Retail in Asia

In Shops

Ralph Lauren targeting 60 new stores for China

Fashion conglomerate Ralph Lauren aims to open about 60 new luxury stores across China over the next three years, after about 95 retail shops were closed in the market as part of a restructuring in the fiscal year to March.

The New York-based company, founded in 1967 by fashion designer Ralph Lauren, estimates that about a third of its USD360 million budget for capital spending in the current fiscal year will go to building its Asia-Pacific retail distribution network.

Most of that regional expenditure will be used to develop new stores on the mainland and in Hong Kong, Macau and Taiwan.

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(Source: scmp.com)