China Latest News - Inside Retail Asia
Huawei Malaysia has opened its largest flagship store, at the Pavilion KL in Kuala Lumpur.
Frette China has opened its first flagship store, in Shanghai’s Puxi district.
Li Ning e-commerce sales soared 90 per cent last year, driving an overall 13 per cent gain.
Tumbling turnover and gross profit margin have flipped an operating profit to a loss for Bonjour Holdings.
Takashimaya Duty Free Shop will open late next month in downtown Tokyo.
European luxury online retailer MyTheresa.com is launching a Korean-language site.
Revenues for China’s Tencent Holdings grew by 48 per cent last year.
French luxury goods brand Hermes made a record net profit last year of €1.1 billion (US$1.19 billion).
The Tencent brand remains China’s most valuable, growing its worth 29 per cent to US$106 billion, according to BrandZ.
Seafood restaurant owner Jumbo Group China has signed a JV agreement to open its first outlet in Beijing.
Nike sales rose 15 per cent in Greater China in the latest quarter.
Online retailers are set to open 13 outlets at Lotte Department Store branches in the next three months.