Through a new three-year sales and distribution deal with J. Roseroco New York Co., Vera Wang International is bolstering its retail presence in Seoul, South Korea.
As part of an ongoing expansion, the designer label plans to open nine retail outposts. Projected retail sales for this three-year stretch are $24 million, according to Susan Sokol, president of apparel for Vera Wang.
A freestanding ready-to-wear store is scheduled to debut late next year in the Chungdam Luxury area where Prada, Dolce & Gabbana, Louis Vuitton and other high-end stores already have units. In addition, a three-walled rtw store has opened in the Galleria East department store, and three others will debut at Samsung Plaza, Hyundai and Shinsegae by next spring.
Plans are also in place to roll out two Lavender Label shops next year and two more in 2010 at the Galleria West, Samsung Plaza, Hyundai and Shinsegae.
Vera Wang has developed a following for both labels since it started selling them through J. Roseroco's freestanding stores two years ago, Sokol said. Now the company aims to build on that and boost international sales, which account for 40 percent of its total business. Sales in Asia comprise 25 percent of that figure, said Sokol, adding, "Clearly, Asia is a strong and important market for our product."
Isabella Um, chief executive officer of J. Roseroco New York, concurred. "We have been working with the Vera Wang collections here in Korea for the past few seasons, and there has been an overwhelmingly positive response from customers," she said.
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive