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In the coming year, France is set to present a significant challenge to online retailers, such as Shein, according to the country’s Minister for Small and Medium-Sized Businesses, Serge Papin. He spoke out on the issue last Thursday, explaining that these…
Viva Energy Group, a prominent oil company, has announced the appointment of Teresa Rendo as the Chief Executive Officer (CEO) of its retail division, Convenience and Mobility. Experienced Retail Executive Joins Viva Energy Teresa Rendo joins Viva Energy with…
In December, retail sales in Hong Kong rose by 6.6% compared to the previous year, marking the eighth consecutive month of growth. This trend indicates a steady economic recovery in the region, according to recent government data. This increase amounted to a…
Global luxury travel retailer DFS, which is owned by LVMH and Robert Miller, DFS’ co-founder and shareholder, has revealed they are set to sell their retail business across Greater China to the China Tourism Group (CTG) Duty Free. According to the agreement,…
DFS, the global luxury travel retailer owned by LVMH and co-founder Robert Miller, has announced that it will sell its retail business across Greater China to the China Tourism Group (CTG) Duty Free. The deal includes the acquisition of DFS’ businesses in…
Hermes, the renowned French purveyor of luxury goods, has revitalized its presence in Hanoi by relocating its boutique to a fresh, new spot on Trang Tien Street. Moving to a Classic Setting Having been in its previous location for several years, the Hermes…
AS Watson, a health and beauty retail giant, has announced ambitious expansion plans for the coming year, with around 1,000 new stores expected to open. This move comes in response to a significant surge in customer engagement via the company’s loyalty…
The renowned French fashion brand, Lemaire, continues to expand its retail footprint in Greater China with the inauguration of its flagship store in Shanghai, located in the historic Wukang Road area. This latest retail venture signifies the brand’s ongoing…
Tiffany Chen has recently been named General Manager for Coles 360, ushering in a fresh period for the retail media arm of Coles Group. Tiffany Chen’s Appointment The new appointment comes along with Coles 360’s transition into its next developmental phase.…
Costco, the United States-based wholesale giant, continues to make waves in the Australian market. The company has seen a significant year-on-year profit increase of 39.4%. The financial report for the fiscal year ending on August 31, 2025, reveals an…
A trio of Asian supermarkets and retail stores operating in New Zealand – Acecco, Miniso, and Yoyoso – have recently entered into liquidation. The operating company, ANCZ Limited, owes over $6 million (US$3.5 million). Details of the Liquidation On December…
Prada, the iconic Italian fashion house, has inaugurated a new flagship boutique at Landmark Hong Kong. This development comes as a part of the brand’s ongoing mission to refine its tangible presence in the city and within the Landmark retail complex. Grand…
Fast Retailing, which operates the Uniqlo clothing brand, has reported a significant increase in its quarterly operating profit, attributing the boost to a robust global sales growth. The increase in profits has enabled the company to withstand the impact of…
Swedish furniture giant, Ikea, has announced that it will be shutting down seven of its outlets in China, effective from February 2. The decision was revealed in a statement issued by the company on Wednesday. The targeted locations for the shutdown include a…
A surge of new shopping centers is expected to hit the market in Taiwan this year as developers maintain their commitment to large-scale multipurpose ventures. One of the most anticipated launches is the Far Eastern Sogo Department Store’s Garden City in…
Thai conglomerate Central Retail has finalized the sale of its entire share in Nguyen Kim Electronics, signifying its departure from the consumer electronics industry in Vietnam following successive years of financial losses. Deal Details The transaction,…
