
South Korea Retail Sales Rose 6.4% in July on Summer Spending
E-commerce accounted for 60.8 percent of total retail revenue as department store turnover surged nearly 18 percent.
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E-commerce accounted for 60.8 percent of total retail revenue as department store turnover surged nearly 18 percent.

Revenue dropped to HK$14.9 million in the six months to June as the Hong Kong-listed group absorbed Canadian insolvency costs and new European legal claims.

The apparel chain lifted gross margins by 1.6 percentage points even as first-half revenue dipped to HK$1.9 billion.

Sales fell 3.2 per cent to $718.4 million for the year to June 30 as active customer numbers dropped across key markets.

Australia and New Zealand store and online gains offset a 42 per cent revenue collapse in the United States caused by tariff exposure and inventory cutbacks.

Emerging domestic apparel and beauty brands are expanding brick-and-mortar footprints along Itaewon-ro as foot traffic spills over from crowded Seongsu-dong.

Direct-to-consumer ICON stores now generate roughly 20 per cent of the denim maker’s India revenue following its 500th store milestone.

There’s a new consumer mantra: “when in doubt, toss it out”. With pressure on housing internationally, shoppers are buying fewer higher-quality items to save space – and that’s is expected to have long-term ramifications for retailers, says a new report.…

Following a first half loss of HK$238 million (US$30.6 million), fashion retailer Esprit plans to prune unprofitable outlets while improving productivity. “In the very short term, we will continue to see the closure of unprofitable spaces from our retail…
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