Sunday, August 5, 2012

Fashion Flash; H&M closing its flagstore in Hongkong


Today's post is just a short post about what is going in the fashion industry. Yes, I am talking about what's making the headlines in fashion biz, particularly about H&M.

Recently Swedish fashion retailer H&M has decided to shutdown their flagship store in Hong Kong. The reason why they are going to shutdown their flagship are due to the rising rent prices. Hong Kong is one of the world's most expensive place for retail rent with almost $4000 per square foot. Currently, the 30.000 square feet flagship store is under pressure because the new rent now surmounts to almost $1.4 million a month which may possibly make the store unprofitable. The store will close on Fall 2013.

The new tenant for the store is now Zara. Another fashion retailer that is know for it's massive clientele and possibly H&M's major competitor. The Spanish fashion retailer has agreed to pay rent of $1.4 million almost twice of what H&M is paying.

Anyway here's another my currently favorite song!
OWL CITY & CARLY RAE JEPSEN - GOOD TIME


15 comments:

  1. hey sweetie:)
    nice post:)
    Your blog label is amazing!
    I have now a contest in my blog for blogspot labels:)
    If you want you can take part,you look a very creative person!
    http://xouxounitsa.blogspot.com
    xoxo

    ReplyDelete
  2. Fantastic shops :) In Poland there is only small :<

    ReplyDelete
    Replies
    1. nyaw you should visit HK someday!

      Delete
  3. thanks for sharing the news
    that flagship space is huuugee
    i have followed you a while back

    xoxo
    join Cotton ink voucher GIVEAWAY

    ReplyDelete
  4. O this is so sad to hear!! I still haven't visit the H&M in hk yet :( hopefully I will back in time before it closes!!

    ang-closet365.blogspot.ca

    ReplyDelete
    Replies
    1. you have to visit!! it's 4 floors full of clothes!!

      Delete
  5. this is amazing!
    http://fashion-babel.blogspot.com
    new post here!

    ReplyDelete
  6. Hey thanks for the news! Thats quite sad to hear. But there is still h&m in hong kong right? So now there will be Zara.... I like h&m more since Zara is more expensive but I think they should manage. x

    http://kreamiblush.blogspot.com

    ReplyDelete
    Replies
    1. yes there is still h&m in hong kong:]

      Delete
  7. aww this is really sad to know that H&M flagship store is going to be replaced by zara - it was the biggest H&M store there afterall.
    would you like to follow each other?
    A
    xx
    http://epiquemoi.blogspot.com

    ReplyDelete
  8. Hey Lady!! I just came across your cute blog and I'm your newest follow! I'd also love to invite you to check out a fabulous TRIPLE GIVEAWAY I'm having right now!

    Hope to see you there, and thank you so much!

    xo

    http://emilymmeyers.blogspot.com/2012/08/triple-winner-giveaway.html

    ReplyDelete

please do comment! it'd mean so much!
and don't forget to follow my blog :]
thank you <3

Related Posts Plugin for WordPress, Blogger...