Zara And Topshop Are Marching Into The Australian Market

It is reported that next spring, Zara and Topshop two brands will open their respective businesses in Sydney.

And their opponents H&M, UNIQLO and A&F followed these two successful examples to start locating in the busiest center of Sydney.

By September, Zara expects to have four stores in Australia, including second Sydney stores located in Westfield Bondi Junction (the sixth largest shopping mall in Australia).

Meanwhile, in October of this year, Topshop will open a store of 1800 square meters in Gowings building of Sydney Central Business District, which is also the brand in the store.

The first store.

Hilton Seskin, President of Topshop, told reporters that the company is considering opening another three stores in Australia next year.

"We are ready to talk about it and prepare for another two in Melbourne next year, and maybe Sydney will have another one," he said.

A report released by Morgan and Stanley shows that in the next three years, these brands will open more than 182 stores in Australia and get more than 1 billion 900 million dollars in turnover.

This will also exert great pressure on the landlords in Australia, forcing them to raise the rent for other small tenants.

It is understood that Zara has signed a fifteen year long contract with Westfield Bondi Junction, and Zara will be the home.

The rent is 2800 dollars per square meter.

However, for other small tenants who sign short-term contracts, the price per square meter will be more than three times that.