299
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
Published
Oct 10, 2016
Reading time
3 minutes
Download
Download the article
Print
Text size

Australia, New Zealand fashionable targets for global retailers

Published
Oct 10, 2016

More than 90 international fashion and lifestyle groups are seeking to roll out stores in Australia with 50 retailers eyeing New Zealand, according to a new CBRE report.


Australia is increasingly becoming a retail hotspot for global retailers, says CBRE - DR


The research firm's '​Pacific Retail: International Brands Driving Change' report, highlighted that a total of 1.6 million square metres of retail space – or around 1,800 stores, could be sought by international retailers in Australia alone over the next five years.

The report also tips that there will be a shift in the type of international retailers entering the region.

The head of CBRE’s Pacific Retail Occupier team, Tim Starling, said luxury retailers were the largest group to enter the pacific last year and this trend was expected to continue for a further two to three years. However, a slow-down was then expected as these groups approach their store targets.

“Over the next five years, we expect mid-range fashion and specialist clothing brands to show a rising contribution to brand entry rates in Australia and New Zealand,” said Starling.

“These retailers will have a more wide-ranging impact than the luxury brands, as they tend to focus only on CBD or prime regional centre locations.”

Th retail landscape in Australia and New Zealand has already undergone significant change, with the arrival of international brands having driven up CBD rents, leading to regional shopping centre redevelopments and the activation of new retail precincts in both countries.

CBRE’s Head of Research, Australia, Stephen McNabb said a strong preference for international brands, food and beverage and retail-tainment from the younger demographic was supporting this change, as was an increase in tourist arrivals from China.

Chinese tourist arrivals have tripled in Australia and quadrupled in New Zealand over the past decade, which is supporting retail trade, particularly in the major CBD markets.

“Chinese tourists not only spend more per visit, but they also have a higher appetite for goods purchase to take home, as opposed to western tourists,” said McNabb.

“Another market driver has been Australia and New Zealand’s consumption per capita, which has grown at twice the rate of the U.S. over the past decade. This has contributed to the sales productivity of some international brands being among the highest in the world which, coupled with low international brand penetration rates, is making this region highly attractive.”

The National Director of CBRE’s Retail Services Group, Alistair Palmer, said report also highlighted that international retailers were increasingly viewing the pacific as one region.

“Previously, international retailers focused on Australia followed by entry into New Zealand, usually after a few years,” said Palmer.

“Recent developments indicate that international retailers increasingly view the Pacific as one region, with an initial target of the three main gateway cities of Sydney, Melbourne and Auckland followed by secondary cities in both countries. This is evident by the international penetration rate of Auckland being on par with Brisbane but growing at a more significant pace, on par with Sydney, in the past year.”

One of the downsides for domestic retailers has been a significant increase in competition for sites and a related increase in rents.
However, CBRE’s Viewpoint tips that displaced domestic retailers could increasingly seek secondary centres and this will have a positive impact on centres and locations that currently struggle as a result of low retailer demand.

While there's been a pick-up in activity in recent years across Australia and New Zealand, the international brand penetration rates in A the two nations remains low relative to other developed nations.

The penetration rate in Australia is 28% - low relative to countries such as China, Singapore and Hong Kong, all of which have penetration rates in excess of 45%.

New Zealand’s penetration rate is even lower at 16% - highlighting significant catch-up potential in both countries.

Copyright © 2024 FashionNetwork.com All rights reserved.