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How GMG plans to win Southeast Asia’s sports retail market

Inside Retail

Southeast Asia as key market We see Malaysia as a prime opportunity, given its status as one of Southeast Asia’s largest and most developed economies,” Mohammad A Baker, CEO of GMG, told Inside Retail. In 2022, GMG further strengthened its position by acquiring Nike-only stores from SUTL Corporation in Singapore and Malaysia.

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Mango Plans to Operate 42 U.S. Stores by Year End, 20+ More in 2025

Retail TouchPoints

one of its three main markets by 2026, Mango plans to operate 42 stores in the country by the end of 2024. The apparel retailer also plans to open more than 20 locations next year, primarily in the Sun Belt and Northeast, according to CNBC. Moving toward its goal of making the U.S. stores by the end of 2025.

Planning 173
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Steve Madden Buys Kurt Geiger for $364.1 Million

Retail TouchPoints

store last month , with another five in development and plans to eventually operate 50 locations in the region. The Steve Madden board of directors has unanimously approved the transaction, which the company plans to fund with a combination of committed debt financing and cash on hand.

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Five Below Plans to Convert 400 Stores to Higher-Price Format

Retail TouchPoints

Five Below , the value retailer targeting the tween and teen markets, plans to open more than 200 stores during its fiscal year 2023, which ends in January 2024, and convert more than 400 stores to its higher-priced Five Beyond format. 30, 2022 through Jan. The retailer’s Q4 and FY 2022 will end on Jan. 28, 2023.

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Lululemon Plans 30+ New International Stores with Majority in Fast-Growing China Market

Retail TouchPoints

The company is planning to open 50 net new stores this year, and 30 to 35 will be international, with the majority located in China. International growth also was likely helped by recent investments in Spain , where the company opened two stores and launched a dedicated ecommerce site in September 2022. billion and $2.17

Planning 278
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UNIQLO Parent Plans 300-Store Global Expansion with Focus on North America

Retail TouchPoints

Fast Retailing , parent company of brands including UNIQLO and Theory , revealed major global expansion plans — including opening at least 300 new stores — in its FY2023, which ends in July 2023. We are set to open our new UNIQLO Regent Street Store in London in April 2022. YoY and operating profit rose by 49.7%

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Mattress Firm Puts IPO on Ice, Citing Market Volatility

Retail TouchPoints

Mattress Firm has withdrawn its plans for an IPO this year, according to documents filed with the SEC. The move has prompted some analysts to surmise that Mattress Firm might instead now be open to an acquisition, with Tempur-Sealy International seen as a prime buyer, according to Wedbush Securities.

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