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RTW|Business of Fashion
Market: India India Market Focus:
Desigual now available on Jabong.com Premium Spanish brand, Desigual will be available on India’s fashion and lifestyle e-store Jabong.com...
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resent in over 71 countries worldwide, Desigual offers collection for men, women and kids in apparels, footwear and accessories segment. Jabong.com is now the authorized online sales partner for Desigual in India. Arun Chandra Mohan, co-founder, Jabong.com commented, “We are extremely delighted to tie up with Desigual. We are the exclusive online partner for Desigual in India and our constant endeavor is getting the new range of product lines to our customers. The fashion apparel market in India is growing tremendously, therefore we see a huge market potential for international brands in this segment.” Jordi Balsells, Vice President AP, Desigual said, “It gives us immense pleasure to introduce Desigual in India, Retail in India has grown by 43% and reached till 60% penetration among online users, but is still below world average. This shows the huge potential that the retail category holds in India with online retail filling the distribution and convenience gap. We look forward to the association with Jabong.com.”
Market Focus: Latin America
Gap announces plans to open first Gap stores in Brazil Sao Paulo and Rio de Janeiro among first locations...
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ap Inc announced plans for the first stand-alone Gap stores in Brazil as part of the company’s continuing global expansion strategy. The brand signed an agreement with Tudo Bom Comércio Ltda. for the planned opening of the first stores in the Fall of 2013. The plan to expand its store base in the country over the next five years, is a part of its strong platform of growth in the Brazilian retail market. “Brazil is a critical next step in our global expansion strategy and we are excited to introduce our store experience to customers,” said Stefan Laban, Managing Director of Strategic Alliances, Gap Inc. “Given that Brazil is the fifth largest country in the world and the largest Latin American economy, we feel that this market provides us with an incredible growth opportunity.” The first Gap stores will open in Sao Paulo, the country’s largest city followed by Rio de Janerio. The stores will house Gap, GapKids and BabyGap collections. Gap Inc. has significantly expanded the international reach of its brands since launching its first franchise operated store in 2006. Over the last six years, Gap Inc. has substantially grown its
store base and recently opened its 300th franchise store. Gap Inc. franchise stores can be found in 40 markets throughout Asia, Europe, Latin America, the Middle East and Australia.The expansion into Latin America began in 2011 with Gap Inc.’s first stores launching in Santiago, Chile. Most recently, Gap Inc. opened its first store in Uruguay and now has a presence in five Latin American countries, including Panama, Colombia and Mexico. Gap Inc is also conducting market research in India as part of a plan to open retail operations in the future. The brand’s interest in the Indian market comes with the recent Foreign Direct Investment opening where the single-brand retailers can operate wholly-owned units. Gap currently operates in India through a liaison office, The Gap International Sourcing India Pvt. Ltd., which sources woven fabrics both locally and from other countries in the Asia-Pacific region.