85
Fashion Jobs
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
PUMA
Quality Engineer Cobra
Permanent · HO CHI MINH CITY
PUMA
Key Account Manager, Marketplace E-Com
Permanent · HO CHI MINH CITY
ON RUNNING
Head of Footwear Sourcing
Permanent · HO CHI MINH CITY
Published
Dec 23, 2016
Reading time
2 minutes
Download
Download the article
Print
Text size

Nike to stop supplying small Singapore retailers in 2017

Published
Dec 23, 2016

Nike will reportedly stop supplying smaller sports retailers in Singapore from January, 2017, in a bid to appear more appealing to larger retailers and boost online sales in the region.

According to the Business Times, several owners of smaller retail stores located in Singapore's Queensway Shopping Centre and Peninsula Plaza, see it as a huge blow, with the retailers relying on top-selling brands like Nike to attract customers.


Another motive behind the change could bepart of Nike's plan to grow its online stores in the region, said retailers

"Its move would force many of us, some of whom had been operating since the 1970s and 1980s, out of business soon," Gurbachan Singh, manager of sports retailer Salam & Sons, told the Business Times.

"We did business with Nike for more than 20 years. We followed their rules, never defaulted on payments nor brought in fake or parallel imports. Many of us don't understand why they are doing this to us," Singh added.

According to Mark Penu, managing director of Premier Sports International, which markets and distributes sports merchandise, Nike has made the move to butter up the major sports retailers and "to get into bed with the big chains like Weston and Sports Link," he told BT.

Another motive behind the change could be part of Nike's plan to grow its online stores in the region, said retailers.

Last year, Nike announced to investors its plans to grow online sales 600 per cent by fiscal 2020 to US$7 billion. Currently, e-commerce represents only 2 per cent of its total sales of US$30.6 billion, and Nike projects that portion to grow to around 14 per cent in the next five years.

Nike continues to command strong revenues on the Asian continent. Last quarter, Nike's sales in Greater China rose 12 percent to $1.06 billion in the latest quarter. Excluding the impact of currency changes, sales in the region jumped 17 percent.

Copyright © 2024 FashionNetwork.com All rights reserved.