Home / Knowledge / News / Fashion / 'Fashion leads retailer demand for lease in Asia-Pacific'
'Fashion leads retailer demand for lease in Asia-Pacific'
07
Dec '13
Retailer demand for leases in the Asia-Pacific region during the third quarter of 2013 continued to be led by fast fashion retailers, as groups in this sector entered new markets and introduced sister brands to locations where they already had a presence, as per the latest retail report by Asian real estate consulting firm CBRE.
 
According to a statement issued by CBRE Hong Kong, the study, which analyzes retail expansion for the first three quarters of 2013, found that Japanese and Korean groups operating in the fast fashion sector were particularly eager for cross-border expansion, whereas department stores also became more active.
 
For the luxury sector, big high-end brands continued to add new stores in Beijing and Shanghai but were more focused on core areas in top cities rather than expanding elsewhere, the report adds.
 
As per the report, “in Southeast Asia rising demand for new trends and styles from the emerging middle class continued to spur the entry of fast fashion retailers into key markets.” 
 
“During the period Zara opened its first store in Hanoi and its sister brands Bershka and Stradivarius established their first outlets in Manila, whereas H&M opened a 41,980 sq. ft. flagship store in Bangkok’s Central World—its fourth shop in the Thai capital—and launched its first store in Jakarta in early October”, the report states.
 
Sebastian Skiff, executive director, CBRE Retail Asia, said retailer demand is expected to remain firm overall, and will continue to be led by bridge brands and mid-range fashion groups, with many retailers in these categories focusing on key markets in China and Southeast Asia for new market entry and expansion.
 
In markets where they are already established, retail groups are looking for brand extension opportunities to launch their related brands in premium locations, he added.
 
Jonathan Hsu, director of CBRE Research, Asia Pacific, said in key markets such as Hong Kong, Shanghai and Singapore slightly more subdued demand combined with a lack of space in core locations and high rents will continue to restrain retailer expansion and limit further rental growth. 
 
However, retailers in these markets will continue to focus on key requirements in core areas, a trend that will impact rents in secondary locations, he added.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Feb 2020

US surpasses China as India's biggest trading partner

The United States has surpassed China to become India's top trading...

Pic: Shutterstock

Textiles | On 25th Feb 2020

COVID-19 puts break on India’s raw material import

Novel coronavirus (n-CoV or COVID-19) epidemic has taken more than...

Pic: Shutterstock

Textiles | On 25th Feb 2020

Coronavirus may shift buyers to Turkey, fuel cotton growth

The coronavirus outbreak will cause a possible shrinking of China's...

Interviews View All

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Victor Chao, Esmetex

Victor Chao
Esmetex

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

Top executives, Textile industry

Top executives
Textile industry

Technical textiles industry moving back to Europe

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Bora Akris,

Bora Akris

Realkom, headquartered in Istanbul, is a fully integrated textile company...

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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