Pepkor's fashion chain Ayana aims for hundreds of stores in South Africa
JOHANNESBURG, May 28 (Reuters) - Recently-launched fashion chain Ayana could have hundreds of stores, the CEO of its owner Pepkor (PPHJ.J), opens new tab told Reuters, as the South African retailer targets trendier customers and embraces the fast-fashion model of some rivals.
Pepkor, the owner of the budget Pep and Ackermans clothing chains, is underrepresented in the adult clothing market, especially in womenswear. Recently it has been expanding in that market, with the acquisition of fashion businesses Legit, Style and Swagga.
In February, it launched 32 Ayana stores by converting discontinued Ackermans womenswear stores. The brand is more fashionable than Pepkor's core chains and aims to refresh its ranges more frequently, with some shoppers comparing its style and store layout to Inditex-owned Zara.
"This is not like a thousand store chain. It will be, I suppose, a couple of hundred if it's really successful, maybe two or three hundred," Pieter Erasmus, Chief Executive Officer of Pepkor, told Reuters on Tuesday.
Ayana is targeting fashion-conscious young women with its waist coats, bow mini dresses and collarless jackets, "but at a price which is affordable," Erasmus added, compared to international brands like H&M (HMb.ST), opens new tab.
"Customers have responded well in the store, in sales, but also on social media. So we think that there's an opportunity for this brand in South Africa to do, again, I don't like using this word 'Zara-type' aspirational (fashion)," he said.
He added that Ayana was also trying to tap customers that "are currently buying from some Chinese (retailers like) Shein. There's an opportunity to really address that .... So we're going to put a big effort into it."
Online-only retailers Shein and Temu have grown rapidly by shipping inexpensive products directly to consumers, forcing local retailers to find new ways of differentiating themselves.
Ayana currently sources its stock from Asia, particularly China, and locally in order to respond faster to changing trends, Erasmus said.
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