Shopping Center Business

MAY 2016

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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Page 84 of 358

RETAIL REVIEW 80 • SHOPPING CENTER BUSINESS • May 2016 the Group's casual, laid back spirit and authentic Australian heritage, " says Pan. While each location works off a sim- ilar theme, Pan notes that the specifcs are always changing to cater to the con- stantly shifting preferences of the con- sumer. "With customers leading more fast paced, digitally-driven lifestyles, they are more exposed than ever before to what's happening around the world and have greater expectations regarding their in-store experience," says Pan. "As a result, our store development and construction teams work hard to say abreast of indus- try trends, delivering concepts that are exciting and innovative while pushing the boundaries of traditional retail." The latest innovation by the company is a megastore format, which allows con- sumers to shop across the entire suite of Cotton On Group brands in one location. "Our megastores have proved to be a fa- vorite with our customers international- ly," says Pan. "As a result, we now have 140 megastores operating across Austra- lia, New Zealand, South Africa and Asia." Cotton On also places value on par- laying the brand's success into philan- thropic efforts, particularly in Africa. "As a business, we are passionate about not only providing fulflling careers for our people, but offering them the opportu- nity to give back and make a meaningful contribution to the world through our philanthropic arm, the Cotton On Foun- dation," says Pan. "Through the support of our people and customers around the world, the foundation has raised $50 mil- lion for communities in southern Uganda, and others globally." The brand is focusing on continuing to expand its presence throughout the U.S. "The U.S. is a critical part of our interna- tional growth strategy, and our near-term focus is to double the business over the next three years, with an additional focus on the West Coast," says Pan. "Since en- tering the U.S. fve years ago, our brands and products have resonated extremely well with the local market, and we've experienced positive, comparable-store sales growth every year." SCB The interior design of Cotton On stores utilizes raw, natural materials including solid timber and concrete foors to refect the group's laid back spirit. DISNEYIG.COM | 214.706.9322 DIG THIS LANDMARK TRANSACTION PUSHED DIG PAST $2 BILLION IN SALES DISNEY INVESTMENT GROUP IS PLEASED TO ANNOUNCE THE SALE OF SHOPS AT THE GALLERIA A 537,684 SQUARE FOOT REGIONAL POWER CENTER IN AUSTIN, TX

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