Luxury houses, streetwear and the Asian designers shaping global style.
Global fashion chain Ted Baker overcame an uncertain backdrop in Asia to boost profits by 18.6 per cent last year. Rebecca Marks, an analyst at Verdict Retail, said Ted Baker’s strong full year results demonstrate the strength of the brand, driven by its…
Jeweller Tiffany & Co’s latest results represent a disappointing end to what has been a challenging year for the company. The fact that worldwide net sales declined by 2 per cent even on a constant currency basis neatly indicates that the weakness is not…
Yen Kuok was never handed anything on a silver platter. In spite of being the daughter of Malaysia’s richest man, Robert Kuok, she worked her way through trial and error to make a success of her online consignment fashion store in Hong Kong. In an article by…
China is changing tax rules for imported goods that are sold online in a move that will make beauty products such as eye creams and moisturizing gels from L’Oreal SA’s Lancome and Korea’s Amorepacific Corp. become cheaper for Chinese consumers. The government…
New consumer research suggests the Hong Kong luxury market is set for another challenging year. While 42 per cent of consumers surveyed in China are looking to spend more on luxury items, in Hong Kong the figure is only 25 per cent. That marks a five…
Clarks shoe brand retailer, S Culture has announced a loss for the year and will not pay a dividend. Chairman Chong Hot Hoi described 2015 as the worst year for Hong Kong retail sales since 2002, driven by the fall in big spending tourists from the mainland…
Thanks to a health boom on the mainland, Chinese sportswear brand Li Ning has skipped out of the red to turn a modest profit after three years of losses. For its latest financial year, it had a net profit of Rmb14 million (US$2.2 million), reversing from a…
Japanese clothing brand Uniqlo is set to open its first global flagship store in Singapore and the Southeast Asia region at Orchard Road by the second half of this year. The store, spanning across three levels at Orchard Central (a total area of 2,700 sqm),…
Dubai-based conglomerate Al-Futtaim Group is embarking on a slate of moves to refresh the offerings at its stable of retail brands here, such as household names Robinsons department store and the Marks & Spencer chain. The multi-faceted efforts to draw more…
In closing what can only be described as a torrid year for the company, J Crew has posted a weak, but improved, set of fourth quarter figures. Total sales rose by 1 per cent, boosted by strong sales gains of 26 per cent at Madewell. While this compares…
Eating exotic and wild species is nothing new in China, just like a saying well known in Guangzhou: “Chinese will eat everything with four legs except tables and eat everything that swims except a submarine.” Their openness to new ingredients and recipes…
Like most disruptions in the past, the advent of ecommerce has been framed as a battle between online convenience and the traditional brick and mortar experience: your couch or the mall. Ecommerce has played its part as the upstart in this battle, with brands…
India is rising, not only as a new choice of relocating labour-intensive industries from China, but also as a retail market of good potential, says a research report by The Hong Kong Trade Development Council (HKTDC). In recent years, the sustained rise in…
With unseasonably warm weather at the end of last year dampening demand for winter clothing, Japanese apparel retailer TSI Holdings had weaker earnings for the year ended February 29. Its operating profit was flat at about 1 billion yen (US$8.86 million),…
Fossil wearables has teamed with major fashion brands Chaps, Diesel, Emporio Armani, Fossil, Kate Spade New York, Michael Kors, Misfit and Skagen to launch in 40 countries in 2016. Fossil Group says it plans more than 100 wearables products – which include…
Largely in line with expectations, Esprit sales were flat, the fashion brand says in its interim report for the six months to December 31. While its overall turnover was down 0.4 per cent overall, retail turnover grew 6 per cent while wholesale turnover fell…
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Read by retail operators, investors and brand teams across Asia.