Topic
87 stories in this topic
Traditional Chinese medicine retailer Eu Yan Sang lost $3.6 million in its last quarter, blaming weaker sales in Hong Kong and Malaysia. Its full year profit to June 30 was down 70 per cent on the previous year at $4.56 million, compared with $15.03 million…
Hermes Japan has driven the luxury handbag and apparel brand to a 20 per cent increase in first half profit. For many successive quarters, Japanese have been maintaining tight control of their spending – but this year life has returned to the retail sector –…
Leather goods maker Coach Inc. is shutting one of its three flagship locations in Hong Kong, the latest retailer to be hit by the drop in the number of mainland Chinese visitors to the city amid a slowing economy and weaker yuan. The store towers above…
Luxury handbag store chain Milan Station Holdings Ltd. has reported a sharp 78.6 per cent year-on-year decline in its retail revenue derived from the Macau market for the first six months of this year, the company announced in its results filing with the Hong…
Vietnam is the fastest growing smartphone market in South East Asia, where sales topped $8bn in the first half of the year according to new figures. Data from market researcher GfK indicated that, overall, some 39.8m smartphones were sold in the region, up…
Cosmetics-giant Estée Lauder Companies reported a decline in travel-retail sales in fiscal year 2015 (ended June 30, 2015), despite an increase in global airline traffic and expanded distribution in the channel. The company said that a stronger dollar and the…
The retailer’s global online sales increased 16% in Q2, excluding the impact of the stronger U.S. dollar. Wal-Mart Stores Inc. says its heavy investment in e-commerce infrastructure is paying off, with online sales growing by double-digit percentages, but…
QKL Stores a regional supermarket chain in Northeastern China and Inner Mongolia, has announced improved sales, but lower profit in the second quarter. Zhuangyi Wang, chairman and CEO, said the company had boosted its promotional activities in existing stores…
Don’t be fooled by mainstream media headlines reporting a rebound in Singapore retail sales. The 6.1 per cent increase headline year on year increase is almost entirely driven by a near 50 per cent surge in motor vehicle sales. Core retail sales rose a modest…
A decline in the number of shoppers from mainland China travelling to Hong Kong to buy luxury goods has continued to be a drag on Burberry, the British retailer best known for its trenchcoats and cashmere scarves. Burberry said on Wednesday that comparable…
British way of life trend model Ted Baker has reported robust efficiency throughout all international markets and distribution channels within the 18 weeks to June 6. Group income soared 24.2 per cent above the identical interval final yr, with retail gross…
Lenovo Malaysia says it’s going to increase its retail presence because it goals to develop its share of the PC market. The corporate unveiled a change technique this week based mostly on new enterprise fashions to its Malaysian channel companions. It says…
Singapore’s Metro Holdings has reported an 82.7 per cent fall in its internet revenue to S$7.6 million within the fourth quarter. Full yr earnings, nevertheless, rose 33.7 per cent to $142.9 million on income up four.78 per cent to $145.eight million. The…
Hong Kong retail gross sales in April slipped 2.2 per cent on a yr on yr foundation, proof that the decline in retail spending is stabilising. The Census and Statistics Division (C&SD) says the entire worth of retail gross sales in April 2015 is provisionally…
Retail gross sales and repair income within the first 5 months of the yr totalled VND1,305 trillion (US$60.67 billion), based on the Common Statistics Workplace (GSO). The determine represents a 9.1 per cent improve on the yr, the GSO stated, including that…
Listed comfort retailer operator 7-Eleven Malaysia says gross sales soared 23.7 per cent within the first quarter, previous to the April 1 introduction of GST. And the corporate, in a press release to the inventory trade, expressed optimism in its instant…
