Conlumino

Retail Asia03/02/2017

Apple China sales have fallen for the fourth consecutive quarter, but the tech giant is putting on a brave face, buoyed by rising global revenue. Apple sold 78.29 million iPhones in the quarter ended December 31, up from 74.78 million last year, marking the first quarterly growth in iPhone sales in 12 months. It was […]

Retail Asia07/10/2016

Yum China is set to exploit “huge potential” after its spin-off from its US parent, says Neil Saunders, CEO of Conlumino. Commenting on the parent company’s latest results, the US-based retail commentator said while the China division once again delivered “an anemic performance” with total system sales declining by 3 per cent over the prior […]

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 […]

Retail Asia15/02/2016

Yum! China has showed progress with a system wide sales increase of 3 per cent in the latest quarter – or 7 per cent on a constant currency basis. Same restaurant sales are now in positive growth, although by a fairly meagre 2 per cent given the 16 per cent decline in the same quarter […]

Retail Asia08/02/2016

Going into this quarter the main concern for Alibaba was that a slowdown in Chinese economic growth would damage its performance. Fortunately, this has not materialised with very solid uplifts in its Chinese retail marketplace proposition underpinning a respectable 32 per cent rise in overall revenues. Some of this uplift was undoubtedly aided by the […]

Retail Asia23/11/2015

Burberry Hong Kong is giving up a whole floor of its Pacific Place flagship as part of a range of initiatives to respond to the declining luxury market in the territory. Burberry CFO Carol Fairweather said in a conference call the company had reached an agreement with landlord Swire to give up the second floor […]

Retail Asia16/11/2015

Groupon – which has exited three Asian markets this year – continues to struggle globally with ts flawed discounting model. Operating on wafer thin margins in the first place, the company has taken a severe hit from currency exchange fluctuations in the third quarter. Globally, gross billings grew by six per cent when the exchange […]

Retail Asia16/11/2015

US fashion label Ralph Lauren’s operating profit has tumbled almost 39 per cent year to date as it continues to restructure its operations. The latest quarterly numbers just released show a solid sequential improvement on the prior quarter, with the strength of the US dollar responsible for most of the headline deterioration. When reported on […]

Retail Asia16/11/2015

Michael Kors Japan sales continue to soar as rising US fashion player expands its global success. Revenue in Japan for the last quarter rose 60.7 per cent on a constant currency basis. While that figure was carved back to 36.1 per cent after the exchange rate was taken into account, it shows stellar growth in […]

Retail Asia10/11/2015

Global coffee giant Starbucks has finished its financial year on a high, reporting a 17 per cent increase in annual revenue to a record US$19.2 billion. But is the Starbucks Asia Pacific business underperforming? Neil Saunders, CEO of Conlumino, believes so. He says the company’s last quarter figures were boosted by the acquisition of the […]

Retail Asia02/11/2015

Not long ago, Tupperware seemed to be a brand with a limited future. Tupperware’s background is selling products at relatively high prices through direct selling, or the party plan concept, rather than retail stores, a system dating back to the 1970s. In recent times it has come under pressure from mass-produced containers, usually manufactured in […]

Retail Asia13/10/2015

American Apparel, the controversial teenage-oriented fashion brand founded in 1989, has been placed in Chapter 11 bankruptcy protection. The company says it intends to pay its suppliers in full under normal terms for goods and services provided. The move comes a year after the company ejected its founder Dov Chaney, currently embroiled in a legal […]

Tag: Conlumino

Apple China sales slide further

Yum China has ‘huge potential’

Kate Spade figures reveal slowing growth

Yum! China fortunes rebound

Alibaba Group conquers China slowdown

Burberry Hong Kong downsizes flagship

Groupon woes continue

Ralph Lauren profits tumble

Michael Kors Japan sales soar

Gloss coming off Starbucks Asia growth

Tupperware finds favour in China

Can American Apparel be saved?