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

Bangladesh demands better prices for garment items from US

Apparel/Garments | On 21st Sep 2018

Bangladesh demands better prices for garment items from US

Bangladesh sought better prices for its exports, especially garments, ...

Courtesy: EFI

Textiles | On 21st Sep 2018

Digital textile printing expected to grow at 20% CAGR

Digital textile printing is at this time about 3-4 per cent of all...

Courtesy:  Vishal Banik on Unsplash

Textiles | On 21st Sep 2018

Pakistan's textile exports up 3.72% in July-August 2018

The value of textile and garment exports from Pakistan increased 3.72 ...

Interviews View All

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Tejas N Patel, Navin D Patel,

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

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

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

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

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Prathyusha Garimella, Prathyusha Garimella

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

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search