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Adidas China sales flat, but German brand expects profit rebound

German sportswear firm Adidas said on Thursday it expected a rebound in profits in the third quarter after it plunged to a big loss in the second quarter when the majority of its stores were closed due to coronavirus lockdowns.

VF Corp names new China chief

US apparel firm VF Corp has appointed Winnie Ma as its new president for Greater China.

Hugo Boss China sales rebound in June

Hugo Boss sales returned to strong growth in China in June and online sales jumped 74 per cent in the second quarter, the company announced.

Jason Wu opens first boutique in Shanghai

Taiwanese-Canadian designer Jason Wu has opened his first global flagship boutique in Shanghai, China.

Lawson unveils portable convenience stores in China

Japanese convenience store chain Lawson is launching a series of prefabricated stores in China.

Li & Fung, JD to invest $100 million in developing digital supply chain

Chinese e-commerce giant JD has invested US$100 million in Li & Fung via newly issued capital as a move to further develop its digital supply chain.

I.T Limited sales, margins eroded due to Covid-19 lockdowns

Hong Kong-headquartered fashion retailer I.T Limited says its sales have fallen in all of its markets, with the US and Japan the worst affected.

Groceries, furnishings underpin profit for Dairy Farm Group

Declining health-and-beauty and convenience-store sales and a subdued Maxim’s food business took the shine off Dairy Farm Group’s first half year.

Burberry teams with Tencent to launch world-first social-retail store

Luxury fashion label Burberry has teamed with technology giant Tencent to launch its first social retail store in Shenzhen, China.

Taobao looks to boost young entrepreneurs showing originality

Chinese social commerce platform Taobao has inaugurated a new ratings system to reward deserving young creators and small enterprises.

Starbucks sales soured by Covid-19

Fiscal third quarter results for international coffee giant Starbucks show a drop in sales globally – partially offset by increases in average ticket – as the firm continues to battle a poor business climate heavily impacted by the coronavirus pandemic.

Yum China committed to network growth despite Covid-19’s impact on sales

Not even a deadly pandemic is slowing Yum China’s rapid expansion programme, with the company on track to open 850 stores this year.