SHISHI, China, August 28, 2014 /PRNewswire/ -- Aquasition Corp. (the "Company") (NASDAQ: AQU), a company engaged in the design, manufacturing, marketing, distribution and sale of casual menswear in China, today announced that on August 25, 2...Read More »
XIAMEN, China, August 28, 2014 /PRNewswire/-- China Xiniya Fashion Limited ("Xiniya" or the "Company" NYSE: XNY), a leading provider of men's business casual apparel in China, today announced that it plans to release its unaudited financial ...Read More »
SHANGHAI, Aug. 28, 2014 /PRNewswire/ -- Global sports brand adidas has used the expertise of international retail planning experts GMAP Marketing Consulting (Shanghai) Ltd., part of Callcredit Information Group, to support in their China expansion strategy.
adidas already has 7,600 shops across 1,000 Chinese cities and intends to consolidate their location coverage in the major cities as well as increase their footprint in China by expanding to another 400 cities by the end of 2015, with special focus on opportunities in middle sized cities. With GMAP's extensive data coverage in over 50 cities, including comprehensive mapping of both current and future retail locations, the newly established GMAP Shanghai team was chosen to help adidas understand and prioritise where expansion potential exists.
Headquartered in Leeds, UK, GMAP has over 25 years' experience helping global organisations with retail network planning. With a strong existing client base in Asia Pacific, GMAP helps retailers identify target customers and develop optimal location strategies for store networks and expansion. GMAP Shanghai combines our global modelling expertise with a local team of analysts to help both international and domestic clients in China.
GMAP conducted a market analysis study, covering 45 cities in mainland China (tiers 1-3) as well as Hong Kong and Taiwan. The results were used to provide adidas with a complete picture of demand and supply, along with identifying the direction of consumer spending flows. Using expert modelling solutions, GMAP calculated the size of the market opportunity for sports and casual fashion in nearly 5,000 unique retail sub-centres, identifying which locations and malls within specific cities would offer the highest revenue prospects for expansion. To obtain the most accurate data, a physical survey of all locations, including current adidas and competitor stores, as well as new potential locations, was undertaken.
The result was a detailed roadmap identifying the most viable locations to target for store expansion. This included all existing retail centres and malls as well as a unique database of over 800 future retail developments coming on stream in the next year or two with recommendations on which would have the most retail potential.
Tom Brown, Retail Expansion Director, adidas China, commented, "Working with GMAP in China is like a breath of fresh air."
Luke Whittam, Asia-Pacific Director, GMAP, added, "It was a pleasure to work with adidas in this exciting and dynamic market. It provided the opportunity to validate our well-developed approaches in a market with huge potential for so many innovative retailers."
About Callcredit Information Group - www.callcredit.co.uk
Callcredit Information Group's leading approach to deploying consumer information brings together experts across the fields of credit referencing, marketing services, interactive solutions and consultative analytics to provide clients with a range of innovative and effective products to discover new customers and to engage with current customers to optimise and increase profitability.
Products include award-winning fraud verification tools and database solutions to positively verify consumers, global operations to help expand businesses into new markets, digital solutions to improve the overall journey consumers make during interaction with a brand, customer handling to ensure consumer satisfaction at all levels and consumer marketing data and segmentation to improve understanding and targeting of customers and prospects.
Callcredit also offers products to assess a customer's credit risk and affordability and its experts in collections and recoveries provide tailored debt recovery and tracing tools. The company's market analysis and network planning function helps organisations develop profitable retail networks, and its tools in multi bureau, analytics and metrics work to provide fully assessed bureau data.
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-- Turnover Reached RMB766.2 Million
-- Gross Profit Increased by 13.0% to RMB269.1 Million
HONG KONG, Aug. 28, 2014 /PRNewswire/ -- China Fordoo Holdings Limited ("Fordoo" or the "Company" and, together with its subsidiaries, the "Group", Stock Code: 2399), a reputable menswear brand in the PRC, is pleased to announce its interim results for the period ended 30 June 2014 (the "period").
During the period, benefited from the growing recognition of the Group's "FORDOO" brand and an increase in the average wholesale price of products, the Group's turnover increased to RMB766.2 million, representing an increase of 6.8% over the corresponding period last year (1H2013: RMB717.4 million). The expansion of distribution network further strengthened the profitability of the Group. Net profit increased by 8.5% to RMB128.7 million over the corresponding period in 2013. Basic and diluted earnings per share were RMB36 cents, representing an increase of 8.5% as compared to the corresponding period last year (1H2013: RMB33 cents).
Mr. Kwok Kin Sun, Executive Director, Chief Executive Officer and Chairman of the Board said, "In the first half of 2014, China's economic growth continued to slowdown and the retail market remained weak. For the apparel retail industry, the total retail sales of garments, hats, footwear and knitwear recorded a 10.0% year-on-year increase, which was 1.9 percentage points lower than that of the corresponding period in 2013. Therefore, the Group adopted a prudent operation strategy and focused on improving the distribution channel management and enhancing product quality and design. We are very satisfied that the purchase orders from the sales fair held in March 2014 increased by 24% from the ones held in September 2013."
As a reputable menswear brand in the PRC, by product type, Fordoo continued to lead the market in the men's trousers segment. In the first half of 2014, turnover from men's trousers increased by 16.9% to RMB458.1 million as compared to the corresponding period last year (1H2013: RMB392.0 million). In addition, sales of trousers remained the major contributor to the total turnover with a proportion of 59.8%. In terms of product style, the Group maintained a healthy growth in the business formal and business casual series. The business casual series continued to be the largest turnover contributor to the Group with a proportion of 63.4% (1H2013: 61.1%).
The Group has been striving to optimize its retail and sales network for the sustainable business growth. As of 30 June 2014, the retail and distribution network of the Group further expanded to 52 distributors and 180 sub-distributors. During the period, the Group had a total 1,353 retail outlets (including 2 self-operated retail stores), representing a net increase of 53 retail outlets as at 31 December 2013, spanning over 240 cities and 31 provinces, autonomous regions and central government-administered municipalities in the PRC. The increase in retail outlets was a strategy to further penetrate into the markets in the second and third-tier cities.
In the first half of 2014, as part of the Group's marketing and promotion plan to enhance and reinforce its brand image, the renovation of 41 existing stores had completed, and the plan for renovating another 59 stores by the end of the year remained on track. In addition, the Group continued to actively carry out regular advertising and promotion campaign through various channels, such as advertisements in fashion magazines, promotion activities in the internet and other media, as well as advertisements on large outdoor billboards in airports, highways and well-known department stores.
Looking ahead to the second half of 2014, the Group sustains its cautiously optimistic view with respect to the growth of consumer demand in menswear market in China. It is confident that the ongoing urbanization and expanding middle class in China will generate a strong demand on apparels in the long run. Therefore, the Group maintains its target for distributors of adding approximately 200 retail outlets within the year. In the coming 2014 spring/summer sales fair to be held in September 2014, the Group will launch a new casual fashion line targeting young customers aged 18 to 30.
Mr. Kwok concluded, "Fordoo will strive to seize the opportunities arising from the continuous growth of the men's casual wear and trousers market in PRC, as well as strengthen its cooperation with the distributors and sub-distributors. The Group will equip itself for the future development through enhancing its product design and development capability and kicking off the implementation of the ERP system. Driven by the success of men's trousers, business formal and business casual series, it is believed that the Group could continue its sustainable growth and maximize shareholders' returns."
- End -
About China Fordoo Holdings Limited
Fordoo is a reputable menswear brand in the PRC. Positioned in the middle-upper menswear segment, Fordoo primarily targets men aged 30 to 60. According to Frost & Sullivan, Fordoo brand was ranked sixth in the middle-upper menswear market with a market share of 2.9%, fifth in both the middle-upper business casual menswear segment and the middle-upper business formal menswear segment with respective market share of 4.0% and 2.9%, and second in the men's trousers category with a market share of 3.0%, all of which were in terms of retail sales in 2013. Fordoo manages and operates the business through a strategically integrated model, comprising brand management and marketing, design and product development, ordering process, procurement of raw materials, self-production and outsourced production and sales and distribution. As of 30 June 2014, Fordoo's distribution network comprised of 52 distributors, 180 sub-distributors and 1,353 retail outlets (excluding the two self-operated stores).
Issued by Porda Havas International Finance Communications Group for and on behalf of China Fordoo Holdings Limited.Read More »
First and Only International Men's Fashion & Lifestyle Media Brand to Kick-start Multimedia Website in HK
HONG KONG, Aug. 26, 2014 /PRNewswire/ -- SCMP Group Ltd (SEHK: 583), Asia's leading media holding company, today announced that it will launch EsquireHK.com on 1 September, establishing Esquire as the first and only international men's fashion & lifestyle media brand with a localized multimedia online presence in Hong Kong. This follows the publication of Esquire's Chinese version in January after SCMP Hearst Magazines Limited, a joint venture between SCMP Group and Hearst Magazines International, acquired its publication rights in Hong Kong.
Leveraging the resonance of the print edition's lifestyle and fashion content, EsquireHK.com will enrich readers' experience with a host of multimedia daily-refreshed channels on Style, Lifestyle, Watches, Food & Drinks, Machines, People and Esquire TV. The new website shares the signature brand essence and motif of its US counterpart esquire.com, while infusing Hong Kong and international editorial directions with local flair. EsquireHK.com is powered by multi-talented online editorial specialists that create daily lifestyle & fashion news, reviews, tips, how-to guides and interviews using lively language, videos, photos, infographics and images.
SCMP Group announced that EsquireHK.com will be launched on 1 Sep, establishing Esquire as the first and only international men’s fashion & lifestyle media brand with a localized multimedia online presence in Hong Kong.
Ms. Josephine Chan, Managing Director, SCMP Magazines Publishing Ltd said, "Through research and focus groups, we confirmed our belief that there is a dearth of men's fashion and lifestyle websites with quality and original content in sync with what Hong Kong readers are looking for. EsquireHK.com helps us bridge this important market void, while strengthening our connection with readers, and importantly, building on the success that Esquire print has attained since the January launch."
Ms. Chan added, "With daily updated content, EsquireHK.com will become indispensable to marketers and advertisers looking for an integrated men-focused advertising and promotion platform. In Esquire magazine and Esquirehk.com, they will be able to direct their promotional efforts to a high-value group of target audience that cares about style and substance."
An online campaign titled "Are you THE MAN?" has preempted the website launch and introduced readers to Esquire HK's brand essence - modern, sophisticated, confident and detailed. Created by the EsquireHK.com team, the campaign is making a splash with visitors, some of whom heard about it from Esquire's HK Facebook page. The campaign challenges site visitors to test their understanding of "Lifestyle, Style, Workplace and Party". Registered participants who submit outstanding answers will win special prizes. The campaign www.esquireHK.com/areyoutheman will end on September 7.
About SCMP Group Ltd and South China Morning Post
SCMP Group Limited (SEHK: 583) is a leading newspaper and magazine publisher in Asia. Its flagship publication, South China Morning Post, is Hong Kong's internationally recognised English language newspaper and has the city's most affluent and influential readership.
First published in 1903, the newspaper has developed an enviable reputation for authoritative, influential and independent reporting on Hong Kong, Mainland China and the rest of Asia. Available in print, mobile, tablets and online through scmp.com and e-reader editions, South China Morning Post reaches a global audience with daily breaking news, analysis and opinion, multimedia articles and interactive forums. The South China Morning Post received over 160 awards in 2013-14 for excellence in editorial, marketing and technical capability. Other titles in the Group include the Sunday Morning Post, Nanzao.com, Nanzaozhinan.com, STYLE, Destination Macau, The PEAK, HK Magazine, The List, Where Hong Kong, and Where Chinese.
Through the joint venture partnership with Hearst, SCMP Hearst publishes the Chinese editions of Cosmopolitan, CosmoBride, Harper's BAZAAR, Harper's BAZAAR Art, Harper's BAZAAR Bride, Esquire, ELLE, ELLE Men, ELLE Wedding, ELLE Decoration, and ELLE Accessories; and operates Cosmopolitan.com.hk, Cosmogirl.com.hk, Harpersbazaar.com.hk, ELLE.com and EsquireHK.com in Hong Kong.
For further information please contact:
Acclaimed Online Fashion Brand Milanoo Now Offering $10 as Bonus to All Their New Affiliate Publishers
Milanoo has just started offering a sign up bonus of $10 to their affiliate publishers worldwide in order to further expand their presence in the global market. The company's impressive line of products includes a wide range of c...Read More »
NEW YORK, Aug. 26, 2014 /PRNewswire/ -- Cole Haan, the iconic American lifestyle footwear and accessories brand and retailer, today announces an exclusive release with MR PORTER.COM, the award-winning global retail destination for men's style. The assortment of six styles consists of the ZeroGrand Wing Ox and two silhouettes designed exclusively for the retailer, the new ZeroGrand Chukka and ZeroGrand Tassel Loafer.
"MR PORTER is the most innovative online men's shop in the world. It only made sense to bring our most innovative product to them. Upon seeing ZeroGrand, we immediately set to work with them to tailor ZeroGrand to the discerning MR PORTER customer," remarked David Maddocks, Chief Marketing Officer at Cole Haan.
Cole Haan partnered with MR PORTER to determine all details in this new iteration of dress and casual footwear. The result is a masculine palette that easily coordinates with every man's wardrobe. The styles all feature an Ivory outsole, which is a main characteristic within the collection.
Expanding on ZeroGrand's collision of innovation and craft, the unlined shoes use reverse full-grain uppers, a luxurious suede from the long-standing British tannery Charles F. Stead. Each lightweight pair in the collection makes for a perfect Pre-Fall choice, that easily transitions into cooler seasons. Originally launched in July 2014, ZeroGrand features Cole Haan's new "operating system," Grand.OS, which delivers greater flexibility, reduced weight and increased cushioning in products that move easily from work to weekend with ease.
"Cole Haan is an exciting new addition to MR PORTER, and we've worked with them to produce some exclusive styles on the new ZeroGrand sole unit. Our customer is always looking for something new, and this will be our first offering of a classic shoe x sneaker hybrid," says Sam Lobban, Senior Buyer at MR PORTER.
Available from mrporter.com starting August 26, the ZeroGrand Chukka ($278) will come in Ivy and Mushroom, the ZeroGrand Tassel Loafer ($268) will come in Mushroom and India Ink ($268), and the ZeroGrand Wing Ox ($268) will come in Ironstone and Black.
For more information, contact:
Kimry Blackwelder, Cole Haan
Nick Troedson, MR PORTER
+1 (212) 763-3060
+1 (852) 3018-6076
About Cole Haan:
Cole Haan LLC, with its Global Creative Center in New York City, is an iconic American lifestyle accessories brand and retailer of premium men's and women's footwear and bags, outerwear, eyewear and accessories with a commitment to craftsmanship, timeless style and design innovation. For more information, visit ColeHaan.com and follow @ColeHaan.
About MR PORTER:
MR PORTER is the award-winning global retail destination for men's style, combining the best international menswear with editorial content. The site sells over 200 leading international brands, with content and new products added weekly. MR PORTER offers express worldwide shipping to 170 countries (including same day delivery to London and New York), and a free collection service for returns and exchanges. For more information, visit mrporter.com.Read More »