Home / Knowledge / News / Apparel/Garments / Poor interest forces Marks & Spencer to withdraw
Poor interest forces Marks & Spencer to withdraw
23
Jul '08
Recent announcement shows that Taiwan has not been a positive and lucrative venture for Marks & Spencer (MS).

The leading clothes enterprise from England has decided to close down the three franchise stores it opened just 14 months back in Taiwan.

While one of the outlets is located in Kaohsiung City, the two more are in Taipei.

M&S official said that the three stores were opened on trial basis to explore the Taiwanese market and its opportunities. Since this project has not been promising enough, the Company has decided to retreat.

Experts believe that the major reason for this outcome is the fact that most locals prefer to buy from department stores and malls.

However, the M&S franchise shops and stores in other countries and regions like India, Shanghai and so on are doing good business. The Shanghai franchise shop is the biggest in Asia, covering an area of nearly 4900 square meters.

Still, company is optimistic and hopes to set up an office in Taiwan.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

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

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...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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