Luxury houses, streetwear and the Asian designers shaping global style.
A 19.8 per cent drop in sales in Hong Kong and Macau has been recorded by French skincare retailer L’Occitane International for its first fiscal quarter. This amounts to €22.8 million (MOP175.3 million/US$21.9 million), according to its filing with the Hong…
Walgreens Boots Alliance, Inc. (Nasdaq: WBA), the first global pharmacy-led, health and wellbeing enterprise, today announced that it has signed an agreement to form a franchise partnership with Emart Company Ltd (a member of Shinsegae Group), South Korea’s…
Korean retail giant Lotte Department Store revealed Thursday that it will implement a new 3D foot-measuring device at its stores starting Friday, to provide quick and accurate measurements for custom shoe orders. By placing his or her foot on the device, a…
“The economy in the second half should grow more strongly than in the first half. The government will launch many measures to stimulate growth, including the shopping festival to provide discounts for shoppers, and organise a low-price fair to help lower the…
Indonesia sparkles in the jewellery retail market, according to a new report from Euromonitor International. Buoyed by growth in Asia Pacific, particularly China and India, jewellery will continue to be the best-performing category in the personal accessories…
H&M sales rose 7 per cent in local currencies during the first six months of the financial year. But profit failed to follow suit. Converted into Swedish kronor, H&M sales rose by 5 per cent to SEK 104.9 billion, (US$12.176 billion). Karl-Johan Persson, CEO,…
Sa Sa sales are slowing, despite an improvement in Mainland Chinese visitor numbers. Retail and wholesale turnover for cosmetics retailer Sa Sa International Holdings fell by 5.7 per cent for the first quarter to June 30, according to unaudited data. Turnover…
Galleria Duty Free 63 has been officially opened – and it’s offering more than just duty free products. The new duty free store, located in Seoul’s iconic 63 Building, is operated by Hanwha Galleria, a subsidiary of Hanwha Group. Since its ‘Free Opening’ last…
Bruno Magli Hong Kong will launch in August as the Italian luxury brand signs partnerships in China and Japan, paving the way for a focussed Asian expansion. The luxury Italian fashion brand has signed new partnerships in Asia with Sitoy Retailing in China…
Revenue rose but profit fell for Uniqlo parent The Fast Retailing Group for the first nine months of its latest fiscal year, from September 1 last year to May 31. Consolidated revenue for the group reached ¥1.4346 trillion (US$215 billion), a rise of 6.4 per…
Today’s Chinese kids are increasingly being dressed to a fashion. “The demand for the children’s wear in China has shifted from fulfilling basic needs to pursuing fashion and style,” says marketing director Aber of Shenzhen Perseus Brand Management, an…
lukstudio’s ‘modular lilong’ was developed at the behest of value retail china to showcase ‘chuang x yi’ — a fashion platform for chinese designers. the 150 sqm site, located in yioulai shanghai village, is organized around meandering lanes, or lilong, a…
Italian fashion house Valentino is about to enter India, joining a growing list of luxury brands changing their focus to a buoyant retail scene far from the slowing Chinese economy. Valentino is reportedly dealing with IDFS Tradings and is also in talks with…
L Capital, an affiliate of luxury brand group LVMH, will invest US$50 million in Korean cosmetics company Clio, which aims to go public by the end of this year. Clio will issue redeemable convertible preference shares to be taken over by the investment…
Chinese actress/singer Chris Lee is Gucci Asia’s new ambassador for timepieces and jewellery. The fashion giant says Lee was chosen for her personal style, which is in “absolute harmony” with Gucci creative director Alessandro Michele’s philosophy of…
Baby care specialist retailer Mothercare has reported a reasonable set of results for its Q1 trading, with UK sales declining by 2.1 per cent, reflecting an unsuccessful battle against unseasonable weather conditions. UK like-for-like Mothercare sales were up…
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