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Retail Asia06/09/2017

International sunglasses retailer Sunglass Hut opened a new store in Hangzhou’s Intime Wulin store, which is the brand’s third store in the city following the ones in Hangzhou Kerry Centre and Hangzhou Bailian Outlets. Sunglass Hut has reached cooperation with many first-tier brands, including Ray-Ban, Prada, Dolce & Gabbana, Burberry, Tiffany & Co., and Coach. […]

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Retail Asia07/08/2017

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A pop-up shop designed like a New York subway car has been launched by luxury brand Coach Hong Kong at Lane Crawford in IFC, Central. As well as showcasing Coach’s latest collections, the Art of Expression pop-up shop offers customisation of leather bags for customers. Running until August 22, the rose gold pop-up shop pays […]

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Retail Asia06/03/2017

The closures of a number of retail and luxury brand giants on China’s e-commerce platforms indicate that retail competition is no less fierce online than offline. It is old news that the Chinese market is highly competitive and unlike any other market in the world. What may sell on the high street in London is […]

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Retail Asia10/02/2017

While retail net sales grew 9.2 per cent to US$836.7 million for luxury lifestyle brand Michael Kors in its third quarter, ended December 31, its revenue decreased 3.2 per cent to $1.35 billion. It sales growth was mainly driven by 193 store openings since the end of the third quarter, including 143 stores associated with […]

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Retail Asia06/02/2017

New York design house Coach reports “notable strength” in Mainland China while reporting its second-quarter results for the quarter ended December 31. Coach China sales were roughly even but increased 6 per cent on a constant currency basis when the impact of the strong US dollar was removed. In addition, there was a “significant” improvement […]

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Retail Asia26/01/2017

Luxury fashion company Coach Malaysia has opened its largest store for Southeast Asia, in Kuala Lumpur’s Pavilion Elite. The store is part of the company’s continuous expansion strategy in the Asian market despite it closing its Hong Kong flagship last year. Pavilion Elite, developer Urusharta Cemerlang’s latest project, is next to Pavilion Kuala Lumpur as […]

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Retail Asia05/01/2017

Handbag and accessories maker and retailer Kate Spade & Co, under pressure from activist investor Barry Rosenstein, is working with a bank to sound out possible buyers. Quoting insiders, the Wall Street Journal says potential buyers contacted include retailers, with the process at an early stage. Rosenstein’s Jana Partners already has a minor stake in […]

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Retail Asia17/11/2016

The prime shopping hubs of Causeway Bay and Tsim Sha Tsui, among the most expensive in Hong Kong in terms of rental costs, remain attractive for retailers amid overall sluggishness in the sector. Retail rents in Causeway Bay fell 8 per cent in the rental index in the third quarter and 10 per cent in […]

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Retail Asia21/09/2016

The official Coach Tmall flagship shop has been abandoned. Luxury bag brand Coach Inc says it will replace its shop on Alibaba Group Holding’s business-to-consumer sales site by selling directly through its own website and on its WeChat account, the social-media app run by Alibaba rival Tencent Holdings. Coach has offered coupons and launched a […]

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Retail Asia25/08/2016

Unconventional British fashion brand Ted Baker has opened its first store in Vietnam. Ted Baker Vietnam joins other luxury brands at the revamped Saigon Center in Ho Chi Minh City, with its re-opening celebrated at an event featuring Vietnamese entertainers. Guests included representatives from the UK Consulate General. Brought to Vietnam by retail management company […]

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Retail Asia11/08/2016

Michael Kors Asia sales are showing healthy growth – at the same time as same-store figures are falling heavily in its US home market. Michael Kors has kicked off its new financial year with a weak set of numbers this week. Total revenue was virtually flat, just 0.2 per cent higher than during the same […]

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Retail Asia09/08/2016

While the latest Kate Spade figures are respectable, there is a clear slowdown in the pace of growth compared to last quarter. This is most noticeable in the direct-to-consumer segment, where comparable revenue rose by a fairly meagre 4 per cent, compared to the 19 per cent uplift posted during the first quarter. Although it […]

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Retail Asia24/06/2016

Thai importer and distributor of 14 fashion brands Pacifica Group plans to expand its free-standing shops from 80 to 140 over three years. Costing about Bt400 million (US$11.3 million), the store expansion will be 60 to 70 per cent mass-market fashion brands, with the balance luxury products, says chief executive Opra Lavichant. Pacifica’s fashion brands […]

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Retail Asia04/05/2016

Coach Asia has reported a strong rise in Mainland China sales in the last quarter – which was eroded by a decline in Hong Kong and Macau. The rebounding US fashion retailer says international sales rose 5 per cent in the three months to March 27 to US$448 million and by 7 per cent on […]

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Retail Asia12/02/2016

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Coach Inc says its net sales totalled US$1.27 billion for the second fiscal quarter – up 4 per cent year on year, and up 7 per cent on a constant currency basis. China was a primary driver of the increase in the three months to December 26, with sales up in the double digits and […]

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Retail Asia17/12/2015

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Apple’s stores typically spotlight the company’s devices, with the most expensive audio accessories topping out in the hundreds of dollars. The Phantom is the first high-end non-Apple gadget that Ms. Ahrendts, the former chief executive of the fashion house Burberry, has brought in since she took the job. It buttresses some of her other recent […]

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Retail Asia09/12/2015

In the heart of Guangzhou’s Yuexiu district, the shopping centre La Perle is a symbol of luxury living in the southern mainland city. The high-end shopping mall, which opened in January 2004, has long been the first stop for many international brands seeking to conquer China market. But times are changing. A few weeks ago, […]

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Retail Asia24/11/2015

Even as slumping sales force luxury brands renegotiate retail rent prices and close stores in Hong Kong, a new report finds that it’s still the second-priciest place in the world to open up shop. According to Cushman & Wakefield’s newly published “Main Streets Across the World” report, Hong Kong’s Causeway Bay area retained its second-place […]

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Retail Asia02/10/2015

“Landlords have to face the reality, no matter how reluctant they are,” Lawrence Wong, a director at property agent Sheraton Valuers Ltd., said in a telephone interview Saturday. “It’s still better than leaving their property empty.” Russell Street has lost its claim as the most expensive shopping street on the planet to New York’s Fifth […]

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Retail Asia22/09/2015

Lagardère Travel Retail has opened the first high-end luxury concession in Kunming’s Changshui International Airport in South-Western China, which the retailer says is the result of a ‘close and successful partnership’ with Yunnan Airport Group and Asiaray Media Group. Inaugurated in 2012, Changshui airport is said to be one of the largest and most modern […]

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