luxury Archives - Inside Retail Asia
Russian luxury retail sales are staging a comeback.
The luxury retail sector will grow next year – but at a disappointingly slow rate, according to the latest report from Euromonitor.
Luxury department store Lane Crawford is offering a modern take on Chinese traditions for the Lunar New Year.
Growth in luxury Australian retail tipped to continue, according to new research.
Hong Kong retail is moving from its traditional luxury focus to the mid market and the demographics of shoppers change, according to a report from CBRE.
Macau luxury retail sales slumped 30-50 per cent in the first half of 2015.
Online luxury fashion retailer Xiu.com says Chinese luxury demand is holding up – but people are buying online, not in Hong Kong.
Sales of luxury beauty goods in Thailand surged 24 per cent last year, aided by cuts in import tariffs.
Chinese watch retailer and wholesaler Hengdeli Holdings is to expand into the mid market as it mainland China business grows.
Paris-based fashion brand Isabel Marant will expand across greater China after entering into a partnership with Lane Crawford subsidiary ImagineX Group.
Louis Vuitton Moet Hennessy says Asia, the Middle East and North America delivered excellent performance for its Sephora, DFS business arm in 2014. The world’s largest luxury goods retailer and manufacturer said the business, in its books referred to as its Selective Retailing division, achieved record annual growth revenue of eight per cent. Profit from the division’s recurring operations reached €882 million in 2014. “Sephora had an exceptional year and continued to gain marke…
Luxury retail continues to show strongest growth in the prime Asian cities according to Colliers International’s latest global retail report. One key factor driving luxury sales is rising consumer confidence due in part to consumers’ fading memories of the recent global economic crisis. Another factor is the sizable gain in income of the highest earners – driving an increased propensity to spend. “Our analysis reveals a retail market that is cautiously optimistic and steadily growing i…