Home / Knowledge / News / Apparel/Garments / Asia-Pacific continues to lure apparel retailers: Report
Asia-Pacific continues to lure apparel retailers: Report
09
May '13
The growth of retail sector, including apparel retail, in Asia-Pacific region has been particularly impressive in recent years, according to a report released by CBRE, an international commercial real estate services firm.
 
The report tilted “Retail Hotspots in Asia Pacific: 2013 Key Findings”, says international and domestic retail chains have widely expanded across Asia-Pacific region, especially in China, in recent years.
 
Hong Kong, Singapore and Tokyo are the leading cities with maximum new retailer entries. The new retail entrants are expected to have a steady growth rate in 2013, particularly for international denim retailers.
 
Luxury and business retailers have occupied the maximum portion (27 percent) of the new entry retailers’ market, as per the CBRE report. The mid-range fashion retailers (18 percent), specialist clothing stores (12 percent), and value and denim chains (11 percent) also hold a major section of the Asia-Pacific market.
 
Growing middle class, young demographics and rising incomes are acting as catalyst for the entry of the retailers in the Asia-Pacific, according to the study.
 
Besides establishing in the major cities, especially of China, many retailers have planned to cover the emerging locations, including Wuhan, Shenyang and Nanjing, to cater to the rise in demand.
 
Most retailers opening their stores in the Asia-Pacific hail from EMEA (Europe, Middle East and Africa) countries, states the report. 
 
It predicts that new retail openings will continue at a steady rate in 2013, particularly from international value and denim retailers targeting emerging markets and also from Japanese and Korean groups.
 
It singles out Australia as a major destination for retail expansion in 2013.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Kornit Digital

Textiles | On 28th Feb 2017

'Customisation is an advantage of digital printing'

Changing business models and companies' decision to reduce their...

Textiles | On 28th Feb 2017

China's textile & apparel exports up 10.2% in Jan 2017

Exports of textiles and garments from China resumed growth in the...

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mark Paterson
Technical Absorbents Ltd

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Jay Ramrakhiani
Occasions Elegance Wear

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search