Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Hong Kong retail sector.

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Modern Beauty profits from staff cull

Listed company Modern Beauty Salon Holdings has issued a positive profit warning.

Veeko, Wanko and Colourmix parent finds Singapore tougher than HK

Hong Kong-headquartered fashion retailer Veeko – the Wanko and Colourmix parent – has found Singapore more challenging than its home market.

Sa Sa profits dive

Sa Sa profits took at 37.3 per cent hit during the six months to September 30.

Online boom for Gome Electrical

B2C eCommerce revenue hit 79.3 per cent growth for Gome Electrical Appliances Holding in its first nine months.

Dah Makan hoping venture capitalists deliver

Malaysian food-delivery startup Dah Makan is working on a funding round with global venture capitalists.

Smith & Wollensky restaurants going global

US steakhouse Smith & Wollensky plans to set up in Bangkok, Hong Kong, Seoul, Singapore, Taipei and Tokyo.

Mixed result for Salvatore Ferragamo

Business in Hong Kong remains negative for Italy’s Salvatore Ferragamo.

Hong Kong still tops Asian retail rent rankings

Tokyo’s Ginza has overtaken Sydney into second spot behind Causeway Bay in the latest DTZ/Cushman & Wakefield Asian retail rent rankings.

Yue Yuen Industrial profit climbs 30pc

Profit for footwear manufacturer Yue Yuen Industrial (Holdings) rose 32 per cent for its latest nine months.

Sales, profit ease for Giordano International

A slight downward turn for sales and profit has been recorded by Giordano International in its third quarter.

Burberry Hong Kong will ride out downturn

Burberry Hong Kong stores will continue to trade as they are with no short-term plans to close any stores, says CFO.

Retail decline in China, says Fitch report

China’s traditional retail industry is continuing to decline with demand likely to “remain muted” into next year, according to a new Fitch report.