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As retailers across Asia grapple with the seismic shifts wrought by e-commerce and the COVID-19 pandemic, one company is forging a distinct path by embracing an innovative, customer-centric approach. With soaring demands compelling brands to rethink their…
South Korean apparel company F&F Co announced on Monday that it had engaged Goldman Sachs as its advisor on the prospective purchase of TaylorMade. The company also stated that it would pursue legal action if the current owner of TaylorMade proceeds with an…
PDD Holdings’ international discount e-commerce platform, Temu, reported a 58 per cent decrease in daily US users in May. This downturn is just one of the challenges the online retailer is grappling with in the face of the US-China trade war. Temu made the…
With ecommerce projected to capture 41% of global retail sales by 2027, it might seem counterintuitive for retailers to continue investing in new and existing physical stores. Yet, retailers like Fujifilm, Sketchers, and North Face are not only maintaining…
The Japanese operator of apparel retailer Uniqlo is expected by analysts to post a 25 percent jump in profit to a third-quarter record on Thursday (Jul 13), when the focus will be on whether its sales recovery in China is on track. Fast Retailing’s operating…
Miniso Group Holding, the New York-listed Chinese household and consumer goods retailer, is planning a second listing in Hong Kong, joining an increasing number of US-listed mainland companies seeking a listing closer to home. The retailer submitted its…
President Rodrigo Duterte has signed into law a measure that would further open up the Philippine retail sector to more foreign retail businesses by lowering their required paid-up capital. Republic Act (RA) 11595, which amends RA 8762, also known as the…
Beauty products retailer L’Occitane International has reported sales and profit beyond expectation after successfully adapting to the challenges of selling products during a global pandemic. Despite the Covid crisis, like-for-like net sales of US$1.83 billion…
Marco Gobbetti is to give up his role as CEO of Burberry after leading the brand and business for almost five years. According to a report, Gobbetti will return home to Italy to lead rival luxury goods group Ferragamo. Gobbetti will stay with Burberry until…
Sales at fashion group H&M fell slightly less than expected in the three months through February and rose in the first half of March as pandemic restrictions were eased in some markets, allowing hundreds of stores to reopen. The world’s second-biggest apparel…
JD.com Inc’s fourth-quarter revenue beat expectations on Thursday as more shoppers flocked to its website on the back of a broader shift to online shopping triggered by the COVID-19 pandemic. While China has largely emerged from coronavirus lockdowns with…
It’s been a difficult year; we better say the most difficult year in decades with Covid-19 and all social restrictions that were put in place. But we were resilient, and prepare ourselves for a better year. Hopefully with more and more retail events and…
Microsoft and Bukalapak, one of Indonesia’s leading e-commerce platforms, have formed a strategic partnership to reshape how e-commerce is conducted in the country. Kicking off the collaboration between the two companies, Bukalapak will adopt Microsoft Azure…
SINGAPORE retail sales dropped 5.7 percent on the year in August, an improvement from the 8.5 percent year-on-year decline recorded in July, according to the Singapore Department of Statistics (SingStat) on Monday. Lees ook: McDonald’s to screen World Cup…
Alibaba and Walmart were jointly named Retailer of the Year at the World Retail Awards, which were held virtually last week. Additionally, while Adidas London won the award from Outstanding Store Design for sites over 1200sqm, a collaboration between Singtel…
Malaysia’s retail sector is projected by the government to reach 80-per-cent recovery this year, up from the current 70 percent. Statistics department figures showed improved employment numbers during the recent period since the lifting of Malaysia’s movement…
