Reporting and analysis on retail, e-commerce, and consumer trends in Japan, updated continuously by our newsroom.
Luxury fashion retailer Valentino boosted sales by 12.4 per cent last year, reaching €1.11 billion. Following a stunning 47 per cent growth in Valentino sales the previous year, the company has trebled its turnover in the four years since Qatari royal family…
US company AirMap is helping develop technology to manage a Rakuten drone network in Japan. Rakuten, Japan’s giant online retail platform, and AirMap hope drones will be allowed to be used at low altitude. Rakuten set a world record early this year for the…
Hong Kong jeweller Chow Tai Fook is looking to Japan for growth to compensate for its challenges in greater China. The company is about to open a shop inside the Laox duty-free shopping centre in Tokyo’s Shinjuku district, a prime destination for Chinese…
Zara parent Inditex Group sales rose by 12 per cent in its latest trading year, to January 31, reaching €23.3 billion. Growth was achieved in every geographic region where the group is present, and includes contributions from debut stores in Vietnam and New…
Toyota Motor will soon begin selling Brazilian-made Corollas in Peru, executives said on Thursday, and is in advanced studies to export from Brazil to Chile and Colombia in a push to make its South American plants more competitive. Steve St. Angelo, Toyota’s…
Thailand’s MK Restaurants Group plans to invest about Bt400 million (US$11.3 million) a year over the next five years to expand in Thailand as well as its overseas markets, including Singapore. Chairman/CEO Rit Thirakomen says the group will open 15 MK…
Aeon Vietnam is to build a second property in Hanoi, in the Ha Dong district in the city’s west. This follows the Japanese group launching in the Vietnamese capital two years ago, with a mall in Long Bien. An Aeon Vietnam representative says the project,…
Toyota Motor signed a memorandum of understanding (MOU) on Tuesday with a Saudi Arabian government agency to conduct a feasibility study into producing vehicles and parts in the Middle Eastern nation. The move, if firmed up, would be a big step for the Saudi…
When Legoland Japan opens in Nagoya next month, its restaurants and stalls will offer a range of themed food items. Its “potato bricks” have the same shape as the toy building blocks, iced treats are served in giant Lego blocks, and children can make their…
Italian luxury company Furla Group has had another year of what it describes as “exceptional growth” in turnover and profit. Sales soared 31.7 per cent in Japan, its strongest market in Asia, and the company is now setting its focus on boosting sales in China…
Japanese department store chain Isetan Mitsukoshi Holdings has appointed a new CEO as retailers battle to recover from a sharp fall in shopping spend by tourists. In a filing with the Tokyo Stock Exchange, Isetan Mitsukoshi says senior managing executive…
Line Friends will become the first Asian character brand to open a large-scale official store in the US. Its store in New York City’s Times Square, opening in July, also marks the one-year anniversary of Line listing on the New York Stock Exchange. Line…
Adidas sales have soared 18 per cent last year as the German sportswear brand plays catch-up with America’s Nike. For the first time in its history, Adidas’ net income topped euro 1 billion. In Greater China, sales soared 28 per cent year-on-year. “These…
Following a transformation, the Louis Vuitton Hong Kong Landmark has a new look. At one of the busiest junctions in Hong Kong, the flagship maison in Central has a new glass facade designed by Japanese architect Jun Aoki, who also designed the exterior of the…
GreyOrange and GROUND have been awarded the contract to supply robotics solutions to the Nitori Holdings Group, Japan’s largest furniture and home furnishing chain with over 400 stores. The robotics system will be deployed at Home Logistics which is a…
Japanese enterprises in banking and finance are now the biggest foreign shareholders in Vietnamese banks, financial and financial leasing companies, and their Vietnamese partners highly regard their expertise and support. Recently, Sumitomo Mitsui Trust Bank…
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