Zara, Topshop And Other Brands Vigorously Expand The Sydney Market.

It is reported that next spring,

And Topshop two brand will open their own large stores in Sydney, and their rivals H&M, UNIQLO, A&F will follow 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

It will open a 1800 square meter store in Gowings building, Sydney's central business district, which is also the first store in Sydney.

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

Exclusive shop.

"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 pay $2800 per square meter for the shop.

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