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The luxury brand Hermès recently celebrated the grand reopening of its outlet located in Sogo Fuxing Mall, Taipei. This event comes after a considerable period of renovations, reflecting the brand’s innovative and dynamic spirit that mirrors the vibrant…
A second Sogo Malaysia department store has launched at Central I-City shopping centre in Shah Alam, Selangor. The new four-storey store, designed according to a distinctive Japanese aesthetic, features 18,581sqm of retail space and more than 400 brands in a…
Sogo department stores parent Lifestyle International has reported a 50 per cent drop in net profit for last year, despite increased sales. While turnover rose 16 per cent to HK$4.36 billion (US$555 million), net profit fell to $1.69 billion ($215 million).…
Japanese retail giant Seven & I has reported a 15.8 per cent increase in net sales for the nine months to November. Profit rose by a less impressive 2.9 per cent. The 7-Eleven parent said its overseas convenience store business achieved an impressive 15.7 per…
Sogo store sales on both sides of the harbour surged ahead in the first half of this year. Causeway Bay recorded a 20 per cent upturn in sales during the six months to June 30, as inbound tourist numbers rebounded and consumer spending improved. The…
Hermes Asia sales grew 11.3 per cent last year to €1.946 billion (US$2.4 billion) as the luxury retailer set a new record for gross retail margin. The company said the retail market was improving in Hong Kong and Macau, with the Asian market “pursuing its…
Selangor’s Central i-City Shopping Centre is scheduled to open in the fourth quarter of the year. A collaboration with i-City Properties, it is the first international regional shopping centre for Thai developer/investor CPN and Malaysia’s i-City Properties.…
US private-equity company General Atlantic has made its first investment in Indonesia by buying into lifestyle retailer Mitra Adiperkasa (Map). It has subscribed for Rp1.08 trillion (US$80.5 million) in bonds issued by Map which are convertible into shares in…
Twilight has come for the retail industry in Hong Kong, said cosmetic outlet operator Sa Sa International (0178) chairman Simon Kwok Siu-ming, although he remains optimistic of better days ahead. The week-long national holiday saw improved sales for the firm,…
British menswear brand Ben Sherman has opened for the first time in Shanghai – at two locations. The Ben Sherman China stores are in the Hopson Mall and Sogo department store. “These distinct retail destinations are prime for Ben Sherman, with an influential…
Luxury Italian fashion house Bruno Magli Hong Kong has established its first foothold in Asia with a shop-in-shop retail boutique. Marking its 80th anniversary, the heritage brand earlier announced expansion plans for Asia. Its debut outlet is on the new…
Lifestyle International (1212) non- executive chairman Thomas Lau Luen- hung said the company is looking to open a third SOGO department store in Hong Kong and expects the investment to be no less than HK$5 billion. There are so far two SOGO branches in Hong…
Bruno Magli Hong Kong will launch in August as the Italian luxury brand signs partnerships in China and Japan, paving the way for a focussed Asian expansion. The luxury Italian fashion brand has signed new partnerships in Asia with Sitoy Retailing in China…
Make-up brand Lancome, along with other stores owned by French cosmetics giant L’Oreal, closed in Hong Kong yesterday in the face of protests over the cancelling of a Lancome-sponsored concert featuring a pro-democracy singer. As well as Lancome’s booth at…
Losses have forced two Seven & I store closures in regional Japan, both outlets after 40 years of trading. Seven & I Holdings, which owns the Sogo and Seibu department store chains, is closing a Sogo store in Kashiwa, Chiba Prefecture, and a Seibu store in…
Department store Sogo expects a gloomy year ahead due to a strong Hong Kong dollar and weak mainland tourists numbers. Its iconic Causeway Bay outlet recorded a 4.5 per cent year-on-year drop in sales, according to figures released yesterday. To survive in…
