Cherokee Inc. (NASDAQ: CHKE), a global marketer of style-focused lifestyle brands, announced today that through its partnership with RT Mart, one of the leading and fastest growing retailers in China, that it has launched an online Cherokee store on China’s largest e-commerce website, Tmall.com. Cherokee will join the ranks of Gap, UNIQLO, Adidas, Levi’s and many other leading brands who have all opened retail storefronts on Tmall.com.
Tmall.com, formerly Taobao Mall, provides a platform for local Chinese and International businesses to sell quality, brand name goods to consumers in mainland China, Hong Kong, Macau and Taiwan. Apparel has long been one of the top-selling categories on Tmall.com. In 2012, Tmall.com’s total apparel sales reached approximately $9 billion.
Cherokee’s affordable fashion lifestyle products were first introduced in China by RT Mart in April 2010 and are currently featured in 221 RT Mart stores throughout the country. RT Mart now joins other leading retailers leveraging the fast growing e-commerce movement in China by offering Cherokee men’s, women’s, and children’s apparel online at http://cherokee.tmall.com. Additional categories may be added to the online flagship storefront in the future.
Cherokee lifestyle-branded products are sold in over 40 countries worldwide with global retail sales approaching $2 billion. This success has in large part been driven by retail partners, like RT Mart, that focus on the regional requirements and needs of their consumers. Cherokee and RT Mart have identified that in order to address the ever-changing and developing Chinese consumer’s needs it is essential that they offer an e-commerce solution that provides affordable, high-quality products to consumers of all ages.“The expansion with Tmall.com is another exciting step in the evolution towards establishing the Cherokee brand amongst Chinese consumers,” said Henry Stupp, Chief Executive Officer of Cherokee. “RT Mart is an exceptional brick-and-mortar retail partner and Tmall is a clear leader in China’s internet retail space. Their combined efforts, along with Cherokee’s top-quality, affordable lifestyle products, will enable us to interact directly with Chinese consumers as well as quickly respond to our Chinese consumers’ needs while simultaneously positioning the Cherokee brand for long-term growth.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV