Hong Kong shopping malls are creating space for Swedish brand Monki and U.S brands Gap, Forever 21 and American Eagle. All these brands are well known for affordable, fashionable trendy clothes. Others like H&M, Zara, Mango and Uniqlo have already established outlets in the city. So it is a foreign retail invasion and it will create good competition in the markets. Local brands will be pushed to compete for space and visibility, but it could be suicidal for economy. Well, most market watchers always feel globalization has done good both to local populace and the world. So let us hope Hong Kong will set a good example by opening doors to foreign brands of all kinds while encouraging local home brands to grow as well. by http://elitechoice.org/2010/12/06/foreign-fast-fashion-brands-invade-hong-kong-market/#more-31497 |
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