Australia’s Cotton On Group is launching three of its fashion and lifestyle brands into Vietnam, with the first Cotton On store already open in Ho Chi Minh City and Rubi and Typo to follow within the next month. The first store was opened in Ho Chi Minh’s Vincom Thao Dien shopping centre according to The Saigon Times, with a second store in Aeon Mall, Ha Dong to follow shortly.
Australia’s Chemist Warehouse is opening its first brick-and-mortar store and launching on a new online marketplace in China.
UK sportswear business JD Sports saw revenue improve 47 per cent over the first half year to £2.72 billion, with global like for like sales growth of 12 per cent.
Apple this week unveiled a cheaper generation of smartphones after several consecutive quarters of declining iPhone sales.
Despite being started by New Zealand entrepreneur and former footballer Tim Brown, wool-based footwear brand Allbirds has only been available online its home country.
Swedish furniture business Ikea has committed to invest further into smart home products, and has spun off the Ikea Home smart project team into a dedicated business unit within Ikea Sweden. Ikea Home Smart was initially conceived in 2012 in order to integrate new, smart technologies into Ikea products, such as wireless charging, smart lighting, as well as smart speakers made in collaboration with Sonos.
Adidas, Nike, Under Armour and others call for end to trade war.
Alibaba executive chairman Joe Tsai confident his company is on the right side of the trade war between the US and China.
Amazon profit surged 118 per cent during the first quarter of this year, from US$1.6 billion to $3.56 billion.
After acquiring an 18.7 per cent interest in the business, JD Sports has made a move to acquire footwear retailer Footasylum, offering $1.54 per share.
Hugo Boss expects operating income to remain flat at approximately $783.2 million (€491 million) – the same figure seen in 2017.
J.Crew chairman and former-chief executive Millard “Mickey” Drexler has stepped down from his position to focus on other interests.