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LVMH, the world’s largest luxury goods group, has reported a 1% increase in sales in the third quarter. This uptick, the first instance of growth this year, was largely driven by an enhanced demand in China. With a diverse portfolio spanning fashion, alcohol,…
The Lego Group marked the commencement of 2025 with a significant increase in revenue and profit, buoyed by worldwide demand, strategic partnerships, and the introduction of new products. The company’s financial results reveal a 12% annual increase in…
Global eSIM adoption is witnessing a significant surge, propelled by the rising demand for travel services, innovative enterprise solutions, and the expansion of the Internet of Things (IoT), as highlighted in GSMA Intelligence’s latest report. This…
Coconut oil prices are soaring in Asia, spearheaded by India—the largest consumer of the product—which has witnessed a tripling in prices within two years. This is attributable to a combination of supply shortages and burgeoning demand for the nutrient-filled…
Birkenstock, a well-known footwear brand, has announced strong financial figures for its third fiscal quarter, which ended on June 30. This growth was propelled by increased demand in all primary markets. Revenue and Net Income Birkenstock’s total revenue for…
Shopify, the renowned Canadian e-commerce platform, has projected a positive outlook for its quarterly revenue. This forecast comes amidst no apparent reduction in consumer demand and the impressive resilience of merchants on the platform despite prevailing…
LVMH Moet Hennessy Louis Vuitton experienced a decrease in sales during the first half of the year, primarily due to weaker performance in its fashion and wine departments. Decreased Revenue The distinguished luxury conglomerate reported a 4 per cent decline…
In a remarkable shift, delivery has emerged as the leading channel in Asia Pacific’s foodservice market, skyrocketing from 10% in 2019 to a projected 23% by 2024, according to the latest insights from Euromonitor International. This evolution is part of a…
In a vibrant response to shifting consumer behavior amid an economic slowdown, Chinese discount store sensation HotMaxx is quickly becoming the go-to destination for price-savvy shoppers. The retailer’s strategy of offering branded goods at jaw-droppingly low…
Devotees of the highly coveted matcha green tea may need to dig a little deeper into their pockets as a result of unprecedented temperatures in Japan causing a considerable decrease in matcha production. This comes amid a worldwide surge in demand for the…
IDC estimated that worldwide spending on telecommunications services and pay TV services rose 1.4% year over year (in constant dollar terms) to reach $1.66 trillion in 2017. This will accelerate to 1.6% in 2018, bringing worldwide spending to $1,689 billion.…
In the first quarter of this year, Singapore experienced a rise in retail vacancy rates, a phenomenon attributed to the healthy demand for prime locations and steady rental growth, as reported by real estate specialists Savills. Increased Retail Vacancy Rate…
Vietnamese mangosteen is captivating fruit lovers across Asia, with its unique sweetness and alluring fragrance making it a sought-after choice, even as prices soar 50% higher than its rival, Thai imports. This tropical delight, typically sold in Ho Chi Minh…
Chinese e-commerce giant JD exceeded market expectations for its quarterly earnings this Tuesday, reflecting resilient demand despite deteriorating conditions domestically and abroad. This feat indicates steady consumption patterns even amidst the imposition…
Tom van Wijlick, an emerging force in the watch industry, shares his journey from an IT entrepreneur to the founder of two successful watch brands, Lebois & Co and Airain. With a passion for horology ignited by his childhood Swatch, van Wijlick has set out to…
South Korea’s Retail Sector Sees 9.2% Growth Amid Rising Online Sales In a marked turnaround, South Korea’s retail industry experienced a remarkable 9.2% year-on-year growth in March 2025, driven by a surge in online shopping. While brick-and-mortar stores…
