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

Pic: Shutterstock

Apparel/Garments | On 28th Feb 2020

Cambodian PM urges PRC to export raw materials by air, sea

Prime Minister Hun Sen recently urged Chinese ambassador to Cambodia...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Pak govt urged to help clear consignments from China

The Sindh Industrial Trading Estate (SITE) Association of Industry...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Coronavirus an opportunity for Indian textile industry?

While scientists across the world are busy developing vaccine and...

Interviews View All

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Top executives, Fashion houses, India

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Zafer Demirel,

Zafer Demirel

Turkey's Canlar Mechatronics is a leading designer and manufacturer of...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


February 2020

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


Advanced Search