Vuori expands global footprint with new stores in Seoul and Beijing
The company announced on Monday it will open its first store in Seoul this September through a franchise partner, followed by another debut location in Beijing this October.
Coinciding with its physical retail growth, Vuori has launched localized e-commerce platforms in 11 new countries, including Sweden, Norway, Denmark, Finland, Switzerland, Spain, Italy, Belgium, Austria, Portugal, and Japan.
'Vuori's international growth has been patient, long-term focused, and designed to build brand equity across all key channels where our customer shops,' said Vuori senior vice president of international Andy Lawrence.
'We're not chasing quick wins, we're cultivating meaningful communities in high-potential markets. With our new stores in Beijing and Seoul, we're deepening our presence in key markets in Asia, while our digital expansion into key European and Asian countries allows us to test, learn, and scale in a way that's responsive and efficient.'
Since joining the company in 2021, Lawrence has helped steer Vuori's global expansion through a data-driven strategy that combines premium positioning, and phased market entry.
The new store openings and digital expansion follow successful retail launches in London and Shanghai, and strong initial wholesale results in Japan and Europe. Vuori expects to surpass 100 global stores by the end of 2025, with a projected 15 international stores outside of the U.S. by 2026.
'To date we view international as something like a slingshot: pulled back to build strength before we accelerate and launch forward,' Lawrence added. 'The foundational work we're doing now is setting us up for quicker, sustainable acceleration in the years to come.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Euronews
12 hours ago
- Euronews
How does unemployment vary among university graduates across Europe?
Does a university degree lower your chances of being unemployed in Europe? Yes. Across all EU countries, the unemployment rate is lower for university graduates than for the general population. However, it is still not possible to say 'yes' for all countries because there is one exception among 33 European countries as of 2024: Turkey. University graduates face a higher unemployment rate than the overall population in Turkey, according to Eurostat. Both the unemployment gap and the unemployment ratio between graduates and the total population vary widely across Europe. So, in which countries does higher education make the biggest difference? In 2024, among 33 countries, including EU member states, EU candidates, and EFTA countries, the unemployment rate for people aged 15–74 ranged from 2.6% in Czechia to 11.4% in Spain. These figures reflect the overall population, without considering education levels. The EU average was 5.9%. At the top, Greece (10.1%), Turkey (8.8%), Serbia (8.6%), and both Finland and Sweden (8.4%) followed Spain, reporting unemployment rates above 8%. At the bottom of the list, together with Czechia, Poland (2.9%), Malta (3.1%), Germany (3.4%), Iceland (3.6%), as well as the Netherlands and Slovenia (both 3.7%), recorded unemployment rates below 4%. University graduates and unemployment: The countries with the highest rates Among university graduates, defined as those with tertiary education, according to the ISCED classification, unemployment rates in 2024 ranged from 1.4% in Czechia and Poland to 9.2% in Turkey. The EU average stood at 3.8%. After Turkey, the highest unemployment rates among university graduates were recorded in Greece (7.3%), Spain (6.9%), Serbia (6.5%), and France (5%). Unemployment gap: Overall population vs university graduates When comparing unemployment rates between the general population and university graduates, Turkey was the only country in 2024 where the rate was higher for university graduates than for the overall population. The difference was –0.4 percentage points (pp). 'It is indeed unusual for the unemployment rate among tertiary education graduates to be greater than others in the workforce,' OECD's Turkey desk told Euronews. The largest gap was recorded in Spain by 4.5 pp. The unemployment rate was 11.4% for the overall population compared to 6.9% for university graduates in Spain. The EU average was 2.1 pp (5.9% vs 3.8%). Since unemployment rates vary significantly across countries, absolute differences may not fully reflect the extent of the gap. To better compare countries, the ratio between the unemployment rate of the general population and that of university graduates can be useful. A ratio below 1 indicates that the unemployment rate is higher among the tertiary-educated than the general population. A ratio of 1 means there is no difference between the two groups. The higher the ratio goes above 1, the more significantly unemployment is higher among the general population than among university graduates. EU: General unemployment 55% higher than among graduates Turkey is the only country with a ratio below 1, at 0.96, while the EU average stands at 1.55. This means that, in the EU, the unemployment rate among the general population is, on average, 1.55 times that of university graduates—or 55% higher. The ratio is also 1.23 in Cyprus, 1.26 in Switzerland, and 1.31 in Germany, and 1.32 in Denmark, the Netherlands, and Serbia. This suggests that unemployment rates among the general population and university graduates are relatively close in these countries. Romania (2.84), Slovakia (2.65), Bulgaria (2.63) and Hungary (2.50) have the highest ratios, meaning university graduates have significantly lower unemployment rates than the overall population. No other country has ever shared Turkey's case Is 2024 an exception? What about other years? Euronews Business also looked at the period from 2004 to 2024. Over these 21 years, Turkey was the only country where university graduates faced a higher unemployment rate than the general population. This fact occurred in 12 different years, starting in 2011. No other country recorded this even once during the entire period according to the data available from Eurostat. The line chart also shows a downward trend in the EU, indicating that the unemployment gap between the tertiary-educated and the overall population is narrowing. In 2022, Turkey had the third-lowest share of tertiary graduates in Europe, following Romania (17.4%) and Italy (18.5%). In Turkey, 20.6% of the population aged 25–74 held a university degree according to Eurostat. University boom in Turkey However, this picture may change for Turkey. In 2019, Turkey had the highest rate of university students relative to its population, with 95 students per 1,000 people—more than double the EU average of 38, according to Eurostat. According to Turkey's Higher Education Board, there were 53 public universities in 2003. This number rose dramatically to 129 by 2018. As of 2024, Turkey has 129 public universities and 75 private, foundation-based universities, bringing the total to 204. 'This rapid expansion was, in part, due to a government policy to establish a university in every province,' OECD told Euronews. According to OECD's Turkey desk, as in many countries, the quantity of tertiary-level graduates has grown faster than the number of jobs that require a degree. As a result this has eroded the previous benefits of having a university degree — ease of getting a job and higher wages. 'In Türkiye's case the erosion has been extreme, notably as regards rates of unemployment,' OECD officials told. OECD: Time to prioritise the quality of tertiary education OECD explained that 'rapid expansion of the university sector has made it difficult to uphold the quality of tertiary courses, aggravating the decline in labour-market returns to students'. 'As our surveys point out, the government's tertiary education policy needs to now prioritise the quality of tertiary education and the relevance of courses for the labour market." OECD also noted that there seems to be a large gap between the skills demanded by the labour market and the skills acquired by students in universities in Turkey. Their survey points to Turkey's relative low share of graduates in STEM (science, technology, engineering and maths) subjects.
LeMonde
a day ago
- LeMonde
Donald Trump is on the verge of winning his trade war
When Donald Trump decided, in early spring, to abruptly suspend his unilateral tariffs after triggering a financial panic, the Financial Times published a sarcastic comment about the US president in early May, calling him "TACO" for "Trump always chickens out" in trade negotiations. This infuriated the head of state. "That's a nasty question," he said in the Oval Office of the White House after a journalist asked him about it. On July 15, Wall Street Journal columnist Greg Ip offered a less humorous but more direct evaluation: "Forget TACO. Trump is winning his trade war." The issue is not to defend Trump's trade policy – the WSJ called it "the dumbest trade war in history" – but to analyze whether the president is achieving the goals he set for himself. Ursula von der Leyen, president of the European Commission, is set to meet the US head of state in Scotland on Sunday, July 27, in a last-ditch effort to reach a deal before the August 1 deadline to avoid 30% tariffs on European goods. The WSJ columnist recalled that the president's intention was to impose the highest possible tariffs to protect American industry and fund all or part of the income tax. Treasury Secretary Scott Bessent used the argument of tariffs as a negotiating tool in an attempt to reassure US partners. But that was not Trump's concern.
Euronews
a day ago
- Euronews
Orban vows to veto EU budget over frozen EU funds
The Hungarian government will not vote on the EU budget until Budapest receives its frozen EU funds, Prime Minister Viktor Orbán said in a speech at the Bálványos Free University on Saturday. According to Orban, the adoption of the EU's record-breaking budget requires unanimity. "And until we get our backlog of money, there will be no new European budget. We will bring it home, and we will not make any concessions on our sovereignty," he said. Approximately €9.5 billion in COVID-19 recovery funding and €8.4 billion in cohesion funds make up the frozen funds by Brussels over persisting concerns about Hungary's democratic backsliding. Brussels and Budapest over the years have been at loggerheads on a range of issues, most recently that of Russia's invasion of Ukraine, but the situation has been made worse by the financial issue. Orbán accuses the European Commission of "financial blackmail" and meddling in domestic matters due to its reasons for freezing the funds. Hungary previously unblocked about €10.2 billion of the frozen funds following the adoption of legislation aimed at reducing political meddling in its courts and strengthening judicial independence. However, a complaint was filed by the European Parliament against the EU Commission for its controversial decision to release the €10.2 billion ahead of a crucial summit. Some €18 billion remains frozen, with no signs or indication of progress, but in front of the large audience, Orban vowed to get the EU funds. Orban claims Trump helped avoid World War III The Commission's landmark €2 trillion long-term budget for 2028–2034 emphasises defence and economic competitiveness. For it to pass, it requires unanimous agreement among member states and must also be backed by Parliament, by a majority of its component members. In his speech in Tusványos on Saturday, Viktor Orbán said that the election of US President Donald Trump has helped the world to avoid a third world war for the time being, but the chances of its outbreak are still increasing. Orbán gave a speech with a sinister tone, touching on a variety of topics that included the war in Ukraine and the Fidesz party. The Hungarian PM blasted the EU for backing Ukraine and accused the EU leaders of dangerously waging a trade war with the Trump administration that Europe "cannot win." While some of his claims were typically outlandish, Orban received applause from the audience, with one attendee saying, "We got a very clear, very understandable vision from the Prime Minister. And we are not in an easy situation."
