NEW YORK -- Liz Claiborne will expand its overseas retail program this year, adding 14 countries to its roster of 28.
Robert Bernard, president of Liz Claiborne International, who spoke on global trends in retailing at the National Retail Federation Convention here Tuesday, said the company's international retail ventures include in-store shops, selling to other retailers and plans for about 20 freestanding Liz Claiborne stores by the end of the year. The company now has about eight, he said.
Among the countries in which it will open, he said, are China, United Arab Emirates, South Korea, Costa Rica, Mexico, Malaysia, Sweden and Indonesia.
Claiborne opened its first international freestanding store in Singapore in December 1992. It had a first-year volume of $5 million. Its international retailing began in Canada in June 1988, Bernard said. He noted that international business accounted for roughly 5 percent, or $110 million, of its estimated $2.2 billion in total sales last year.
Bernard added that other apparel companies should consider options -- whether as retailers, wholesalers, in franchises or joint ventures -- to make the most of international expansion.
Bernard was joined at the NRF seminar by Alfred F. Lynch, president and chief executive officer of J.C. Penney International, which operates in five countries and is exploring expansion in several key areas.
The executives spoke about opportunities for American companies to take their retailing concepts abroad.
"We've studied potential markets to determine a broad acceptance of American products and enough critical mass to support many locations," Lynch said.
He advised retailers to match their strengths to the needs of the market. As an example, he cited strong international awareness of Penney's private brands and its vast global sourcing abilities as ways to maximize foreign sales.
He said in many other countries there are no department stores, and mall developers abroad are looking for anchor tenants.
Lynch said he feels the biggest opportunities now exist in Latin America and Southeast Asia.
He added that Mexico is the gateway to South America, and he pinpointed Chile, Argentina and Uruguay as having strong potential for American retailing. He emphasized Chile in particular, since it has very open trade regulations and, he said, is a good example to its South American neighbors.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"