Cotton On to open first store in New York City

Fast-fashion retailer Cotton On is set to open its first store in New York City, located in Empire Outlets – an in-development outlet centre located on Staten Island, NY.

The outlet store will feature the brand’s women’s wear, menswear and accessories, and is expected to open in early 2019.

However, according to the AFR, Cotton On’s international business reported a loss of approximately $11.9 million for 2017-18, as opposed to its Australian business which saw a 20.4 per cent increase to $2.59 billion.

These figures potentially signal a healthy Australian business finding a difficult environment outside its local borders; with Cotton On’s international business comprised of its operations across regions such as South America, China, South Africa, the UK and the US.

Empire Outlets is set to be the New York’s first outlet complex, and will be comprised of 100 designer outlet retailers as well as a variety of restaurants and cafes.

“In our continued effort to secure retailers that don’t have a presence in the [Staten Island and New York] market this time we went as far as Australian to bring you Cotton On, the finest in fast-fashion outlet shopping,” Casandra Properties chief executive James Prendamano said.

Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.

Comments

Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Loading...

Inside Retail Polls

Retail Outlook 2019
How are trading conditions for you in 2019?

Twitter

Aligning your brand with a social or environmental cause that you and your customers truly care about is very good… https://t.co/r2IiOojtmc

1 day ago

How underpayments could lead to an overhaul in industrial relations. https://t.co/Ux3Mbd09Yh

2 days ago

The conglomerate's Officeworks and Bunnings businesses delivered earnings increases, while Kmart Group struggled to… https://t.co/bMFKAgdcZH

2 days ago
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered