Luxury houses, streetwear and the Asian designers shaping global style.
Same store Chow Tai Fook sales in Hong Kong and Macau “continued to show a sequential improvement” during the first quarter of the year. The trend reverses 12 consecutive quarters of decline by the Hong Kong-listed jeweller, the first increase since last last…
Furla Group announced the buyback of the Australian distribution network from its distributor, Luxury Retail Group (LRG). Furla opened the first boutique in Westfield Sydney in December 2013, and now has 15 stores in Melbourne, Sydney, Brisbane and Gold…
Hong Kong-based jeweler Luk Fook Holdings recorded its first quarterly growth for same-store sales in three years, driven by its gem-set jewelry offering and an improvement in Hong Kong. The company reported a 2% rise in overall same-store sales across its…
Abercrombie & Fitch has entered into a wholesale agreement with Asia’s online fashion destination, Zalora. From next week, Zalora will stock Abercrombie & Fitch in Asia – first Hollister-branded merchandise, followed by Abercrombie & Fitch-branded lines later…
Sales for luxury group Prada slipped 10.4 per cent for its fiscal year to January 31 to reach €3.1 billion (US$3.3 billion). The result is disappointing coming just 24 hours after LVMH reported a 15 per cent increase in sales across its multitude of brands in…
The younger generation will be key for the luxury industry in the next decade as it enters a “new normal” characterised by lower growth, new research shows. To find success, brands will need to refocus on their customers to better anticipate and cater to…
Uniqlo Canada has announced plans to open its third store. Its debut in British Columbia, the store will open late this year, 12 months after Uniqlo entered Canada with an outlet in Toronto. Opening at Metropolis at Metrotown in Burnaby, British Columbia, the…
Footwear and apparel firm Woodland India plans to enter the Japanese and South Korean markets in the next 12 months. Owned by the Aero Group, the company is also expanding at home with plans to add 120 exclusive outlets across India by the end of next year.…
Chloe Singapore will launch its first boutique at The Shoppes at Marina Bay Sands this month. Its store’s decor will feature textured furnishings, powdery rose beige tones on the walls and robust architecture complemented with linear lines, reports Buro 24/7.…
LVMH sales surged 15 per cent in the latest quarter to €9.88 billion (US$10.477 billion). That was nearly €400 million more than analysts had been expecting, with the result driven across all of the luxury group’s business units. Fashion and leather goods,…
American fashion retailer Fred Segal has opened its third store in Kobe, expanding its footprint in Japan. Spread over the first and second floors of a Daimaru affiliated shop in Shosen Mitsui Building, Kyu-kyoryuchi area, the 1175 sqm store features an…
Mujosh Philippines has launched two stores, at Alabang Town Center in Muntinlupa and Ayala Center Cebu. Both locations feature the Hong Kong eyewear brand’s latest collection of sunglasses and optical frames from its designers in China, Hong Kong and Korea.…
Hong Kong-headquartered luggage company Samsonite International is to buy online retailer eBags for US$105 million cash. The deal is part of Samsonite’s strategy to accelerate the growth of its e-commerce business. “With eBags’ immediate resources and digital…
Chow Tai Fook saw positive retail sales growth in the fiscal fourth quarter, ending a long run of declines at the Hong Kong-based jeweler. Retail sales in mainland China increased 16%, with same-store sales rising 12% during the three months that ended March…
Investment bank Goldman Sachs is reportedly preparing a £600 million bid for The Body Shop. Owner L’Oreal decided to put the ethical cosmetics brand on the market last month, apparently unwilling to invest in arresting falling sales and market share. The Body…
South Korea is among the top 10 global beauty markets, estimated to be worth more than US$13 billion this year, according to London-based market research firm Mintel Group. Its research was released on the eve of the 27th edition of In-cosmetics Global in…
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