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Sheng Siong looks for new store sites as sales and profit grows

Singapore supermarket operator Sheng Siong says it plans to open more stores across the city in the wake of a 7.4-per-cent profit increase last year.

Louis Vuitton India sales and profits surge

Louis Vuitton India has reported a 24.5-per-cent increase in profit year on year, representing a doubling of income since 2017.

Indonesian beauty brand Natasha Skincare to launch in Malaysia

Indonesian beauty brand Natasha Skincare is to launch in Malaysia after forming a local joint venture with JCG Investment.

Dejected Chinese consumers fear coronavirus will last until at least July

A new report has shown demoralised Chinese consumers are not expecting the coronavirus crisis to end any time soon.

Jollibee Foods profit slides despite strong fourth quarter

Philippine restaurant brand Jollibee Foods suffered a 14.4-per-cent drop in earnings last year after operating income fell by 25.1 per cent.

Loss-making Bauhaus to close 10 stores, axe 100 staff

Hong Kong fashion group Bauhaus International says it will close up to 10 loss-making stores in Hong Kong.

China Jo Jo Drugstores turns to profit in December quarter

Online and offline pharmaceutical and healthcare retailer and wholesaler China Jo-Jo Drugstores boosted revenue by 7.9 per cent in the December quarter

Puma experiences its best year yet as sales soar globally

Puma’s worldwide sales surged 18.4 per cent last year, to €5.502 billion and its pre-tax profit rose 40 per cent to €262 million.

Don Don Donki Thailand to expand after success of debut store

Don Don Donki Thailand will expand its retail network this year after positive trading performance of the first outlet.

Philippine retailers experiencing coronavirus-related sales slump

The Philippines’ largest retail landlord SM Supermalls says retailers’ sales have dropped both at home and in China due to the coronavirus crisis.

Bossini loss balloons as protests hit Hong Kong sales

Apparel retailer Bossini has revealed a loss of HK$93.7 million during the six months to December – more than triple the $25.7 million loss of the same period a year earlier.

WWF ranks Malaysia’s most sustainable retailers

Tesco Stores has been named the most sustainable retailer in Malaysia with the WWF, achieving a 76-per-cent rating on the foundation’s Sustainable Retailers Scorecard.