WAL-MART'S CHINESE CONNECTION: Wal-Mart, hot on the international expansion trail, said its first two stores in China would open by mid-1995 and cost a combined $20 million to $25 million. Wal-Mart chairman...
WAL-MART'S CHINESE CONNECTION: Wal-Mart, hot on the international expansion trail, said its first two stores in China would open by mid-1995 and cost a combined $20 million to $25 million. Wal-Mart chairman S. Robson Walton, speaking Friday in Hong Kong, said the company would operate a 150,000-square-foot store in Shenzhen, the special economic zone located just north of Hong Kong, and a 118,000-square-foot unit in the eastern Pudong district of Shanghai. The Asian foray kicks off with the opening of three outlets in the northern suburbs of Hong Kong later this month. The stores are named Value Clubs, a banner Wal-Mart does not use in the U.S. Wal-Mart's partner in both ventures is CP Pokphand, a subsidiary of CP Group, a giant conglomerate in Thailand, which operates a supermarket chain, 420 7-Eleven outlets and eight general merchandise stores with Dutch retailer Makro. The U.S.-Thai team will control 70 percent of the project; the remaining 30 percent will be held by Chinese partner Shenzhen Development Co. For the Chinese outlets, the new joint venture hopes to source 80 percent of goods locally. American imports will make up the balance. In contrast, the Hong Kong stores will sell mostly U.S. merchandise; about 30 percent of goods will be supplied locally. Wal-Mart, the world's largest retailer, is projected to have sales of $85 billion this year. As reported, Wal-Mart last week announced a joint venture to build Dillard Department Stores in Mexico. Wal-Mart already operates 39 stores there through its partnership with Cifra, Mexico's largest retailer. The newest deal unites Wal-Mart/Cifra in a 50-50 partnership with Dillard's. Six Dillard's stores are slated to open in Mexico within the next two years, and 10 more are under consideration. Wal-Mart has already announced plans for expansion in Brazil and Argentina, and operates 122 units in Canada. These were former Woolco stores that Wal-Mart acquired from Woolworth Corp.
SEARS TUBES IT: The Sears Merchandise Group is getting into the act on television, and will be the retail sponsor of the World Music Awards, scheduled to air next May. Sears has entered into a sponsorship agreement with Television Production Partners, a new venture that is producing the award show and other special broadcasts. Sears is the only retailer in TPP's stable of advertisers.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)