Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns in China.
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JD Worldwide has teamed with LG and Korea International Trade Association (KITA) to introduce more Korean brands to Chinese customers.
Apparel chain Esprit will axe 1200 employees globally, including 100 in its Hong Kong office and 800 store employees in Germany as part of its ongoing restructuring programme.
Alia Gogi has been appointed as the new president of Sephora Asia, succeeding Benjamin Vuchot.
American fast-casual restaurant chain Shake Shack is planning to open at least 15 new venues in South China by 2030.
Apparel, footwear and accessories firm VF Corporation is making a series of organisational changes it says will “strengthen and accelerate” its business strategy in Asia Pacific, with a particular focus on China.
The Asia-Pacific luxury-goods market is projected to sink by US$2.1 billion this year as consumers switch from big-ticket items to affordable luxury.
Listed Hong Kong timepiece retailer Oriental Watch Holdings has weathered the multiple crises of the last year to record a profit of US$12.9 million.
Hong Kong-listed jeweller Luk Fook has reported early signs of a recovery in the Hong Kong market this month, despite the border with China still closed.
Nike sales in China surged 11 per cent last year, marking the sixth consecutive year of double-digit growth in the market for the US sports brand.
American brand management company Iconix Brand Group has sold the Starter China business for US$16 million to an unnamed local investor.
Chinese property-development company Country Garden has launched the world’s first robotic restaurant, in Guangdong.
The new Huawei Shanghai store, the Chinese smartphone and electronics brand’s largest yet, opened its doors this week.