Hong Kong – Global retailing company GMG has announced the opening of a new Nike concept store in Hong Kong, located in the East Point City shopping mall in the Hang Tau district.
The new concept store represents GMG’s latest strategic investment in Asia, tapping into a huge potential market and leveraging the rising personal well-being trend in the region. The store boasts over 2,171 square feet and offers sports apparel for both men and women in categories including running, training and basketball.
GMG first entered the Asian market in 2020 through the acquisition of Royal Sporting House, a multi-sports retailer. Keeping up with the momentum, it recently acquired Nike retail stores from SUTL Corporation, expanding its presence in Singapore and Malaysia, while further solidifying its position in Asia.
To date, GMG has over 25 Nike stores in Asia and with the opening of the East Point City shopping mall, 11 Nike stores in Hong Kong alone.
Mohammad A. Baker, deputy chairman and CEO of GMG, commented, “Asia is propelling the retail industry forward, generating a substantial portion of global growth in the sector and offering immense potential and expansion opportunities for GMG.”
He added, “The opening of our new Nike store in a key market such as Hong Kong, the first in two years, further signifies the recovery of a post-pandemic economy while allowing us to strengthen our physical retail presence in Asia, and empower even more people to embrace an active and healthy lifestyle.”