ER0041CP. MLIP1613 0002. Free trade zones - Doing Business in China. The UK is cooperating closely with the Chinese authorities on the development of Free Trade Zones (FTZs) in Shanghai, Fujian, Tianjin and Guangzhou. The new pilot Shanghai FTZ has the potential to change the way UK companies operate in China. Tianjin Free Trade Zone Finance-related innovation in this northern marine hub is likely to focus on financial leasing, but there will also be an emphasis on high-end manufacturing and the regional integration of Tianjin, Beijing and Hebei.
It is recommended that members in marine transportation (in particular, cruise liners and yachts), logistics, trading, finance, advanced manufacturing and legal and professional services keep a close eye on future announcements here. BackgroundThe Tianjin park contains three areas: Binhai New Area Central Business District, Dongjiang Bonded Port Zone and Tianjin Port Bonded Zone (including the Airport Economic Zone). At 260 sq km, it is currently nine times the size of the Shanghai zone. Guangdong Free Trade Zone. Chinese Market Entry | B2B International. The challenge of China market entry has become an increasingly important one of Western companies of all shapes and sizes. Despite a difficult economic climate in Europe and the United States, China’s economy has continued to grow by double-digit rates over the last couple of years. With the country poised to overtake the US as the second largest global economy by 2020 and destined to remain an engine of global growth for the next decade, understanding how to enter large and complex market has become critical to most companies in the B2B sphere.
Within China, rapidly changing demographics, rising incomes, increased consumer spending and an increasingly open business environment have all helped to make the Chinese market increasingly attractive to Western businesses across a variety of industries. Similarly, declining sales in their home markets has forced many US and European companies to relocate China firmly to the centre of their long-term global growth strategies.
Choosing A Location. China Market Entry Strategies. Spending soars in china. Style and influence. The future of fashion. Bricks and mortar revolution. Chinese menswear market. LSN : Behaviours : Bricks-and-mortar revolution. LSN : Behaviours : The future of fashion. LSN : Behaviours : Spending soars in China. Apparel and Footwear in China. China Country Profile. Chinas Population Will Experience Slowing Growth and Rapid Ageing. Economy Finance and Trade China. Jeans in Hong Kong China. Economy Finance and Trade China Heightened Capital Flight is a Key Risk China Faces. Monthly Economic Review of the Chinese Economy March 2017 Update. Mintel New Look report. Menswear in China.
Menswear Retailing - China - 2016 : Consumer market research report. Table of contents Companies Covered To learn more about the companies covered in this report please contact us. 4 Things You Should Know About the Menswear Market Right Now. On Thursday, Womenswear Daily mixed things up by holding a — wait for it — menswear conference. The event, held on the Upper East Side of Manhattan, drew designers like Todd Snyder and Stuart Vevers of Coach, retailers like Saks Fifth Avenue and newcomers from the startup world like Frank & Oak. With New York Fashion Week: Men's coming our way in July, there's no better time to study up on the menswear market.
Here are four things we learned from the panelists and speakers at WWD's event. 1. Men will pay more for products than retailers are currently charging. That's according to Greg Petro, the president and CEO of First Insight Inc, an analytics company that provides predictive data on products that haven't gone to market yet. During the men's fashion shows in Milan, First Insight asked consumers which items on the runway they preferred and how much they'd be willing to pay for them. 2. 3.
"Is a guy more comfortable carrying a bag today? 4. "It is a super exciting time. Chinese Men Loosen Up | Global Currents | BoF. LONDON, United Kingdom — Last year, China’s luxury market dipped 2 percent to CNY113 billion (about $17.2 billion). The chief culprits? Declining sales of menswear, watches and leather goods, according to Bain & Company. For luxury menswear purveyors like Zegna, Dunhill and Hugo Boss, all of which moved into China in the ‘90s and rely on the region for a significant part of their businesses, this is bad news. Last year, Zegna’s sales in China — the company’s largest market — fell 5 percent, while Hugo Boss’s China sales fell 2 percent in local currency, dragged down by poor menswear sales, which declined by a double-digit rate for the second consecutive year.
However, there are a few bright spots in China’s menswear market, which was worth CNY492 billion ($74.9. billion) in 2015 and is predicted to reach CNY585 billion ($89 billion) by 2020, according to Euromonitor. Zara menswear | Source: Zara For formalwear labels, the picture is more complicated. The Menswear market is booming in China - Fashion China. Menswear in China. New Report Guarantee If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Menswear accounted for a 37% value share of overall menswear and womenswear in 2016, and saw slower value growth than womenswear in this year. Compared with womenswear, menswear has fewer varieties, with few men closely following international fashion trends, leading to less frequent purchases.
Moreover, the government’s anti-corruption campaign severely dampened the growth of high-end menswear in 2016, in addition to the overall economic slowdown in China. Besides, to boost sales some manufacturers provided special offers and discounted prices, resulting in reduced profits and decelerating value growth. Heilan Home maintained its leading position in menswear with a 5% value share in China in 2016, benefiting from its booming number of franchised stores and successful marketing campaigns. Overview Why buy this report? Samples (FAQs about samples): Mintel Menswear 2016: men are shopping more, prefer sportswear to suits and are quality and tech driven - The Industry London. Menswear growth is outstripping womenswear, more young men are shopping for themselves in-store than young women, sportswear is more appealing than suits, quality and innovation matter to men, and there is great opportunity in the plus-size and over-45s market.
These are the key themes to emerge from leading market intelligence agency Mintel’s latest report on the menswear market. Key statistics from the report have been released ahead of the official kick off of London Collections Men tomorrow (10 June). Growth of menswear market outpaces womenswear: In 2015, the men’s clothing market grew by 4.1% to reach £14.1 billion, up from £11.4bn in 2010. Mintel senior fashion analyst Tamara Sender said: “In response to men showing a greater interest in their appearance, retailers are expanding menswear ranges, and more designers are debuting men’s clothing collections. Whistles is just one retailer to launch standalone men’s stores Men more likely to buy sportswear than suits.
New Look embarks on major menswear push as China expansion ramps up. High Street fashion chain New Look said it plans a major push into menswear this year after poaching Christopher Englinde from rival H&M. The news comes as the company revealed a boost in sales and chief executive Anders Kristiansen said its expansion into China is moving faster than expected. He said: “I’m very bullish about the future. If you look at China, we had 19 stores by the end of March. By the end of May we have 30 stores and we’ve got another 40 in the pipeline. “The move into menswear is also important for us and the fact we’ve taken on Christopher as director of menswear shows how serious we are.” New Look was bought by private-equity firm Brait for £1.9 billion last month, and the new owners were rewarded with UK like-for-like sales up 5% and online sales rising 34%.
Expansion: New Look has another 40 stores planned for China (Picture: New Look) Total revenues hit £1.41 billion, up 3.4%, with pre-tax profits more than doubling from £20.7 million to £50.6 million. New Look to focus on menswear stores and China as revenue grows under new ownership. The fashion retailer was bought by South African private equity group Brait for £780m, which resulted in it receiving a valuation of £1.9bn. Anders Kristiansen, CEO of New Look, which has over 800 stores in 21 countries, said at the time that its new owner provided the “perfect platform to continue our strategy of growth the New Look brand in the UK, Europe and China”. - Advertisement - Loaded: 0% Progress: 0% With the deal revealed in the middle of the company’s first quarter, New Look has said its revenue rose by 4.3 per cent in the period to reach £369.8m, while UK sales grew by 4.1 per cent.
The web was a solid channel for sales as its own website experienced a 38.7 per cent trading growth, while third party online transactions grew by 27 per cent. Read more on the fashion industry: In order to strike while the iron is hot, New Look plans to go beyond its traditional women-centric roots and open five standalone menswear stores this year. By Zen Terrelonge. Menswear sales and Chinese expansion boost first half for New Look. Like-for-like sales in the UK - which strip out the impact of new stores opened during the year - rose by 4.7pc. Mr Kristiansen also reported "successful progress" in China and said that he was "very optimistic" about New Look's future in the country, where the retailer has 52 stores and plans to open a further 33 by March.
He added that lower cost fast-fashion retailers were likely to be more resilient to the country's economic woes than high-end brands, which are struggling in the world's second biggest economy. "Most retailers find it really hard to crack into the Chinese market, but we value fashion. There aren't really any other value-brand fashion retailers in China today. "We sell jumpers for £10, not luxury bags for £2,000. Footfall into shopping malls will go down, but consumers will turn more to us. " Chinese consumers spent £5.86bn online during the 24-hour period in 2014 and are expected to smash that record this year.
Black Friday kicks off in. New Look to ramp up China expansion amid 'appetite for British fashion' | Business. New Look is to step up the pace of store openings in China under its new owner Brait, the investment company controlled by South African tycoon Christo Wiese. The fashion chain intends to open 80 stores this year, compared with the 60 previously planned, and the vast majority of those will be in China.
New Look has 30 stores in China, up from 19 at the end of March, and has signed up 40 of a planned 70 new outlets this year. A further 10 will open in Poland and France over the financial year, while only replacement stores are planned in the UK. “This is a great story of a British brand which has been successful in China. There is an appetite for British fashion there,” Anders Kristiansen, the chief executive, said. He said Brait, which will complete its buyout of a 90% stake in New Look on 25 June, would help the business “go faster”.
Investment in linking stores and online services also paid off. New Look to open 20 menswear stores as expansion gathers pace | Business. New Look plans to open up to 20 menswear stores next year as investment from the South African tycoon Christo Wiese helps the British fashion retailer increase the pace of expansion. The chief executive, Anders Kristiansen, said the company, bought by Wiese’s Brait investment firm in May, would open the stores in major cities including London, Birmingham, Newcastle and Leeds after a successful trial this year. “The performance has surprised us. In our main stores we always struggle to deliver the same sales per square foot on menswear as on womenswear but the menswear stores have done very well ... We have built credible stores with a real masculine feel – and men have not seen something like this so are buying more than usual,” he said.
The push into menswear comes after a strong half year for the group. Kristiansen said New Look had increased market share as it attempted to improve ranges and lower prices on many items. The company is accelerating its expansion in China. New Look to expand in China & France with new standalone menswear stores - Fast fashion retailer New Look is taking advantage of its popularity in menswear by opening 25 new stores in the next five years – including a batch of standalone menswear stores in China and France over the next 12 months. While the store split between the UK and overseas is not yet known, the retailer currently going through exceptional growth in China where it has had like-for-like growth since entering the market at the start of 2015. New Look first launched standalone menswear stores almost a year ago and has quickly garnered a reputation as being a leader in the trend of standalone high street menswear stores.
RELATED: New Look records "continued progress" across the board Online retailer Boohoo launched a standalone menswear site in April while Net-a-Porter recently revealed its own-brand menswear label. New Look exec Steve Challes: stores in China 'very important' | News | Retail Week. New Look profits and sales rise as China expansion drives growth | News | Retail Week. New Look to open menswear stores in China and France in next five years | News | Retail Week. Store gallery: New Look targets menswear market with standalone stores | Store gallery | Retail Week.
q3 ytd fy17 pr 07 02 2017. Fy16 annual report. 4 Things You Should Know About the Menswear Market Right Now. New Look Mens spring 2015 campaign by Louise Samuelsen / grooming Gudrun | Filter ManagementFilter Management. New Look SS15 mens campaign by Louise Samuelsen Makeup by Gudrun | Filter ManagementFilter Management. New Look Winter Mens campaign by Louise Samuelsen | Filter ManagementFilter Management.