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Korean menswear brand Stripes sets up shop in Hong Kong
16
Apr '16
Courtesy: gov.hk
Courtesy: gov.hk
Korean menswear brand Stripes that it has set up an office in Hong Kong offering online-to-offline bespoke garments with direct delivery services from Korea to consumers in Hong Kong, as part of its global expansion strategy.

Stripes Strategy Manager Ms Inggeol Kim said that customers can visit its website to request a stylist for consultation at a location that is convenient to them. This service-oriented approach to fashion sets it apart from other ready-made shirt retailers, according to a press release by Invest Hong Kong.

The garments will be made in the company's own factory in Korea and delivered from Korea directly to customers. In addition, measurements are stored online for future reference when the same customer orders. The Hong Kong operation will start with offering tailored shirts, and gradually expand its product offering.

Ms Kim said that Stripes has been a hit among young Koreans because it eliminates the hassle of finding the right tailor and provides convenience. She said, "In Korea, our products and services are much sought after by young professionals looking for both style and comfort. We believe that the same business model can be successful in an international city like Hong Kong."

"With over 40 000 body sizes collected from our customers we can make use of big data analytics to continually upgrade our services. We have built a new customised fit system called "NEU-FIT" that can help us identify customers' tastes and advise on the best fitting sizes and patterns for each individual,” she said.

She added that the company has attracted over $5 million in funding so far, showing investors' confidence in its commercial viability.

Associate Director-General of Investment Promotion, Dr Jimmy Chiang, welcomed the arrival of Stripes in Hong Kong and said, "Hong Kong is one of the most digitally connected cities in the world, and the consumers are sophisticated. This creates a conducive environment for innovative business models that merge fashion with technology."

In 2013, Stripes started in Korea as an online platform offering menswear for those who look for customised garments to highlight their own style. The company now offers a variety of colours and designs, plus a range of fabric options for customers to choose online with the aid of a stylist. The company also owns a manufacturing facility in Korea which has a heritage of producing premium shirts for international brands. (SH)

Fibre2Fashion News Desk – India

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