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Financial

Financial Archives

Coupang revenue soars 32 per cent, fuelling gross profit boost

Gaurav Anand, CFO at Coupang, said the company has recorded its highest gross profit yet during the quarter

Ferragamo CEO promises quick turnaround despite China hit

Marco Gobbetti, who joined the family-owned group in January from Burberry, forecast a rise in Ferragamo's sales this ye...

Sacha Laing and Richard Facioni on what’s next for General Pants

Investment in online and international expansion are on the cards for the streetwear retailer, following its recent acqu...

Luxury brands navigate Shanghai’s lockdown to keep VIPs pampered

Shanghai has seen some of the strictest containment measures worldwide.

Managing inflation: Here’s how to know when the price is right

Costs are going up for businesses and that won’t stop any time soon. But before you decide just what expenses to pass on...
Adidas-China

Adidas lowers 2022 expectations amid China lockdowns

Adidas also cut its operating margin forecast, saying it will remain at the previous year's level of 9.4% instead of inc...

Singapore retail sales rebound as Covid impact wanes

Singapore retail sales bounced back in March as the city state continued to ease Covid-related trading restrictions.

Omicron restrictions throttled Hong Kong retail sales in March

Of March’s total retail sales, online sales accounted for 11.7 per cent, up by 30.9 per cent year on year.

Yum China sales fall as pandemic impact worsens

The company also expects a loss for the second quarter as China tightened movement restrictions to slow the spread of Om...

Hugo Boss thrives as it successfully connects with Gen Z

The important China market, however, failed to perform for the end of the quarter, with sales down 1 per cent.