H&M may open in Singapore
Industry players say the apparel giant famous for its fashion-forward clothing at affordable prices is in talks with the new mall in Orchard Turn to open an outlet there.
The mall at the junction of Orchard and Paterson roads is set to open late next year. It is tentatively named Orchard Turn because of its address, 2 Orchard Turn. Its official name will be revealed later this month. (It is actually ION la)
.
.
.
But the word on the street is that H&M might be entering the retail scene here on its own, having turned down previous franchise requests from Singapore retailers.
An industry insider says some brands prefer to enter a market through a local franchise partner because of the latter's knowledge of the market and experience in real estate and logistics.
But the market in Singapore is relatively small, so international brands may decide to focus their efforts on larger markets, leaving operations to a local franchisee instead.
.
.
Helen Khoo, executive director of Wing Tai Retail which owns franchise rights to Topshop, Miss Selfridge, Karen Millen and Fox, says: "H&M's entry validates Wing Tai's confidence in the Singapore marketplace as an important and internationally vibrant fashion retail destination."
All's not confirmed all's not confirmed. Air fares + accommodation not very cheap and could prolly fly us to other continents lor. I feel bad to have mom to accompany me because I really want her to relax during her few days leave from work... Athough I really wanna go overseas but I really do feel bad about this but I told her I'm fine with not going. Think mom knows I'm a little upset because some of my friends are going overseas to shop. What's more I cann't join my family this coming holiday trip during my mid sem break because I reckon that my mid sem break will be filled with projects like the previous one. But anyway they'll be going even before my break.
No comments:
Post a Comment