New Development Bank pledges support for Egypt's development goals    Gaza death toll rises to 37,164, injuries hit 84,832 amid ongoing Israeli attacks    Egypt's Water Research, Space Agencies join forces to tackle water challenges    Egypt, Equatorial Guinea strengthen cooperation in security, trade, infrastructure    Egypt hosts first New Development Bank international forum in New Administrative Capital    Madbouly, Rousseff highlight Egypt's urban development success at NDB Forum    ECB needs to keep economy in check – Lane    Asian stocks mixed as Europe worries rise    New Zealand excludes farming from carbon pricing plan    Vietnam plans to ease gold import rules    EGP 44bn designated for domestic wheat purchases from farmers: Finance Minister    BRICS proceeds with national currency payment system    Turkey fines Google $14.85m over hotel searches    Egypt supports development of continental dialogue platform for innovative health sector financing in Africa: Finance Minister    Egypt's Labour Minister concludes ILO Conference with meeting with Director-General    BRICS Skate Cup: Skateboarders from Egypt, 22 nations gather in Russia    Pharaohs Edge Out Burkina Faso in World Cup qualifiers Thriller    Egypt's EDA, Zambia sign collaboration pact    Madinaty Sports Club hosts successful 4th Qadya MMA Championship    Amwal Al Ghad Awards 2024 announces Entrepreneurs of the Year    Egyptian President asks Madbouly to form new government, outlines priorities    Egypt's President assigns Madbouly to form new government    Egypt and Tanzania discuss water cooperation    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    Egypt to build 58 hospitals by '25    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



H&M asks Cairo to try on 'disposable fashion'
Published in Daily News Egypt on 24 - 04 - 2008

CAIRO: "Cheap chic, "fast fashion - pert monikers for Swedish clothier Hennes & Mauritz's (H&M) retail style abound.
Whatever the label, people are buying it: Since 2000, the chain has mushroomed through North America and Asia. Today they run over 1,500 stores in nearly 30 countries. Last year their revenues pushed 92.1 billion Swedish krona ($15.7 billion).
Now, after several years in the Gulf, the retailer is set to test its sartorial instincts in Cairo. Earlier this month M.H. Alshaya, the Kuwaiti firm licensing H&M's Middle East stores, announced that a two-floor, 35,000-square-meter shop will open in CityStars mall on June 5.
"Why is it coming now? Because Egypt finally opened up as a market to international brands, said one representative for Alshaya who asked not to be named due to company policies on talking to media about business matters. "The market seems very fashion-conscious, very international.
"Disposable fashion has become so popular, she said. "It's such a fast-paced environment. People don't really want to keep something for a very long time. They want something that's fashionable and trendy but at the same time they don't want to spend a lot of money.
Since 2006, H&M has opened 11 stores in Kuwait, Qatar and Dubai's famously audacious Mall of the Emirates. Cairo will make the 12th spot, with plans to unveil shops in Bahrain and Oman by the end of the year.
Alshaya, a private company over a century old, runs a number of brands in Egypt, including Next, Topshop, Foot Locker and Starbucks.
"H&M - they don't usually franchise, one source familiar with the brand said. "It's something they've done once because they wanted to enter the Middle East.
Generally, laws in Kuwait and other Gulf countries require international retailers to partner with a local company. And regulations in Egypt and other Arab nations are, of course, different from those of Europe and North America. A partner who can navigate labyrinth of local bureaucracies is often not just helpful, but necessary. Some technical snags have already delayed H&M's opening by several months. There are also local norms of decency to consider - and fashion can make for an exceptionally risqué brand of ads. Alshaya representatives said that while marketing H&M in Europe and the Middle East is mostly the same, occasional editing is needed here.
"We try to do a little retouching, said one representative. "We don't want to offend anyone.
H&M's clothes are made in hundreds of factories throughout the world, many in China. Everything sold in the Middle East is shipped through Dubai, the regional hub. No plans to manufacture in Egypt, where textiles are a central industry, have been announced.
The spotlight cast on Egyptian poverty by the April 6 strike and the food shortages that triggered it have garnered new attention for the entrance of upscale brands to Cairo recently, with some labeling it a sign of a widening gulf between the rich and poor, while others cite it as evidence of an ascendant middle class.
Last Sunday Egyptian Chronicles blogger "Zeinobia, 24, balked at the news that H&M and Juicy Couture, a high-end fashion name, will open in Cairo. "Look I do not hate that these fancy brands come and open branches in Egypt but now!!?? she wrote. "You know sometimes I feel that one day we will have a real hunger revolution, a very strong one that will make the 1977 protests a picnic. I feel that the first thing that will be destroyed is the CityStars mall.


Clic here to read the story from its source.