The Children's Place announced that it's signed a 10-year franchise agreement with Fawaz A. AlHokair & Co. SJSC, known as "Fashion Retail," to open stores across Saudi Arabia. The first two stores are scheduled to open during the second quarter of 2012. Jane Elfers, president and CEO of The Children's Place, stated, "We are very excited to begin our international expansion beyond North America with a number of stores opening in Saudi Arabia this year."
A report released by A.T. Kearney showed that Brazil is once again first among developing countries for global retail expansion. A.T. Kearney’s Global Consumer Institute’s 2012 Global Retail Development Index (GRDI) ranks the top 30 developing countries for global retail expansion. Brazil, which topped the list for the second year in a row, was followed by Chile, China, Uruguay and India. Botswana (No. 20) entered the GRDI ranking for the first time, signaling regional growth and the future of Africa as a significant consumer market.
True Religion Apparel plans to open 25 new stores in 2012. Ten of the 25 new stores are slated to open in international locations, and the company is negotiating to open in more markets across Europe and Asia.
American Eagle Outfitters recently opened stores in three new international markets — Morocco, Jordan and Egypt. The retailer opened its store in Jordan at the Taj Mall on Nov. 30; the Morocco store opened in Casablanca at Morocco Mall on Dec. 1; and the Egypt store opened in Cairo’s City Stars Mall on Dec. 10.
An interview with Margaret Moraskie, vice president of e-commerce at the the women's apparel and accessories catalog/multichannel retailer Boston Proper.