luxury Archives - Inside Retail Asia

Russian luxury retail sales recovering

Russian luxury retail sales are staging a comeback.

Headwinds will cramp luxury retail sector, says Euromonitor

The luxury retail sector will grow next year – but at a disappointingly slow rate, according to the latest report from Euromonitor.

Chinese demand to drive growth in Australian luxury

Growth in luxury Australian retail tipped to continue, according to new research.

Hong Kong retail ‘moves to the middle’

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 slump projected

Macau luxury retail sales slumped 30-50 per cent in the first half of 2015.

Thai beauty market booms

Sales of luxury beauty goods in Thailand surged 24 per cent last year, aided by cuts in import tariffs.

Hengdeli shifts focus to mid market

Chinese watch retailer and wholesaler Hengdeli Holdings is to expand into the mid market as it mainland China business grows.

Isabel Marant to launch in China

Paris-based fashion brand Isabel Marant will expand across greater China after entering into a partnership with Lane Crawford subsidiary ImagineX Group.

Sephora thrives in Asia

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…

Asia still Luxury Central

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…

China’s luxury reign ‘has just begun’

Luxury brands should forget the doomsayers in the wake of China’s clampdown on gift-giving: the Chinese will still dominate the luxury sector in the future. That’s the view of luxury expert, Erwan Rambourg, who after working eight years in the sector and another 10 years researching it, believes doubts on Chinese luxury consumption are ill-founded. He argues in a new book The Bling Dynasty that Chinese demand is at a tipping point – they will continue to fuel domestic demand and – more im…

Asia downturn hurts Richemont

Swiss luxury retail operator Richemont says its first half earnings fell 24 per cent – largely due to slowing demand in Asia. The listed parent of a raft of brands including Piaget, IWC, Cartier and Shanghai Tang says sales in its key two markets China and Hong Kong fell two per cent year on year, eroding an increase in Europe, where the market is recovering. Asia accounts for about 40 per cent of the group’s sales. Its profit fell from €1.19 billion last year to €908 million. Sal…