Inside Retail Asia
Same-store sales by watch retailer City Chain improved last year – but parent Stelux Holdings still recorded a loss of US$4.4 million.
Pre-owned luxury fashion retailer Vestiaire Collective has completed a €40 million round of financing led by BPIFrance and new CEO Max Bittner.
Japanese tax-free store operator Laox plans to raise US$94 million to expand its activities in China and boost its e-commerce footprint.
For the first time in five years, the Lazada brand has had a revamp, reflecting a transition into a lifestyle destination.
Chinese online pharmacy Ecmoho is seeking to list on the New York Stock Exchange in order to raise US$100 million for expansion.
An e-commerce-driven warehouse boom will see 57,000 more distribution centres in operation by 2025 then existed last year.
Online shoes-from-plastic brand Rothy’s is opening its first physical stores in four key US locations.
Luxury fashion house Prada has launched a pop-up store at Atrium II in Harbour City to introduce its Prada Thunder project.
Hong Kong e-commerce platform Shopline is launching into a second Southeast Asian market after finding success in Vietnam.
Gentle Monster Kids makes its debut in Singapore at its Marina Bay Sands flagship.
Global character brand Line Friends opened its second and largest official US store last Saturday. The new Los Angeles store on Hollywood Blvd, which offers interactive photo zones and signature character merchandise, attracted more than 18,000 visitors on opening weekend. It features a large-scale retail space with a wide array of photo zones and Instagram-ready displays.
Coffee concept % Arabica Singapore is to open three stores initially, the first on Arab Street next week.