Inside Retail Asia
Alibaba revenue rose to US$16.91 billion in the September quarter, 40 per cent above the $12.1 billion during the same period last year.
Maternity retailer Mothercare has placed its UK business into administration as it seeks to protect its profitable international business.
Starbucks China same-store sales grew at 5 per cent in the latest quarter, while its store network is up 17 per cent year on year.
South Korean online fashion retailer Bugun FNC has reached $172,000 in sales at a single store through an offline sale event called ‘Vely Market’.
The Shilla has won the race to operate one of the two Macau duty-free concessions at the territory’s international airport.
Hong Kong retail sales in September were down 18.3 per cent on the same month last year, but the decline was less than in August.
Online fashion platform Zalora is entering the childrenswear market.
A majority stake in the operator of the Dairy Queen and Papa John’s Pizza chains in China is likely to go on the market.
Nike has agreed to sell its Hurley brand to Bluestar Alliance.
Luxury fashion brand Dior has launched a pop-up at Isetan in Tokyo.
Alibaba is resuming plans to list on the Hong Kong exchange in a move expected to raise US$10–15 billion.
Asian deals dominated global retail acquisitions in September according to a database compiled by GlobalData.