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Costs related to the closure of retail stores were among the factors contributing to reduced second-quarter earnings for Singapore’s Wing Tai Holdings. Store closures caused a 12 per cent rise to S$23.8 million in administrative and other expenses…
Last year is yet another in a line of several that proved tough for the luxury retail industry in China. The anti-graft campaign has continued in full force, causing some shoppers to steer clear of flashy, high-cost purchases, while online shopping has driven…
Asif Ahmad, the UK ambassador to the Philippines, is one of the busiest diplomats in the country, as he leads, almost on a weekly basis, the opening of new outlets put up by dozens of British companies which are taking advantage of the rapidly growing…
Wing Tai, the corporate retailer which partners with Uniqlo and a raft of other brands, including the Arcadia Malaysia stores, says it is streamlining its retail business. The listed company has 85 retail stores in Malaysia’s major cities under 12…
UK-based fashion group Topshop has shuttered its stores in Japan. No explanation has been given for the closure – but it appears Topshop’s parent Arcadia Group is in some form of dispute with its Japanese partners. In a statement issued overnight in response…
