Asia Archives - Page 2 of 3 - Inside Retail Asia

Asia focus for H&M

Asia is taking on increasing importance for Swedish retailer H&M, which this week reported an eight per cent profit rise. Sales have got off to a good start with an increase of 12 per cent in local currencies in the first quarter in a fashion retail market that in many places is still characterised by a challenging macroeconomic situation, said CEO Karl-Johan Persson. The company is gearing up to launch its online shop in China at the end of the year. This year will also see the com…

Ogio expands in Asia

Sporting goods maker Ogio is further expanding in Asia. Following the highly successful debut of its first two store locations in Beijing and Shanghai, Ogio now plans to open two more in Indonesia and South Korea. The South Korea store will open in Seoul on April 11. The two-storey location will be the brand’s biggest store to date in the country. “The Seoul location is a testament to the explosive growth we foresee for the Ogio brand in Korea,” said Jae Hong June, CEO, MFS Korea, O…

Asia business sentiment regains ground

Business sentiment among Asia’s top companies edged up in the first quarter. According to intellectual property company Thomson Reuters, solid improvement in the Philippines and South Korea outweighed weakness in China, India and Australia amid persistent concerns over the global economy. The Asia business sentiment index broke two consecutive quarterly declines and rose to 64 in the first quarter of this year from 62 in the fourth quarter of 2013. A reading above 50 indicates an overall p…

Muji enters Australia

Japanese lifestyle brand, Muji, will open the doors to its first Australian store at Chadstone Shopping Centre today. Dubbed “Japan’s answer to Ikea”, the debut store will be open to the public from 12pm. “Our first Australian store is finally here in Chadstone! The grand opening is 12:00 noon today! The opening ceremony is held in front of the store from 8:15am-9:00am also and everyone is invited,” Muji Australia posted on its Facebook page. The Australian flagship will be jo…

Samsonite plans Asian acquisitions

US luggage maker Samsonite is allocating $1 billion to buy Asian brands. The plan comes after its net profit grew 17 per cent during the first six months on the back of sales rise. Asia accounted for 37.6 per cent of Samsonite’s global sales, of which 9.5 per cent were from China. The company foresees the Chinese market to overtake the US market in three years, it says. Having said that, the company thinks it is the right time to look at local brands. “We have a strong balance she…

Asia outpaces US in m-commerce

Study shows Asians embrace mobile shopping more than Americans.

Think China and Asia

The opportunities in China are endless for Australian retailers if you tap into past experience and local expertise.

Elie Saab aims big in Asia

Lebanese fashion brand to open freestanding stores in Hong Kong, Beijing and Shanghai.

Ikea to open largest Asia store

Second Ikea store in Beijing to be bigger and better.

Asia’s retail boom leads the world

Asia’s retail boom is continuing to dwarf other regions, despite global economic uncertainty, according to a new report by PwC.

Van de Velde buys into Asia

Belgian lingerie retailer invests in Hong Kong-based lingerie concept.

Jack Wills’ Asian foray

Two stores set to to open in Hong Kong.