying gifts for themselves. This strategy proved so successful for Alibaba that soon, other online retailers joined in, thus supporting Singles Day. Because of the deep discounts, many singles started waiting for 11th November to buy their annual supply of durable goods like creams, toothpaste and soap. This aided Alibaba's success and contributed to the online giant achieving a gross merchandise value of 5.8 billion US dollars already in 2013, only four years after starting the commercial holiday. Last year, Alibaba sold three times as much, achieving 17,8 billion US dollars.
Another reason why Chinese consumers have been receptible for Singles Day is that they had been used to other holidays being turned into commercial events, for example Chinese New Year in the spring and the national holiday on 1st October (comparable to Christmas, Easter, Thanksgiving and Halloween in the West), which have been turned into „golden weeks“ - week-long commercial festivals for traditional and online retailers. Thus, the concept of Singles Day fell on fertile ground and as its slogan „Happy double 11“ shows, is celebrated more like a (virtual) holiday than a mere shopping event.
Another factor that fueled Singles Day growth is the e-commerce boom, which allowed Chinese consumers outside of big cities and away from malls, shops and good infrastructure to take part as well. This is true for the population in highly congested areas as well: People prefer to shop from the comfort of their own homes rather than braving traffic and pollution. Many of them did not even invest in a computer but shopped via their smartphones directly - a trend that persists till today: 90 percent of all transactions were made via mobile phones during this year's Singles Day.
Singles Day sales are going up, up, up
There is also an advantage that Chinese consumers had from the start: Participating online retailers realised the importance of their platform being as easy to navigate and customer friendly as possible, so that from the beginning, they invested in a functional shopping environment that appealed to their target group and enabled them to reach international brands as well.
In view of the fact that China's middle class will reach more than 300 million people in the next ten years - more than anywhere in the world, except India - the online shopping trend will increase, as will Singles Day sales. And this is an attractive proposition for international brands and retailers who want to reach such a large audience. The numbers reflect this interest: While in 2009, just 27 Chinese merchants took part in Singles Day via Alibaba's platforms, in 2015 there were 5,000 international brands from 25 countries alone; a number that increased twelve-fold in 2017 to 60,000.
- Vivian Hendriksz |
London - Shopping in New York is often considered as a luxury extravagance not everyone can afford, but that should come as no surprise as it is it also home the most expensive shopping street in the world - at least when it comes to retail space.
The Upper End of 5th Avenue in New York is the world's most expensive retail location in the world and has consistently been ranked as the priciest shopping street in Cushman & Wakefield's annual report Main Streets Across The World . The prestigious retailers located between 49th and 60th Street pay an average rental price of 3,000 USD dollars per square foot per year, which is equal to 28,262 euros per square meter per year. But what are the rental prices for retailers like in other international shopping hotspots, such as Champs Elysées in Paris or Via Montenapoleone in Italy or New Bond Street in London?
FashionUnited maps the 10 most expensive shopping locations in the world according to the rental prices and shares them with you in the Google map below.
Interested in reading more on the world's priciest shopping streets? Then click here to read more.
- Vivian Hendriksz |
London - British lifestyle brand Hunter has opened its third global flagship store in Toronto, Canada. Located on the ground floor of the Yorkdale Shopping Centre, the standalone store marks Hunter's first foray in North America.
The concept for the 2,800 square foot store was developed by Hunter's in-house retail design team and underlines the brand's commitment to North America, one of the brand's largest retail markets. “Toronto's diversity and vibrancy makes it one of North America's most exciting places to be and reflects the Hunter ethos, which is why it’s where we decided to open our third standalone store and the brand’s first in North America," said Alasdhair Willis, Creative Director.
The new store showcases Hunter's Autumn/Winter 2017-2018 womens, mens and childrens Hunter Original footwear, outerwear and accessories together with the Hunter Field technical collection. The new flagship store's interior style is anchored by a focal moment, which reveals the sky and exposes the space to the 'outside' elements of the external landscape, as the internal fixtures in the store act as a 'protective canvas'.
Visitors to the store are able to 'look out' from the barn architecture onto a backdrop of the Scottish Highlands, where the Hunter brand was born. In order to keep the store's interior feeling fresh, its in-store weather elements are set to be changed seasonally. The new store's front is reminiscent of a greenhouse, creating the feeling that the sky is surrounding visitors on entry to the store.
In honour of the store's opening, which opened its doors to the public this month, and to mark 150 years since Canada's Confederation, Hunter has released a limited-edition backpack in red and white. The Toronto limited edition top clip backpack, adorned with a red maple leaf, is made from rubberised leather and will only for be sale in its Yorkdale flagship store.
- Vivian Hendriksz |
London - British slipper brand Mahabis has announced its first retail partner: US department store Nordstrom.
The award-winning slipper brand is set to launch in selected Nordstrom stores across the country in November as the London-based label expands and takes its first step into physical retail.As over half of Mahabis online sales are from the US, the partnership sees the brand reaching out to one of it larger customer-bases, to allows US customer the chance to see the slippers and buy them in store for the first time.
“We are thrilled to partner with Mahabis in the US, launching in our Nordstrom stores and online at nordstrom.com. We’re always looking to bring new, limited distribution merchandise to our customers and know they will love the design and quality of the brand," commented Brian Costello, VP Divisional Merchandise Manager, Women’s Shoes.
Nordstrom will be offering Mahabis’ original wool-lined ‘classic’ design, retailing at 110 US dollars in their Women’s Shoes department, both online and in-store from November 15. The classic slipper will be available in Mahabis’ signature larvik light and dark grey uppers, with a choice of colourful detachable soles. US Women’s sizes ranging from 4-12 will be available.
Photo: Courtesy of Mahabis
- Vivian Hendriksz |
Plans for the new 1.4 billion pound redevelopment of Whitgift Shopping Centre in Croydon have been given the green light by the local council.
The Croydon Partnership, a joint venture between retail developers Westfield and Hammerson have been given planning consent from the London Borough of Croydon to redevelop the former shopping centre into London's third Westfield complex. The new centre is set to offer more than 1.5 million square feet of retail and leisure space which be home to 300 new stores, restaurants and leisure facilities and bring 7,000 new jobs to the area.
Redevelopment of Whitgift Centre to bring 7,000 new jobs to Croydon
“The approval of the 1.4 billion pound plans to redevelop the Whitgift Centre represents a significant milestone for the project and for Croydon," said John Burton, OBE Westfield UK/Europe’s Head of Development in a statement. "Retail-regeneration projects have a proven track record to deliver transformation and regeneration which is evidenced by the 5.25 billion pound of inward investment planned for Croydon."
Pleased to announce, together with @Hammersonplc, that our £1.4bn redevelopment plans for Croydon have been unanimously approved by London Borough of Croydon. Our plans will deliver a new retail, dining and leisure destination, creating 7,000 new jobs and regenerating the area. pic.twitter.com/70ftDSNmSf— Westfield UK (@WestfieldUK) November 14, 2017
"The positive response from London Borough of Croydon provides confidence to retailers, investors and the community, enabling the Croydon Partnership to create South London’s best retail, dining and leisure destination and deliver new homes and 7,000 jobs.” The new development will also feature a new Marks & Spencer flagship store, a 24-hour public walkway and up to 1,000 new homes. Construction for the billion pound scheme is set to begin in 2019, to allow the Whitgift Centre the chance to trade through Christmas 2018.
“Our goal remains to deliver a world-class retail and leisure destination to attract new visitors to Croydon and enhance economic growth in the town," added Peter Cole, Hammerson’s Chief Investment Officer. "We are pleased with the level of retail demand which has driven the evolution of the design and layout of the new scheme, and we look forward to progressing our plans and transforming Croydon into one of the UK’s top 10 retail and leisure destinations.”
The Croydon Partnership has been working with all stakeholders, including Croydon Council, and TfL to co-ordinate its redevelopment scheme with the 5-year town centre infrastructure programme. The redevelopment scheme aims to contribute over 30 million pounds to the provision of local infrastructure through the Community Infrastructure levy, together with 7.5 million pounds for specific measures, such as including 2.5 million pounds to support employment and training initiatives to assist with providing jobs for local people.
Photos: Courtesy of Croydon Partnership
- Danielle Wightman-Stone |
Fashion retailer Quiz has announced its expansion in Spain, opening three new stores and a dedicated e-store in the country.
Its three stores are located in Madrid - Islazul, TresAguas and Xanadú, and has confirmed that it has plans to open more in 2018.
Commenting on the expansion, Sheraz Ramzan, Quiz chief commercial officer, said: “This is an incredibly exciting time for Quiz, as we continue to grow the brand and enter new markets. We’re incredibly proud of the progress we’ve made so far, and aim to continue to grow our presence in the future to create a truly global brand.”
Quiz was founded in 1993 targeting women aged 15-35 years olds with its line of occasion, evening and casualwear, as well as jewellery and accessories. It has 350 outlets in more than 20 countries.
- Vivian Hendriksz |
MAP London - New Bond Street has retained its appeal as one of the most luxurious shopping streets in the world. The shopping street, home to leading fashion houses such as Chanel, Mulberry and Louis Vuitton, remains a retail hotspot as annual average rent prices have surged over the past year, growing 37.5 percent, according to the latest report from Cushman & Wakefield's Main Streets Across the World.
The average rental price per square foot per year in June 2016 on New Bond Street, a Zone A district, was 1,600 pounds. A year later, the average rental price has grown to 2,200 pounds or 16,200 euros per square meter, ranking London's New Bond Street as the third most expensive shopping street in the world, up one spot since 2016. This year ranking sees the UK shopping street overtaking Champs Elysées in Paris, which has fallen from third place in 2016 to fifth place, just under Milan's Via Montenapoleone.
FashionUnited maps the 10 most expensive shopping streets in the world according to rental prices on the Google map below:
Read more here
New Bond Street retail rent price increases 37.5 percent in one year
Unsurprisingly, New York's Upper Fifth Avenue retained its crown as the most expensive retail street in the world, with an annual average rent of 3,000 US dollars per square foot (28,262 euros per square meter). Hong Kong's Causeway Bay retained its ranking in second place this year, commanding an average rental price of 2,725 US dollars per square foot in 2017, followed by New Bond Street at 1,719 US dollars. Average rental prices on Via Montenapoleone have increased over the last year, placing the Italian shopping street in fourth place, with rent prices sitting at 1,443 US dollars per square foot.
Champs Elysées in Paris rental prices remained steady over the last year, neither growing nor decreasing at 1,407 US dollars per square foot. Ginza in Tokyo, Japan ranks in sixth place, with an average rental price of 1,200 US dollars per square foot per year and is followed by Pitt Street Mall in Sydney, Australia at 1,000 US dollars per square foot. Seoul's Myeongdong comes in eighth place in the report's ranking of most expensive shopping locations per country, with average rental rates at 914 US dollars per square foot per year, followed by Bahnhofstrasse in Zurich at 883 US dollars and Kohlmarkt in Vienna in tenth place with 490 US dollars per square foot per year.
The results underline the continued demand for prime retail locations, despite the growth in online retailing. Over the year to June 2017, global retail rental growth increased 0.5 percent, reported Cushman & Wakefield, with 136 of the 451 locations monitored reporting growth against 90 to report a decline in rents.
Photo: Courtesy of Louis Vuitton, New Bond Street store
- Vivian Hendriksz |
London - Luxury fashion house Fendi has teamed up with mytheresa.com to create a special capsule collection. The collaboration marks the first time that Fendi partners up with an online luxury retailer.
The Fendi x mytheresa.com capsule collection includes a selection of limited-edition items from Fendi's women's fall/winter 2017-2018 collection, including ready-to-wear, handbags, shoes, sunglasses and Strap You, which have all exclusively been created in a fresh and cool pink tone.
In order to promote the collection, Fendi and mytheresa.com have also created a dedicated editorial story and short fashion film on mytheresa.com. The short film follows five characters wearing the Fendi x mytheresa.com collection as they make their way through the streets of New York.
The Fendi x mytheresa.com capsule collection is set to launch exclusively at mytheresa.com on November 15 and will be presented during an event in mytheresa.com physical store Theresa in Munich.
Photos: Courtesy of mytheresa.com
- Vivian Hendriksz |
Online and mail-order fashion retailer Boden has opened the doors of its first brick-and-mortar store on Kings Road, London. Located at 20-23 Duke of York Square, the 4,000 square foot destination flagship store offers shoppers a chance to immerse themselves in Boden's brand DNA and features the brand's full range for women and children, as well as footwear and accessories.
Designed by Dalziel & Pow, the new store concept invites customers to shop at a place which has been created to make them feel 'at home' with Boden within a Georgian house setting. The store's interior is 'bursting with an eccentric British vibe' which has been inspired by Johnnie Boden's unique style and personality. "I’m so excited to be going into retail. This is a new chapter for Boden," said Founder and Creative Director Johnnie Boden. "At last, our customers will be able to see the brand in all its glory. I would like the shop to feel like you’re walking into my home."
Boden opens first stand-alone store in London
The debut flagship store has been decorated with found furniture to create an authentic domestic feel, which is completed with hand-painted finishes and dark wooden flooring. In order to ensure the store atmosphere remains playful, wit and humour are fed into the space through pops of colour, engaging lifestyle and elements of surprise, such as unique audio recorded by Johnnie Boden in the store lift, to facilitate the customer journey through the store and the store's one of a kind fragrance.
Boden's first flagship store also features entrances at either end, welcoming shoppers into individual rooms which have been created to gradually reveal Boden's collections in a manageable, easy-to-navigate way. A feature staircase in the centre of the store separates the store's two floors; women's, accessories and footwear are located on the ground floor and mini and baby Boden on the lower ground level.
"The launch of any established online brand into physical space is a challenge, a challenge to represent the brand in a way it hasn’t needed to consider since its inception," said David Dalziel, Creative Director, Dalziel & Pow. "At Boden that required us to get closer to the brand essence than is normally possible, to truly reflect it in every choice of material, every nuance of the experience. In this store Boden creates its own home from home - the result is a subtle and elegant interpretation that gives the brand a platform for future growth."
"Opening stores is a significant moment for Boden as we continue to grow our business," added Boden's CEO Jill Easterbook. "Boden is a brand packed with personality - a brand we are really excited about bringing to life in retail." Boden's debut store opening is the first of a number of stores the fashion retailer aims to open in 2018. In addition to opening stand-alone stores, Boden has also opened a number of concession stands in John Lewis department stores across the country, with several more set to open in February and March 2018. In addition, Boden has also opened concessions in Nordstrom in the US and with online retailer Zalando in Germany.
Photos: Courtesy of Dalziel & Pow