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Fashi on r et ai l er s expectmor e compet i t i on as l eadi ng UK br andpr epar est ohi tt heSAmar ket . Sout hAf r i canf ashi onr et ai l er scanexpectmor ecompet i t i onwi t ht heent r yofBr i t i sh f ast f ashi onchai nTopshopi nt oSAl at eri n2012.Asr epor t edi nBusi nessDayon31 Jul y2012,t her ol l outofTopshopwi l lbegi nwi t ht hef i r stst andal onef l agshi pst or et o beopenedi nSandt onCi t ybyt heendofNovembert hi syear ,f ol l owedbyasecond st or ei nDur banbef or eyearend.Edgar swi l lal sost ockTopshop&Topmanpr oduct s i nt henewyear ,t her epor tsai d.Fol l owi ngonf r om t he2011i nt r oduct i onofZar at ot he SAcl ot hi ngmar ket ,Topshopwi l lputevenmor epr essur eonl ocalr et ai l er st oupt hei r game& begi nt oadoptt hei nt er nat i onal l ysuccessf ulf ast f ashi onmodelofcl ot hi ng r et ai l .Accor di ngt oNedgr oupSecur i t i esanal ystSydVi anel l o,i ti sunl i kel yt hatTopshopwi l lbet hel astgl obalf ashi onpl ayert osetupshopi nSA.“ Zar ast ar t edi t ,now comesTopshop.H&M wi l lpr obabl ybet henextoneont hel i ne.Anot hernamet hat ’ s beenment i onedi sNewLook” ,MrVi anel l osai d. TheFoschi nigr oup( TFG) ,whosebr andsi ncl udeMar kham,Exact ,Foschi ni ,DonnaCl ai r e,Fashi onExpr ess,Luel l a,DueSout h&Amer i canSwi ssamongot her s,hasal r eadyadopt edt hechangeandhasseeni mpr essi vegr owt hf i gur esasar esul t .TFGi ncr easedi t ssal esf ort heyearendi ng21Mar ch2012by17%,out per f or mi ngt her estof t hei ndust r yandgai ni ngsi gni f i cantmar ketshar eoveri t scompet i t or s.TFG CEO Doug Mur r aysayst hesuppl ychai ni ni t i at i vesunder t akenbyt hegr oupassi st i ngi nachi evi ng t heser esul t sbyenabl i ngTFGt omeett hedemandf orseasonal f ast f ashi onmer chan di se( FMCG Suppl i erNews31May2012) .I nor dert ocompet eef f ect i vel yandachi eve t heshor t erl eadt i mesr equi r ed,SAr et ai l er swi l lneedt omovet owar dsl ocalmanuf act ur i ng,TFG havi ngal r eadydonesowi t ht hei rr ecentpur chaseofl ocalmanuf act ur er Pr est i geCl ot hi ng. Anew di r ect i vef r om t heNat i onalTr easur ywi l lf ur t herenf or cet hi sasi ti ssuedani nst r uct i onon31Jul y2012or der i ngal lgover nmentdepar t ment s&st at eownedent er pr i ses t opur chaset hei rcl ot hi ng,t ext i l e,f oot wear& l eat herf r om l ocalmanuf act ur er s( Busi nessRepor t1August2012) . -Aug30t h,i f ashi on


The Collection September October  

Cape Clothing & Textile Cluster newsletter for September OCtober 2012

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