GlobalData Archives - Inside Retail Asia
Burberry’s new creative director already showing positive impact
The high-profile appointment of Burberry’s new creative director Ricardo Tisci appears to be paying off…
Superdry ‘struggling to remain relevant’
Superdry’s sales fell further in the latest quarter as its co-founder retakes control of a retailer “struggling to remain relevant”.
Forever 21 Chinese online store to close
Fashion retailer Forever 21 will close its Chinese e-commerce website amist indications of possible physical store closures to come.
Tesco Asia sales fall as restructure takes effect
Tesco Asia like-for-like sales fell 6.2 per cent last year.
JD Sports to acquire Footasylum for US$120 million
After acquiring an 18.7 per cent interest in the business, JD Sports has made a move to acquire footwear retailer Footasylum, offering $1.54 per share.
French Connection turns a corner, but still posts a loss
For the first time in seven years, shrinking UK fashion retailer French Connection has achieved an underlying profit.
China retail industry poised to overtake the US
Turnover in the Chinese retail industry will eclipse that of the US later this year, according to analyses.
Gap brand sales slump as parent fails to re-engage
Gap brand sales fell 7 per cent globally in the last quarter as the US apparel retailer fails to re-engage consumers.
Victoria’s Secret ‘needs to reinvent’ after L Brands loss revealed
Lingerie brand Victoria’s Secret needs to reinvent itself, says retail analyst Neil Saunders.
J Crew CEO in ‘worrying’ sudden exit
The sudden departure of J Crew CEO Jim Brett worrying as it leaves the company leaderless at a time it desperately needs focus.
Momentum drives Walmart sales up again
Walmart sales reached US$124.9 billion in the third quarter, an increase of 1.4 per cent.
Acquisitions flatter Michael Kors sales performance
Michael Kors sales grew 9.3 per cent to US$1.25 billion during the second quarter – but the figures were flattered by new acquisitions.
