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Malaysian listed retailer Caring Pharmacy has seen its share value soar 85 per cent in just two months. And no one seems to know why… The company has 106 pharmacies across Malaysia, just two more than it had three months ago, and has projected expansion at a…
US fashion label Ralph Lauren’s operating profit has tumbled almost 39 per cent year to date as it continues to restructure its operations. The latest quarterly numbers just released show a solid sequential improvement on the prior quarter, with the strength…
L’Oréal has released its nine-months sales results pointing to strengthened growth in the North American Consumer Products Division; maintained growth in Western Europe; a temporary third quarter slowdown for L’Oréal Luxe in Asia; strong e-commerce sales…
A shift in focus away from the high end has partly buffered jeweller Tse Sui Luen from the Hong Kong luxury downturn. The group has released trading figures for the first half year revealing a decrease in turnover of just 3.6 per cent to HK$1.753 billion.…
Hong Kong listed fashion group Esprit says its full year financial loss masked a positive phase of its turnaround program. Full year turnover fell 11.5 per cent (or 19.8 per cent in Hong Kong dollars) and the company posted a loss of HK$3.683 billion, largely…
Apparel retailer Bossini has weathered Hong Kong’s retail downturn by achieving strong growth offshore. The Hong Kong based company has revealed its annual results in the year to June 30, reporting a mere one per cent decline in sales to HK$2.523 billion, and…
China online shopping sales grew a staggering 48.7 per cent during the first six months of this year, according to data from the China e-Business Research Center (CECRC). Online retail sales hit 1.6 trillion yuan (US$250 billion) and accounted for 11.4 per…
China reported August retail sales that grew 10.8%, which beat the consensus 10.6%. Most encouraging was that online retail sales remain robust, underscoring my bullish view on Alibaba. As for offline retail, jewelry grew off a lower base so we view this of a…
Continuing volatility in the market and the exchange rate landscape in Hong Kong, Macau and the Asia Pacific region (excluding Japan) has been blamed for Prada’s overall net profit fall of -23% to €188.6m ($212.7m) in the first half of 2015. Despite the big…
Real Singapore retail sales rose 2.6 per cent in July over June and by 0.8 per cent year on year. That’s according to official government data after the sales of motor vehicles are removed from the figures. That follows falls of 3.9 per cent and three per…
Ikea has announced impressive growth in sales across the globe, achieving £23bn in the year at the end of August. Sales were up by 5% on the previous year in comparable sales. The furniture giant has 328 stores across 28 countries, and estimates that they…
NYSE-listed pharmaceutical retailer China Nepstar Chain Drugstore says increased staff training and promotional activity fuelled a 12.9 per cent rise in sales in the latest quarter. In the three months to June 30, China Nepstar achieved US$125 million in…
Jeweller Tiffany & Co says its 30 China stores posted record double-digit sales growth in the second quarter. China is the world’s second largest luxury market and accounts for 10 per cent of the US company’s global store network. And despite the Chinese…
Malaysian cafe chain OldTown Coffee has reported falling sales and profits as Malaysians continue to get used to life after the imposition of GST on April 1. The company, which operates 210 discount coffee shops and sells packaged coffee through FMCG…
Demand from China has helped drive the massive success of the iPhones 6, but will it do the same for the Apple Watch? The early numbers look a bit muted, though still promising. Since the device’s release in May, research firm RedTech Advisors/TalkingData…
Chow Tai Fook Jewellery Group is renegotiating store rents and consolidating its retail network in order to manage rental costs, chairman Henry Cheng Kar-shun said on Thursday. Amid a downturn in the city’s retail landscape, the largest Hong Kong-listed…
