American Eagle Outfitters has officially closed its Tmall store, prompting speculation that the brand is exiting the Chinese market.
operated by Tmall has been retired. This exit does not impact the [Hong Kong] operations, which are an important part of our [Asian Pacific region] growth strategy.”
AEO entered the Asian market with the American Eagle brand. It opened a store in Hong Kong in 2011. In May of the same year, the brand opened an Asian flagship store in Shanghai, followed by stores in Beijing, with Dickson Concepts as its local retail partner.In 2014, the company launched an official Tmall flagship store featuring American Eagle and its sister brand Aerie. With a focus on online, the retailer slowly shrunk its offline retail presence.
Known for its denim and accessible casual wear products, the American retailer has shifted its focus onto the Indian market this year, with plans to open 50 stores in partnership with Aditya Birla Fashion and Retail.Joining the likes of Urban Outfitters, Topshop, Asos and New Look that left the Chinese market in recent years, AEO’s potential exit is further evidence that the Chinese market is becoming increasingly tough.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
American Eagle, Aerie coming to Tuscaloosa’s Midtown Village“We are thrilled to add two more retailers that cater to the college-age demographic in Tuscaloosa,' said Mary Beyer Lell, head of leasing for Crawford Square Real Estate Advisors.
Baca lebih lajut »
Dover man pleads guilty to killing a bald eagleAs part of the plea agreement, David Huff will pay $20,000 to the United States Fish and Wildlife Service and will be banned from hunting for five years.
Baca lebih lajut »
American Eagle, Aerie coming to Tuscaloosa’s Midtown Village“We are thrilled to add two more retailers that cater to the college-age demographic in Tuscaloosa,' said Mary Beyer Lell, head of leasing for Crawford Square Real Estate Advisors.
Baca lebih lajut »
China warns Bitcoin could ‘go to zero’ after crypto market crashAmid uncertainty that has engulfed the cryptocurrency market after an extended period of bearishness, during which its flagship asset, Bitcoin... Continue reading
Baca lebih lajut »
Aidy Bryant Says She Would Have Left 'SNL' Earlier If Not For COVIDBryant exited the long-running sketch comedy series last month after a decade on the show.
Baca lebih lajut »