Topic
87 stories in this topic
The domestic property market reported more sales in January compared to December 2017, according to the Ministry of Construction’s Housing and Property Market Management Department. It said that in January, Hà Nội had 1,650 transactions, an increase of 13.8…
Fashion group Esprit Holdings has issued a warning it expects a net loss for its first half, to the end of December. Based on a preliminary review of its unaudited consolidated management accounts, the net loss is expected to be in the range of about HK$950…
Clothing retailer FJ Benjamin has deepened its losses after discontinuing some brands and businesses during its second quarter. Its net loss virtually doubled from S$3.7 million (US$2.6 million) in the same quarter a year ago to S$7.3 million. The group says…
Retailers in the Asia-Pacific region will experience both their highest sales and shrink distributions during the holiday season, according to the 2016 Retail Holiday Season Global Forecast. The report boldly predicts that 32 percent of the losses of the…
UK retailer Marks & Spencer announced on Wednesday that it will pull out of the Chinese mainland market and close all the 10 stores amid shrinking profits, according to a statement the company sent to the Global Times on Wednesday. “Our review has shown that…
Restructuring has taken its toll on FJ Benjamin Holdings’s bottom line. The fashion and lifestyle brand management company has deepened its full-year net loss to S$23 million (US$16.9 million) for its latest financial year, compared to S$17 million the…
Italian fashion brand Prada is suffering from shrinking demand in its largest market of China, with a 20%-plus drop in first-half sales dragging down overall profit to the same degree. The Hong Kong-listed, Milano-based company announced late Friday that net…
Footwear retailer Le Saunda says same store sales in its own stores slipped eight per cent in the third quarter. But the company’s online turnover soared 26.7 per cent reflecting rising popularity of online shopping across Greater China. Total sales declined…
Retail sales in Hong Kong dropped for the eighth consecutive month in October amid a decline in the number of mainland tourists. October sales fell 3 percent year on year to HK$37.2 billion, against an estimated decline of 5 percent, the Hong Kong Economic…
Jeweller Luk Fook Holdings is looking to Mainland China to restore growth after a heavy drop in profits due to the Hong Kong and Macau market slump. Lukfook Group says its sales declined 7.7 per cent to HK$6.965 billion in the half year to September 30 and…
The recently opened cafe inside the Muji Singapore store on Orchard Rd has had a huge impact on the store’s overall trading. In an extensive feature written by the Straits Times and published online by Asia One, which details the trend of merging dining with…
Fashion retailer Bauhaus has reported a net loss of HK$26.6 million for the first half year after sales tumbled in key markets. In Taiwan, where it has 95 stores and counters, stagnant retail sentiment and weak consumption presented great challenges, with…
The retail industry has been a minefield lately, with many companies reporting tough results. Jeans specialist Guess? hasn’t been immune from the problems facing retail peers like Gap , and coming into its fiscal third-quarter financial report, Guess?…
Jumei International, the Chinese online retailer of beauty products, has reported a sales increases of 99.9 per cent – but it still posted a quarterly operating loss. In the quarter to September 30, net revenue reached RMB1.9 billion (US$305.5 million). Total…
Luk Fook has become the second major jewellery retailer this week to warn shareholders of a severe impact on its bottom line. In a filing with the stock exchange yesterday, Luk Fook said it anticipated a decline of about 40 per cent compared to the…
Listed Hong Kong jeweller Chow Tai Fook has warned shareholders its first half profit is likely to be 50 per cent less than for the same period last year. In a statement filed with the stock exchange, the board said the decrease is mainly attributable to the…
