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In a move to regain customer loyalty in China, American athletic wear giant, Nike, is taking control of its online product distribution. The company aims to drive consumers to official Nike channels and implement full-price sales as it faces increasing…
China has unveiled its inaugural five-year scheme centered on consumption, where it anticipates annual retail sales to reach approximately 60 trillion yuan (US$9 trillion) by 2030. This indicates a deceleration in year-on-year growth to roughly 3.7 per cent,…
The Vietnamese auto market has witnessed a significant growth of 15% in sales during the first half of 2026, as compared to the same period last year. A substantial portion of this growth can be attributed to the robust sales of imported and hybrid vehicles.…
VinFast Vietnam, a budding organization specializing in the design and sale of VinFast vehicles, recently increased its capital funds substantially. The company doubled its capital from VND5.18 trillion to VND10.18 trillion, equivalent to US$388 million, by…
Singapore’s retail sector experienced continued growth in May, albeit at a slower pace than in April. Statistics from the Department of Statistics indicate that retail sales, excluding motor vehicles, parts, and accessories, rose by 3.7% in May. This increase…
In a collaborative effort, TikTok and Thailand’s Department of Internal Trade have drastically elevated durian sales on TikTok Shop, underscoring live commerce as a significant conduit for Thai agricultural commodities. The initiative led to a tenfold surge…
The retail sector in Hong Kong experienced a healthy growth in May, a trend that is anticipated to sustain, given the positive economic climate. Data from the Census and Statistics Department reveals a 7.9% year-on-year increase in retail sales, reaching…
Sa Sa International, a leading cosmetics retailer listed in Hong Kong, concluded the previous fiscal year with a significant boost in sales and profits. The company’s annual profit, which ended on March 31, witnessed an impressive growth of 160.5% amounting…
Miniso Group, a prominent retailer based in China, reported a significant growth in sales in its first quarter, owing to strong performances across all business areas. The company’s revenue saw a year-on-year increase of 28.5%, totalling up to US$824.6…
In March, Hong Kong’s retail sector saw a 12.8% increase in sales compared to the same month in the previous year. This marks the 11th consecutive month of growth, according to recent government data. Sales touched HK$33.9 billion (US$4.33 billion),…
The retail sector in Singapore experienced further growth in March, building on the momentum gained in February. The Department of Statistics reports a 3.3% year-on-year increase in retail sales for March, not counting motor vehicles, parts, and accessories.…
Last Tuesday, a significant event took place, featuring Suphajee Suthumpun, Thailand’s deputy prime minister and commerce minister, and one of the country’s most influential online merchants, Pimrypie. Pimrypie is recognized for her diverse range of products,…
The Hershey Company recently highlighted a surprising uptick in their sales of mints and gum, which they attribute to the rising prevalence of weight-loss drugs and the consequent shift in consumers’ snacking habits. The company noted that the demand for…
In the words of Zhen Huang, Chairman, Lanvin experienced a steadier second half following a tumultuous year where restructuring efforts started to show promise. Sales for the brand itself, however, observed a downturn of nearly a third. The Current Economic…
The Hong Kong-based DFI Retail Group has recently announced a steady increase in sales for the first quarter of the year, primarily fueled by their health and beauty sector. Driving Growth with Health and Beauty Excluding cigarette sales, the DFI Retail Group…
Despite geopolitical tensions affecting the Middle East, Hermès, the renowned French luxury fashion brand, has reported a strong performance in its Q1 sales. The company’s consolidated revenue stood at €4.1 billion (US$4.8 billion) for the quarter ending…
