Macau Latest News - Inside Retail Asia
Chow Tai Fook Jewellery Group’s fourth quarter saw e-commerce business soar in Mainland China.
Retail sales in Hong Kong and Macau have shown continuous positive growth for Sa Sa International Holdings.
Despite fewer shops, Bauhaus International Holdings saw same-store sales edge up for its latest fiscal year.
LVMH Moet Hennessy Louis Vuitton has had a strong start to the year despite end of its Hong Kong International Airport concession.
With a focus on urban markets, Chow Sang Sang Holdings International plans to open around 50 stores this year.
While menswear retailer Trinity saw sales slide last year, CEO Jeremy Hobbins says there are signs the group has “turned a corner”.
Natuzzi and Kuka furniture company have agreed to make the wholly owned subsidiary Natuzzi Trading (Shanghai) a joint venture.
Cosmo Lady has formed a joint venture with Shanghai Kappa to develop and sell intimate apparel in China.
Hong Kong retail rents are expected to move into an “early upswing cycle” this year according to a regional real estate market briefing prepared by Savills.
Hermes Asia sales grew 11.3 per cent last year toUS$2.4 billion as the luxury retailer set a new record for gross retail margin.
Hong Kong timepiece retailer Emperor Watch group rebounded into profit last year as the luxury market began to recover.
Samsonite Asia sales lept 16 per cent last year, driven by the acquisition of Tumi.