Home / Knowledge / News / Apparel/Garments / Australia's Witchery Group to shut Mimco UK outlets
Australia's Witchery Group to shut Mimco UK outlets
30
Mar '12
In adherence with its "a re-focus in channel strategy", Australia's fashion retailer Witchery Group has decided to shut all its UK-based Mimco concessions and standalone retail outlets.

The move has been persuaded by the retailer's decision to focus on its online sales, which have been rising in both northern and southern hemispheres.

According to Witchery Group CEO Iain Nairn, UK's financial conditions played a major part in the company's latest decision.

He said that their business and brand strategy requires them to basically invest in retail markets which are headed for future growth, and hence they are diverting their focus and efforts to tap the markets that satisfy these conditions.

The Mimco brand, which was introduced in the UK in 2008, now operates 14 House of Fraser concessions and 9 boutiques there. As stated by Nairn, the firm would wind up its UK retail operations in a phased manner, so as to minimise its effect on staff as well as other stakeholders.

Mimco would, however, retain its presence in the UK through its online boutique, which has met great success since its launch in the Northern Hemisphere in August 2010.

Nairn said they still look forward to serve the UK customer, but now this would be done through their online boutique, which ensures delivery in a day's time to almost any part of the world.

Mimco will continue to operate its retail boutique network in Singapore, Australia and New Zealand.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X