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

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M&S China restructure

UK department store Marks & Spencer (M&S) will close five stores in Shanghai.

Jollibee to open 330 stores

Jollibee Foods will open 330 new stores in 2015 on the back of a solid boost in sales and profit last year.

Kate Spade targets 100 stores in Greater China

Kate Spade is to buy out its Chinese joint venture partner in favour of a new partnership with Lane Crawford Group. Walton Brown, the brand wholesaling and retailing subsidiary of Hong Kong-based department store operator Lane Crawford, will team with Kate Spade in a major expansion of the New York brand into mainland China, Hong Kong, Macau and Taiwan in a new joint venture announced overnight, targeting 100 stores long term. The newly formed partnership will leverage the expertise of Walto…

Shop with Batman in Macau

Casino and resort developer Melco Crown Entertainment has unveiled a US$3.2 billion cinema-themed casino, resort and retail destination in Macau. Studio City will “transport the visitor into a stunning cinematic world with awe-inspiring entertainment offerings, delivered by the world’s leading entertainment partners, positioning this new destination resort as Asia’s entertainment capital”, the company said in a statement. US-based shopping mall developer Taubman will manage a 300,000 s…

‘Significant decline’ in Richemont Asia sales

Luxury retail group Richemont says third quarter sales were down 12 per cent in Asia Pacific, on a constant currency basis. The company says worldwide sales in the quarter to December 31 were flat, with growth in Europe, the Middle East and the Americas offset by a significant decline in Asia Pacific. Swiss based Richemont is the world’s second largest luxury brand company and parent of the Dunhill, Cartier, Jaeger-LeCoultre, Montblanc, and Van Cleef & Arpels brands, along with onlin…

Missha shutters Hong Kong shops

Korean cosmetics brand Missha has apparently shut up shop in Hong Kong. Staff and customers alike turned up to the brand’s 20 stores across the city on Friday to find signs attached to the protective roller doors with messages along the lines of: “Missha is not available to serve you and we apologise for any inconvenience caused”. News organisations in Hong Kong have been unable to track down store managers or head office staff and have concluded the brand is exiting the market. Even o…