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Apple China sales have fallen for the fourth consecutive quarter, but the tech giant is putting on a brave face, buoyed by rising global revenue. Apple sold 78.29 million iPhones in the quarter ended December 31, up from 74.78 million last year, marking the…
Yum China is set to exploit “huge potential” after its spin-off from its US parent, says Neil Saunders, CEO of Conlumino. Commenting on the parent company’s latest results, the US-based retail commentator said while the China division once again delivered “an…
While the latest Kate Spade figures are respectable, there is a clear slowdown in the pace of growth compared to last quarter. This is most noticeable in the direct-to-consumer segment, where comparable revenue rose by a fairly meagre 4 per cent, compared to…
Yum! China has showed progress with a system wide sales increase of 3 per cent in the latest quarter – or 7 per cent on a constant currency basis. Same restaurant sales are now in positive growth, although by a fairly meagre 2 per cent given the 16 per cent…
Going into this quarter the main concern for Alibaba was that a slowdown in Chinese economic growth would damage its performance. Fortunately, this has not materialised with very solid uplifts in its Chinese retail marketplace proposition underpinning a…
Burberry Hong Kong is giving up a whole floor of its Pacific Place flagship as part of a range of initiatives to respond to the declining luxury market in the territory. Burberry CFO Carol Fairweather said in a conference call the company had reached an…
Groupon – which has exited three Asian markets this year – continues to struggle globally with ts flawed discounting model. Operating on wafer thin margins in the first place, the company has taken a severe hit from currency exchange fluctuations in the third…
US fashion label Ralph Lauren’s operating profit has tumbled almost 39 per cent year to date as it continues to restructure its operations. The latest quarterly numbers just released show a solid sequential improvement on the prior quarter, with the strength…
Michael Kors Japan sales continue to soar as rising US fashion player expands its global success. Revenue in Japan for the last quarter rose 60.7 per cent on a constant currency basis. While that figure was carved back to 36.1 per cent after the exchange rate…
Global coffee giant Starbucks has finished its financial year on a high, reporting a 17 per cent increase in annual revenue to a record US$19.2 billion. But is the Starbucks Asia Pacific business underperforming? Neil Saunders, CEO of Conlumino, believes so.…
Not long ago, Tupperware seemed to be a brand with a limited future. Tupperware’s background is selling products at relatively high prices through direct selling, or the party plan concept, rather than retail stores, a system dating back to the 1970s. In…
American Apparel, the controversial teenage-oriented fashion brand founded in 1989, has been placed in Chapter 11 bankruptcy protection. The company says it intends to pay its suppliers in full under normal terms for goods and services provided. The move…
