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Global fashion online retailer Asos has seen profits tumble 68 percent in the year to August, despite a 13-per-cent increase in sales. In what Sofie Willmott, lead retail analyst at GlobalData, described as “a tumultuous” year, Asos reported sales of £2.73…
Gen Less, a government sponsored initiative to help New Zealanders and local businesses reduce their climate footprint, launched on Saturday – with several retailers already committing to take part. Some of the methods Gen Less puts forward for a business to…
Fashion retailer Noni B Group enjoyed the benefit of its first year of trading as a significant multi-brand retail group during FY19 and is seeking to push further into this direction: floating a name change to Mosaic Brands Ltd. According to Noni B Group…
Gome Retail Holdings will speed up its penetration into lower-tier Mainland China markets during the year ahead, with about 1000 stores slated for opening. The move is part of a broader strategy dubbed ‘Home.Living’ in which the retailer is rolling out…
Homewares business Adairs delivered its first profitable year in New Zealand in FY19, with work done on the local supply chain significantly assisting sales, along with improving brand awareness. New Zealand saw sales growth of over 25 percent during FY20.…
South Korea’s largest retailers are having to invest in logistics to cope with rising online spending and personalized delivery services. South Korean online shopping malls Coupang and Market Kurly have led the paradigm shift in the delivery industry after…
Fast-growing pure-play online fashion retailer Boohoo is preparing to acquire the Karen Millan and Coast brands. According to sources quoted by Sky News, Karen Millen will be placed in administration as early as today, UK time, in what is termed a “pre-pack…
Central Singapore retail rents eased by 1.5 percent in the second quarter of this year, according to data from the Urban Redevelopment Authority. That followed a smaller quarter-on-quarter decline of 0.2 percent in the three months to March 31. At the end of…
China’s e-commerce giants JD and Alibaba turned in record-breaking results for the 6.18 shopping festival on June 18. Total sales transaction volume during JD’s 6.18 trading reached a new high this year of US$29.2 billion. Key drivers leading to the…
More stores, broader range, fewer brands as fashion icon tries to double sales. Versace will open its largest store yet in China this week, part of a concerted plan by the fashion label’s new owners to expand its footprint globally. Capri Holdings, which also…
Hong Kong retail sales fell by 4.5 per cent in April, contributing to a 2 per cent decrease in year to date. Worse, the Census and Statistics Department said that after netting out the effect of price changes year on year, Hong Kong retail sales fell 5 per…
Inditex Group’s Australian business, Group Zara Australia, posted a 35 percent increase in net profit for the year ending January 31, 2019, lifting the figure from $8.9 million to $12 million, according to documents lodged with the Australian Securities &…
Nine out of 10 customers say a bad experience with a company impacts their future buying decisions, with 42 percent saying it stops them buying from a brand altogether, according to new research by customer service software company Zendesk. The firm’s…
Beauty and body care retailer The Body Shop is stepping up its sustainability efforts with the launch of its new recycling scheme that helps consumers recycle their empty packaging. The new initiative, which will launch in Australia on June 10, allows…
SM Retail has achieved a first-quarter profit increase of 5 percent to P2.7 billion (US$51.7 million). Retail revenues in the first three months rose by 13 percent year-on-year to P79 billion, while sales from specialty retail stores grew by the same…
The clip shows several people tying and failing to eat a burger with large, red chopsticks. A caption accompanying the video read “Take your taste buds all the way to Ho Chi Minh City with our Vietnamese Sweet Chilli Tendercrisp.” The video, shared by Maria…
