VF Franchise Consulting

Marimekko Asia continues expansion

Aug 21, 2015

7) Marimekko Capitol Piazza Singapore (Facade night )main

Finnish homewares retailer Marimekko says it will stick to its Asia and Middle East expansion program despite declining profits.

“We continue our expansion in line with our internationalisation strategy, particularly in the Asia-Pacific region,” said Marimekko president Tiina Alahuhta-Kasko.

“This year, new markets have opened up in Bangkok and Singapore as well as Dubai in the Middle East. Deliveries to Japan and the rest of Asia were on a good level in the second quarter, although sales for the whole year are forecast to be lower than in 2014.”

Marimekko has reported a net sales growth of six per cent globally in the six months to June 30, to euro 43.6 million, driven by new stores and the development of discount outlet stores and an online shop in Finland, together with the stronger US dollar.

Besides building its Marimekko Asia operations, the company is focusing on its eCommecre offer.

“The development of digital business is an important part of the current stage in our strategy,” explained Alahuhta-Kasko.

“The trend in our online sales has continued to be positive and we will continue to focus on enhancing the customer experience to make it even more inspiring and more seamless between our online and offline stores. As part of this process, we are also updating our store and service concept.”

Source: insideretail.asia

Related Posts: Major Cineplex plans Laos rollout

 The 20 fast food chains that rake in the most money

 Ikea opens compact concept in UAE

 Costco closes in on France

Carl’s Jr. Opens First Restaurant in India

Max’s Group takes Yellow Cab Pizza to UAE

International Dairy Queen Opens First Location in Kuwait

Smashburger Announces Plans To Expand Non-Traditional Restaurant Presence In Airports

Domino’s Opens 12,000th Store

McDonald’s make Minions

Ahold eyes A&P

Major obstacles restaurants must face in ASEAN Franchise

Local Focus

Fast food giants licking their lips over partnership options

[ Go back ]

Franchise Opportunities