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전체검색영역
S. Korea’s sports brand Prospecs expands presence in Vietnam
Collected
2016.07.15
Distributed
2016.07.18
Source
Go Direct
Prospecs, a South Korean sports brand owned by LS Networks Corp. is gearing up to win the Vietnamese athletic shoes and sportswear market by launching new stores in a series in the busy streets of the fast growing Southeast Asian country.

LS Networks said in a disclosure statement on Thursday that it opened its third Prospecs store at the Garden Shopping Center, located in the west of Vietnam’s capital Hanoi, on June 15. The company opened the first Prospecs outlet at Lotte Center mall in northern Hanoi on April last year and the second outlet at Times City mall in eastern Hanoi on June 1, this year.

“A localized sales strategy based on full understanding of the Vietnamese consumers and the market is a must to succeed in Vietnam,” said Lee Kyung-bum, president and CEO of LS Networks during his visit to the Prospecs stores in Vietnam earlier this month to spearhead the new sports business.

The Korean sports retailer has made advancement into the Vietnamese sportswear market together with an experienced Vietnamese enterprise that also sells other sports goods of Chinese retailers ANTA Sports and Xtep International.

By Ahn Gab-seong

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]