Fashion

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Retail Asia09/08/2018

After another profit warning, the Esprit share price tanked to just US 25 cents yesterday. The ever-shrinking, one-time fashion giant has delivered more bad news to beleaguered shareholders with an “update on profit warning” foretelling even greater losses this year. In June, Esprit said it expected a loss of HK$2.2 billion (US$280 million) based on write-downs, market exit […]

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Retail Asia09/08/2018

Sportswear retailer Adidas has failed in its bid to prevent a Taiwanese business from registering a visually similar trademark in Singapore. The Intellectual Property Office of Singapore (IPOS) rejected an Adidas lawsuit against Lutong Enterprise Corp, dismissing the claim that the similarities could potentially cause confusion in the market and allowing Lutong to carry on […]

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Retail Asia08/08/2018

Cosmetics brand Lancome has taken over a high-profile retail space in Seoul’s Shinsegae Duty Free store. The 360-degree panoramic LED screen above the signature Shinsegae carousel, facade and surrounding features were fully branded to showcase new products, creating a multi-sensorial concept space intended to immerse guests and consumers in the brand’s “Makeup Is My Power” […]

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Retail Asia08/08/2018

Chinese consumers are powering massive sales growth for beauty products giant L’Oreal in Asia Pacific. During the first half of this year, like-for-like sales in the region soared 22 per cent and it is now on the brink of surpassing North America as L’Oreal’s second largest geographic region in sales, behind Europe. “This strong growth […]

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Retail Asia08/08/2018

The company is working with multichannel in-store and digital production company Immedia on the 24-hour service which is clearly seen as a key development for the retailer. It was officially launched at with a VIP party, with an exclusive live performance by Anne-Marie. It’s part of “a larger programme of added benefits designed to enhance […]

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Retail Asia08/08/2018

Asia “continued to boom” for travel retailer Dufry in the first half of this year. Bali, Cambodia, Indonesia, Macau and South Korea all achieved double-digit sales growth during the half year, with Chinese tourists credited for much of that growth. Australia also achieved “strong double-digit performance” after the full renovation of Dufry’s stores there. “Eastern […]

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Retail Asia07/08/2018

Hong Kong Jeweller Tse Sui Luen (TSL) has moved to target the Chinese middle class, according to a report. TSL has announced plans to open 100 outlets in the Chinese mainland within two years, taking its total number of stores to 487. The firm’s deputy chairman and chief strategy officer Estella Ng Yi-kum commented that […]

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Retail Asia07/08/2018

Luxury down jacket brand Moncler reported strong double-digit sales growth in the first half of 2018, on the back of solid revenue gains in China and Japan. The Milan, Italy-based brand said consolidated revenues reached 493.5 million euros for the six months ended June 30, an increase of 27% (at constant exchange rates), compared to […]

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Retail Asia07/08/2018

The Parisian luxury accessories retailer Faure Le Page will open its first store in South Korea next month. The Faure Le Page store will be the fashion house’s eighth brick-and-mortar store globally when it opens at Hanwha’s Galleria Department Store in Seoul. The French company, which specialises in leather bags and other leather goods, dates […]

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Retail Asia07/08/2018

Skateboarding fashion retailer Vans has partnered with Van Gogh Museum to launch a new range inspired by Vincent van Gogh’s artworks. Vans’ shoes will feature custom footbed art bearing van Gogh brushstrokes and the Amsterdam museum’s logo, as well as a tag with historical facts about the works featured. Other works by the artist will […]

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Retail Asia07/08/2018

Vietnamese jeweller Saigon Jewelry Company (SJC) is set to be privatised next year. The company, which has some 200 retail stores across the country, is one of a group of government-owned enterprises set for spin-off, however specific details have yet to be released. Established in 1988, SJC posted revenue of US$981.3 million and after-tax profit […]

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Retail Asia07/08/2018

Burberry has a new graphic identity. The British megabrand’s chief creative officer Riccardo Tisci took to his personal Instagram Stories to unveil a new logo — stark capital letters saying “Burberry London England,” replacing the previously softer, rounder font — and monogram — the founder Thomas Burberry’s initials “TB” interlocked across a honeyed background — […]

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Retail Asia07/08/2018

Japanese retailer Uniqlo has launched a mobile assistant using Google voice recognition technology to personalise recommendations for customers. The Uniqlo mobile assistant has already undergone significant testing with development partners in Japan, and is already live there. It is intended to streamline internet garment shopping to make the experience fresher and more inspiring. Shoppers throughout […]

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Retail Asia06/08/2018

Hong Kong provided German fashion group Hugo Boss with its strongest market growth terms in the second quarter Sales in Hong Kong and Macau were not disclosed, but the company described growth as being in the double-digits. Sales in Mainland China rose 8 per cent, overshadowed slightly by Europe, where Hugo Boss enjoyed 9 per […]

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Retail Asia06/08/2018

Swedish fast-fashion brand H&M Vietnam has opened it second store in Hanoi – its fourth in the country. The 2000sqm store is located in Vincom Mega Mall Times City, offering the latest summer items, and will host the upcoming H&M x GP & J Baker collection. The opening ceremony was attended by the Swedish Ambassador […]

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Retail Asia06/08/2018

Asia has once again energised luxury fashion label Prada’s sales in the first half year. The company has reported net revenue up 9.4 per cent in the six months to June 30 (although a lesser 3.3 per cent at current exchange rates). However Prada Asia-Pacific sales surged 13.8 per cent at constant exchange rates, or […]

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Retail Asia06/08/2018

Actor Leonardo DiCaprio’s latest investment will help in making sustainable, eco-friendly fashion more mainstream with his sustainable footwear company ‘Allbirds‘. The environmentally conscious actor has been active towards the battle against climate and environmental changes, and has now invested in an eco-friendly footwear company, reports People.com “Creating sustainable consumer products requires a deep commitment from brands […]

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Retail Asia06/08/2018

Hong Kong jewellery retailer Luk Fook has announced its entry into the Philippines. The first Luk Fook Philippines store is located at Solaire Resort and Casino of Manila Game Zone, established by the Philippines government as an entertainment and tourist hot spot. The area contains a shopping mall, luxury casinos, a theme park, international hotels, […]

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Retail Asia03/08/2018

German-headquartered Adidas AG has agreed to a settlement in its Rockport bankruptcy dispute. Adidas bought Rockport as part of its takeover of Reebok in 2005 and sold the brand a decade later. Rockport was placed in Chapter 11 bankruptcy protection in May of this year, and in July a rescue plan was lodged by CB Marathon, an affiliate of […]

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Retail Asia03/08/2018

Following a new customer service strategy, South Korean travel retailer Lotte Duty Free exited part of its duty-free concession at Incheon International Airport Terminal 1 this Tuesday, 31st of July. Its tactical shift aims at providing greater focus to its downtown retail business through the organization of a growing number of diverse and various unique events. […]

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