Robert Stockdill is director of content at Inside Retail Asia. A
cloud-based writer with a passion for design and digital communications,
Robert has written about the retail industry for more than 20 years. He
has spent the last eight of those based in Southeast Asia.
Contact him at [email protected]
Hong Kong-listed beauty-products retailer L’Occitane is reaping the benefits of a restructure with profit up 21.8 per cent last financial year to €117.6 million.
Shares in UK-headquartered Ted Baker slumped 25 per cent as the latest financial results show the fashion label may be losing its mojo.
Tiffany & Co sales were hit by what CEO Alessando Bogliolo described as “dramatically lower worldwide spending attributed to foreign tourists” during the first quarter.
Gap Inc sales have slumped globally and across the whole company with the Gap brand the worst performer, down 10 per cent. “This quarter was extremely challenging, and we are not at all satisfied with our results,” said president and CEO Art Peck in a results release. “We are committed to improving our execution and performance this year.” Against a first-quarter Gap Inc sa…
Aldi China will launch on June 7 when the first of up to 100 stores opens in Shanghai.
Another Bangkok riverside mall is in the early stages of planning after the Port Authority of Thailand said it will develop Klong Toey land it no longer needs.
Italian luxury fashion label Prada is to cull its wholesale distributor list, in order to take more direct control of pricing.
Carrefour has denied business media reports it is considering selling all or some of its Chinese retail business.
Struggling Hong Kong-listed retail operator C.Banner International has sold the Hamleys toy store business to India’s Reliance Retail.
Hong Kong-listed sportswear giant Xtep International has bought the K-Swiss, Palladium and Supra brands from South Korea’s E-Land.
Honestbee is freezing operations in Hong Kong and Thailand and laying off staff as it urgently seeks investment to stave off collapse.
Giordano sales in Greater China plunged by 17.7 per cent during the first quarter.