Luxury houses, streetwear and the Asian designers shaping global style.
Cosmetics maker Estee Lauder has forecast a lower-than-expected profit for the full year, hurt by fewer customer visits to department stores and uncertainties in some markets. “We believe the risk of other economic and political disruptions will remain high…
Unconventional British fashion brand Ted Baker has opened its first store in Vietnam. Ted Baker Vietnam joins other luxury brands at the revamped Saigon Center in Ho Chi Minh City, with its re-opening celebrated at an event featuring Vietnamese entertainers.…
Designer outlet malls are sprouting up all over mainland China, even as department stores find themselves struggling amid a slump in retail sales. At least 17 new outlet malls are scheduled to open in China in the second half of 2016, according to a report by…
“We’re currently re-branding the whole level four as a new hang-out place for young people in the city,” Astri Abyanti, senior marketing communications, public relations and digital marketing manager of Plaza Indonesia, said at the opening of Fashion On4 on…
While expecting a leap in profit because of a special circumstance, clothing retailer Bossini International Holdings had a “significant” decrease in revenue for its latest year of trading. The group reports an expected jump in profit ranging from 147 to 157…
South Korean fashion brands are featuring in an online pop-up store on regional sites of online fashion portal Zalora. It’s all part of a concerted bid to expand recognition of Korean fashion bards across the broader Asia-Pacific region. Launched in…
Department store Parkson Retail Asia has managed a turnaround with profit before tax (PBT) of S$35 million (US$25.8 million) for the year ended June 30, compared to a pre-tax loss of $40.6 million the previous year. Profit was boosted by gain from a partial…
That the overall pace of the Gap sales decline has moderated since both last quarter and last year is the only – very small – crumb of comfort for Gap Inc in its latest set of results. Gap last week reported a profit of US$125 million for the quarter, down…
Cosmetics maker Estee Lauder Cos. reported a smaller-than-expected rise in quarterly sales, hurt by a slowdown in sales in the Americas as fewer customers visited department stores and tourist spending declined. Shares of the company were down about 4 percent…
The Swedish fast-fashion brand, H&M has set September 10 as launch date for its beauty line in Asia. After making its debut late last year, H&M beauty line will come to its Asian customers this September, with Singapore as the first destination. The first two…
South-east Asian department store operator Parkson Retail Asia narrowed its fourth quarter net loss by 80 per cent, owing to the absence of costs associated with a store closure a year earlier. Parkson, which does not have stores in Singapore, reported a net…
Phnom Penh Duty Free is located inside the integrated entertainment destination of Naga City at Naga City Walk which connects Naga World to ‘Naga 2’. It offers approximately 4,000sq m of retail space with all the main DF&TR and luxury categories available:…
After several attempts at cracking the market, Laura Ashley will finally launch in China. The British retailer, owned by Malaysia-based MUI Group, will open a website via the Alibaba-owned Tmall website and will have a concession within the first House of…
Beauty retailer The Luxasia Group has appointed former SingPost CEO Dr Wolfgang Baier as group CEO, while founder/owner Patrick Chong has become chairman. “Luxasia is now at an important crossroads,” says Chong. “We intend to grow with our international…
Japanese electronics retailer Yamada Denki saw its operating profit surged to 2.5 times the year-earlier level in its latest quarter. The company says this reflects a strategic pivot to highly profitable white goods from digital electronics, which are…
Australasian services retailer Mister Minit is to expand its retail presence in SE Asia after stellar growth in Malaysia and Singapore. The company says it is experiencing an increasing appetite for its personal services among time-poor shoppers. For the…
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