Asia Watch: Hong Kong Store Openings…Giordano Down…Falling Confidence…Scavia Expands
HONG KONG STORE OPENINGS: Anya Hindmarch has opened its first flagship in Hong Kong’s prestigious Landmark mall, located in the busy Central district, and is currently showcasing the latest summer essentials. Across the street in...
HONG KONG STORE OPENINGS: Anya Hindmarch has opened its first flagship in Hong Kong’s prestigious Landmark mall, located in the busy Central district, and is currently showcasing the latest summer essentials. Across the street in D’Aguilar Street, people are taking a shine to Carat, a jewelry store that uses the latest technology in diamond simulations to produce stones that are difficult to distinguish from the real thing — unless you look at the price tags. In the Pacific Place mall, just minutes away, Hogan has opened its first boutique, while over in Tsim Sha Tsui on Kowloon, the newest Celine boutique has opened with much fanfare. This is the first Celine store in Asia to feature a two-level facade and 3,300 square feet of retail space, which is currently being used to display Michael Kors’ fall-winter 2003-2004 collection. — Sally De Souza
GIORDANO DOWN: Giordano International, the owner of one of Asia’s biggest casualwear retail chains, reported a worse-than-expected 46 percent drop in first-half net profits to $12.6 million, which it blamed on the aftereffects of the SARS epidemic. Hong Kong contributed 22 percent of retail and distribution sales, while 25 percent came from the Chinese Mainland and 19 percent from Taiwan. Chairman and chief executive Peter Lau said SARS had made the business environment one of the most challenging in the group’s history. However, he is optimistic that the Hong Kong operations will pick up in the second half of the year, particularly as Mainland visitors are now allowed to visit the territory on an individual basis, rather than only on group tours. Lau also expects Giordano’s business in South Korea to turn around for the year ending December 2004, and the company will continue operating businesses in Japan and Australia. — S.D.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)