sales Archives - Inside Retail Asia

H&M’s profit falls in latest quarter

Stores to get chopped as fast fashion giant evaluates ‘redrawn’ competitive landscape.

H&M’s profit falls in latest quarter

Stores to get chopped as fast fashion giant evaluates ‘redrawn’ competitive landscape.

Thai online retail sales to stagnate

Online sales in Thailand will continue account just one per cent of the total retail sales through 2018. According to research firm Euromonitor International, online retailers in Thailand will experience stagnating sales over the next four years due to stiff competition from traditional retailers who are fast expanding across the country. Many Thais prefer to touch products before buying them, a factor against online sales. Lack of confidence in online payment security and delivery service…

China retail sales rise

Retail sales in China rose 11.9 per cent year on year in August. Data from the National Bureau of Statistics showed retailers in China achieved 2.11 trillion yuan ($343.3 billion) in sales last month. Online retail sales soared 54.9 per cent year on year to 250.6 billion yuan. Sales of consumer goods were up 12.3 per cent to 1.88 trillion yuan while the catering sector registered sales of 230 billion yuan, an increase of 8.4 per cent. Sales in rural areas increased 12.8 per cent and …

China lifts Ikea’s sales

Swedish furniture retailer Ikea said sales in the year to August rose 3.6 per cent to €29 billion ($37 billion). China was the fastest growing market, North America continued to perform well and while the challenging economic situation may not be over, Europe continued to improve it said. Ikea’s e-commerce division showed strong growth, while the number of store visitors also increased. “We have a clear multichannel strategy. We are becoming more accessible by continuing to improve …

Vietnamese spending power rises

Vietnamese purchasing power has grown slightly during the first eight months of the year. Vietnam’s General Statistics Office pinned the growth on the 11.4 per cent to VND1,900 trillion (US$90.5 billion) increase of goods and services sales from January to August. The retail sales of goods totalled VND1,400 trillion ($68.14 billion), 10.7 per cent higher than last year. Sales at hotels and restaurants rose 11.8 per cent while sales from other services increased 15 per cent.

Hong Kong retail sales slip

Decreasing visitor arrivals to Hong Kong have resulted in a drop in retail sales. June sales declined 6.9 per cent to HK$37.1 billion ($4.8 billion) from a year ago, with watches and jewellery driving the slump, that category falling 28.2 per cent. Retail sales for the first six months decreased 1.3 per cent. LVMH is one of the luxury retailers hit by sales slowdown in Hong Kong, partly blamed on political unrest there.

China first half retail sales rise

Retailers in China saw sales grow 12.1 per cent year-on-year from January to June. According to the data from National Bureau of Statistics, retail sales in China during the first half totalled 12.42 trillion yuan (US$2.02 trillion). Online retail sales increased 56.3 per cent to 181.9 billion yuan. During the six months, retail sales of consumer goods in urban areas was 10.7 trillion yuan, up 12 per cent year-on-year and those in rural areas totalled 1.7 trillion yuan, up 13.2 per cent. …

Four key offline rules to maximise online sales

By Athena Koutsonikolas Asians love to shop – it’s almost cultural in markets like Hong Kong, Malaysia, Singapore and Thailand. But with an offline shopping culture so ingrained in the DNA of the consumer mindset, how can retailers be sure to optimise their online sales? A recent infographic by web design company Go-Globe, illustrates Asia’s e-commerce sales are expected to increase to over half a trillion US dollars by 2017. But after attending the Retail Asia Expo in Hong Kong a cou…

China’s May sales accelerate

Retail sales in China rose by 12.5 per cent year on year to 2.13 trillion yuan ($348.4 billion) in May. That’s higher than the forecast 12.1 per cent. And according to the National Bureau of Statistics of China, the nation’s retail sales rose 12.1 per cent during the first five months of the year. Retail sales in urban areas increased 12.3 per cent in May and 13.9 per cent in rural areas. Li Maoyu, analyst at Changjiang Securities, said: “China’s economy is stabilising. As the pro-gr…

[:en]Hong Kong retail sales plummet[:zh]香港零售业销售额直线下降

[:en]Retail sales in Hong Kong dropped 9.8 per cent to HK$38.8 billion year on year in April. According to Census and Statistics Department, it’s the sharpest drop in five years. It says the notable fall in retail sales was mainly due to the plunge in the sales of jewellery, watches and clocks and valuable gifts as the number of mainland visitors to Hong Kong fell. The value of sales of jewellery, watches and clocks, and valuable gifts decreased by 39.9 per cent in April 201…

[:en]Uniqlo Japan sales up[:zh]Uniqlo日本销售增加

[:en]Uniqlo’s domestic same store sales increased by 4.1 per cent year on year in May. It attributed the sales increase to rising seasonal temperatures which buoyed sales of summer garments throughout the month. Total sales included online sales which increased by 7.4 per cent. Uniqlo has boosted its marketing by launching an smartphone app UTme! allowing consumers to design their own clothes. Users can take photo, type text or draw a design, then upload to the Uniqlo website.…