Home / Knowledge / News / Fashion / Sluggish retail sales fail to affect OmniaLuo's growth in March

Sluggish retail sales fail to affect OmniaLuo's growth in March

16
Apr '08
The U.S. Department of Commerce reported that retail sales in March grew at a sluggish pace, evidencing a continuing economic slowdown, but that's not the case in China where OmniaLuo Inc just opened 24 stores in March.

Shenzen-based OmniaLuo, a high-end fashion chain carrying original designer clothing, is the brainchild of founder Cindy Luo, an award-winning Chinese fashion designer who's on a fast-track expansion with an aggressive goal of opening 66 new stores this year.

"Our success in March signifies not only a new Company best -- a full 60% increase over our prior record of 15 stores in February of 2007 -- but it also serves to kick start our growth prospects for 2008 and beyond," said Ms. Luo.

While the designer-turned-retailer was excited about OmniaLuo's growth, in the United States retail sales have slowed to a snail's pace.

In a press release issued Monday, National Retail Federation (NRF) Chief Economist Rosalind Wells said, "Unseasonably cooler weather created a challenging sales environment for many U.S. apparel retailers last month."

The U.S. Department of Commerce reported Monday that retail apparel sales shrank 0.5 percent in March while excluding automobiles, gas stations, and restaurants, total U.S. retail sales shrank 0.9 percent unadjusted over last year and were down 0.3 percent from the prior month.

Though Ms. Wells chalked up the decline in U.S. retail sales to weather, Ms. Luo noted that OmniaLuo's growth took place on the cusp of the Chinese New Year in January and February when sales there are historically lower. OmniaLuo, Inc. now has 211 retail stores open with a goal of 250 for the year.


Must ReadView All

Pic: Shutterstock

Textiles | On 27th Oct 2020

Scottish businesses to gain from UK-Japan trade agreement

Scottish businesses, including textile firms, are set to benefit from ...

Pic: SA Company

Apparel/Garments | On 27th Oct 2020

TZP Group makes strategic investment in SA Company

TZP Group, through TZP Capital Partners III, a private equity firm...

Pic: Shutterstock

E-commerce | On 27th Oct 2020

Online shopping scams rise 37% during 2020 1st half in UK

Incidences of online shopping and auction fraud in the UK rose by 37...

Interviews View All

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Textile Industry, Head honchos

Textile Industry
Head honchos

Consumer sentiment will be conservative after lockdown

Shyam Gupta & Ravi Gupta,

Shyam Gupta & Ravi Gupta

Based out of South Delhi, Gargee Designer's provides bespoke formal and...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

KK Lalpuria,

KK Lalpuria

Indo Count Industries is an India-based home textile company engaged in...

Madison Maxey, Loomia

Madison Maxey
Loomia

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

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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


October 2020

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


Advanced Search