The purpose of this paper is to explore how the evolution in retail landscape had affected the growth of fashion retail and had ignited the changes in customer preference on types of retail outlets to patronage when shopping for their fashion items. The focus is on two types of fashion retail business formats in Malaysia; the fashion specialty stores and the department stores which their respective business trends were seen growing at the opposite directions in the recent years globally. This paper will discuss the issues and trends faced by these two retail formats that led to the rapid sales growth of the fashion specialty stores and the declining trend suffered by the department stores.
Aeon Co (M0 Bhd Annual Report 2017. Retrieved from http://www.aeonretail.com.my/corporate/investor/annual/
Barnes, L., and Gaynor. L.G (2006). Fast fashioning the supply chain: Shaping the research agenda. Journal of Fashion Marketing and Management 10 (3): 259–71.
Caro, F. & Mart?nez-de-Albeniz, V. (2014) Fast Fashion: Business Model Overview and Research Opportunities. Retrieved from: http://personal.anderson.ucla.edu/felipe.caro/papers/CaroMartinez-de-Albeniz2014_BookChapterFastFashion.pdf
H&M Group Annual report 2017. Retrieved from: https://about.hm.com/en/investors/reports.html
Kotler, P., & Armstrong, G. (2012), Principles of Marketing, Global edition (15th ed.). Harlow, England: Pearson.
Lewis, B.R, and Hawksley, A.W (1990). Gaining a competitive advantage in fashion retailing. International journal of retail and distribution marketing, 18 (4), pp 21-32.
Macy’s Inc. Annual reports 2014, 2015, 2016 and 2017. Retrieved from: http://www.annualreports.com/Company/macys-inc
M&S Annual reports 2014. Retrieved from http://annualreport2014.marksandspencer.com/
M&S Annual reports 2015. Retrieved from http://annualreport2015.marksandspencer.com/
M&S Annual reports 2016. Retrieved from http://annualreport2016.marksandspencer.com/
M&S Annual reports 2017. Retrieved from http://annualreport2017.marksandspencer.com/
North, E.J., De Vos, R.B., Kotze, T. (2003). The importance of apparel product attributes for the female buyers. Journal of family ecology and consumer science, 31, pp 41-51.
Padini Holding Berhad Annual Report 2015. Retrieved at: http://corporate.padini.com/index.php/corporate/index/investor_relations/annual_report
Parkson Retail Group Limited Financial reports 2014 to 2017. Retrieved at http://www.parksongroup.com.cn/html_en/investor_relations/Financial_Reports.php
Underhill, P. (1999). Why We Buy: The Science of Shopping. Simon and Schuster, New York,
In-Text Citation: (Shaari & Hong, 2018)
To Cite this Article: Shaari, A., & Hong, T. T. (2018). Evolution in Fashion Retail: Comparing Fashion Specialty Store and Department Store in Malaysia. International Journal of Academic Research in Business and Social Sciences, 8(9), 1910–1918.
Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode
