Inside Retail Asia
Chinese online fashion and lifestyle retailer Mogu has reported an 18.7 per cent increase in GMV for the year to March, to US$2.594 billion.
Lulu Group’s retail arm Tablez is moving to invest US$75 million into the Indian market with the aim of opening more than 150 stores by the end of next year.
H&M India reportedly surpassed US$157.6 million in sales in the 12 months to last November.
Aeon Malaysia will spend around US$119 million this financial year on mall renovations and new openings.
Shiseido and AS Watson have been close partners for years – now they are about to get even closer.
Bossini has issued a profit warning saying unseasonal weather and weak consumer sentiment is impacting sales.
Michelin-starred Hong Kong seafood restaurant Xin Dau Ji has opened in Ekovest’s mixed development project, EkoCheras Mall in Malaysia.
7-Eleven Malaysia has achieved sales growth of 9 per cent in the first quarter – and net-profit growth of 24.9 per cent.
DHL China is to start delivering goods by drones, cutting the delivery time on a route in Guangzhou from 40 minutes to just eight.
Rimowa Singapore has opened a new store at the newly refurbished Raffles Hotel.
Yonghui Superstores – part owned by Dairy Farm Group – is among at least eight bidders for the Metro China business.
Bobbi Brown cosmetics is launching on Lazada Malaysia, Thailand and Singapore this week.