
LVMH Fashion Sales Drop 5 Percent in Third Quarter
Total group revenue rose 1 percent to 18.5 billion euros, missing analyst forecasts as Chinese luxury spending deteriorated.
Tag
22 stories in this topic

Total group revenue rose 1 percent to 18.5 billion euros, missing analyst forecasts as Chinese luxury spending deteriorated.

Foreign card spending in South Korea jumped 48.5 percent to 14.02 trillion won through August as department stores pivot back to celebrity ambassadors.

Higher jet fuel costs and shrinking sales across Europe and the United States eroded operating margins to 2.1 per cent in the retailer’s first public report.

A $279.6 million non-cash impairment dragged Australia’s largest department store chain into its second-steepest statutory loss on record despite sales reaching $4.1 billion.

Asia Pacific was the sole growth engine for JD Sports in the first half, offsetting softer retail trading across North America and Europe.

Underlying profit reached AU$42.5 million as apparel brand acquisitions lifted group revenue past AU$4 billion despite large asset write-downs.

Total revenue from operations edged up 1.2 per cent to Rs 1.12 lakh crore, keeping the South Korean group as the only electronics maker in India above the one-trillion-rupee mark.

The Canadian discount chain renovated 25 locations during the second quarter, bringing its converted store footprint to 60 out of 414 Australian sites.

Full-price selling lifted merchandise margins and prompted an upgrade to full-year guidance even as top-line revenue fell short of market expectations.

A 9 per cent drop in second-quarter comparable sales and steep declines in North America push the yogawear maker into its second guidance downgrade of the year.

Private label sales climbed 10.3 per cent to account for nearly a fifth of total turnover as the snack retailer defended margins against cross-border shopping competition.

Operating profit rose nearly fourfold to RMB524.7 million as the Chinese teahouse operator cut costs and pushed beyond Greater China.

Outdoor labels Descente and Kolon Sport led expansion with a 44.2 per cent sales surge while the flagship Anta brand grew at a more modest 4.8 per cent pace.

Double-digit revenue and profit gains show budget-conscious consumers continued buying accessories despite tightened household spending.

Chemist Warehouse store expansion and surging demand for GLP-1 treatments pushed full-year earnings past the billion-dollar threshold.

Operating revenue reached 1,654 million baht as the Bangkok-listed lifestyle chain added 37 stores and weighed expansion into neighbouring Southeast Asian markets.
Evergreen guides that explain the mechanics behind this topic.
Unit economics
Four-wall margin, occupancy cost ratio, payback period and contribution per square metre, the small set of numbers that decides whether a store network can…
Retail Leadership · 10 min read
E-commerce
Ship-from-store, click and collect, marketplace fulfilment and live commerce, what each model demands from inventory accuracy, staffing and systems, and whe…
Retail Operations · 11 min read
KPIs and definitions
Plain definitions and formulas for the retail metrics that appear in Asian earnings calls, investor decks and operating reviews, with notes on how each one…
Retail Toolkit · 8 min read
Market entry
The four ways brands enter Asian retail markets, what each one costs in control and capital, and the questions that decide which is right for a given country.
Retail Leadership · 13 min read
Weekly Briefing
Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.