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Retail Asia18/12/2020

Growth for the mainland Chinese luxury market is expected to climb by 48 percent to reach almost 346 billion yuan (around $52 billion) by the end of the year, according to Bain’s annual China luxury report released today in partnership with Tmall Luxury Division. This meteoric growth, driven in part by the repatriation of luxury […]

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Retail Asia18/12/2020

Gift-giving looks different in a pandemic year, but consumers aren’t eschewing luxuries entirely. If you like things you can hold in your hand but still want to get in on the crypto craze, Bitcoin Suisse’s certificates are worth a look: beautifully-crafted paper wallets hold bitcoin, ether, a Swiss franc-backed stablecoin, and others. The certificate’s design […]

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Retail Asia23/11/2020

Gucci is revisiting 1960s handbags and other classics in its latest collection, mixing them with up-to-the-minute sneakers and logoed skateboards, as it seeks to reach a wider audience and reverse a fall in sales after years of stellar growth. With traditional fashion shows cancelled because of the coronavirus pandemic, designer Alessandro Michele teamed up with […]

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Retail Asia23/09/2020

Luxury fashion house Hermes has opened a new store in Osaka, its fourth store in the city. Located at Parco shopping center, the new Hermes store spans two stories and occupies a 515sqm space. Designed by the Parisian architecture agency RDAI, the store facade features floor-to-ceiling undulating glass windows, creating a “water-like effect” on both […]

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Retail Asia17/09/2020

Amazon has launched an invitation-only luxury fashion and beauty brand portal called Luxury Stores, with Oscar de la Renta as its first partner. The company said more brands will launch at Luxury Stores in the coming weeks and seasons. For now, the platform is available only to US Prime members. Accessible via the Amazon app, […]

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Retail Asia11/09/2020

French luxury-goods group LVMH has dropped its plan to take over Tiffany & Co, prompting the New York jeweler to announce it will file a lawsuit to enforce the deal. The US$16.2 billion takeovers was agreed to before the advent of the Covid-19 pandemic and the jeweler’s share price had dropped well below the price […]

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Retail Asia09/09/2020

Italian luxury fashion house Prada has opened a new boutique in Tokyo’s Shibuya district, featuring the unique evolution of its green-themed interior design. Located at the Miyashita Park shopping mall, the store is designed by OMA studio, founded by Rem Koolhaas. With a floor area of about 300sqm, it displays Prada’s full range of clothing, […]

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Retail Asia19/08/2020

British luxury menswear label Dunhill has opened a new store at Wynn Palace in Macau. The Dunhill Wynn Palace opening is part of the brand’s expansion strategy in Asia, according to the company. The store features a contemporary yet elegant design with modern elements such as its signature marble, leather, and metal details. Inspired by […]

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Retail Asia06/08/2020

Hugo Boss sales returned to strong growth in China in June and global online sales jumped 74 percent in the second quarter, even as the German fashion house reported an overall 59-per-cent fall in sales for the period due to lockdowns. Analysts at Baader Helvea noted the company was particularly exposed as people have been […]

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Retail Asia28/07/2020

Montblanc has launched a flagship boutique and a pop-up store in Shanghai, China. Located at Shanghai Plaza 66 on Nanjing Road, the store features a wide collection of Montblanc’s luxury goods, including travel bags, backpacks, watches, and accessories. The Shanghai Plaza 66 boutique features a modern design with black and gold elements. The Shanghai Plaza […]

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Retail Asia20/07/2020

Jeff Meng, a 25-year-old watch lover from a well-heeled Guangdong family, had US$22,800 burning a hole in his pocket. He could not find the Rolex Daytona watch he wanted, dubbed “panda” for its black-and-white face, anywhere in China. Thanks to the coronavirus pandemic that’s halted travel and disrupted networks of parallel importers, Chinese high-end shoppers […]

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Retail Asia14/07/2020

Government authorities have raided a warehouse storing thousands of fake luxury goods in Lao Cai City, northern Vietnam, which were being sold online. The 10,000sqm warehouse was divided into several areas including rooms for selling fake luxury goods via live-streaming on Facebook. Most of the items are copies of major brands including Gucci, Chanel, Nike […]

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Retail Asia09/07/2020

Burberry is reorganizing its creative team as the luxury label welcomes back Adrian Ward-Rees to lead its ready-to-wear business. The British-based luxury retailer will set up three new business units – ready-to-wear, accessories, and shoes and says it plans to “pool expertise within them” to improve its focus on products and improve quality. “The changes […]

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Retail Asia01/07/2020

The Asia-Pacific luxury-goods market is projected to sink by US$2.1 billion this year as pessimistic consumers switch from big-ticket items to the affordable-luxury realm. Retail intelligence group GlobalData has forecast luxury sales in the region will decline by 3.4 percent to reach $60.3 billion this year, compared to $62.4 billion last year. The industry has […]

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Retail Asia13/05/2020

High-end brands have taken to online social-networking platform Line to sell luxury products during the Thai coronavirus lockdown. Off-the-runway fashion items, currently unavailable at temporarily shuttered department stores in Bangkok, are now being sold on Thailand’s dominant messaging service, previously the domain of local brands engaging in e-commerce. International names in luxury retail such as […]

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Retail Asia28/04/2020

Senior management of British luxury fashion house Burberry has taken a voluntary pay cut and the company has opted to retain base pay for all its employees during the Covid-19 crisis, without relying on UK government support for jobs. During the past three months, the firm has temporarily closed retail stores and implemented strict social-distancing […]

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Retail Asia27/04/2020

So-called ‘revenge spending’ has been credited with a significant upturn in sales of high-priced retail goods in South Korea which has tentatively emerged in recent days from a lockdown during the Covid-19 pandemic. Industry analysts say that the pent-up desire for consumption is leading to an increase in purchases of luxury goods to display wealth. […]

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Retail Asia21/04/2020

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Around 20 luxury brands have opened stores on Chinese e-commerce platform JD since the beginning of January, seeking new avenues for business against the backdrop of the global coronavirus pandemic. The onboarded brands include fine-leather goods house Delvaux, Chanel-owned jewelry brand Goossens, luxury cashmere specialist Barrie, British luxury leather brand Smythson, cashmere knitwear brand Pringle […]

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Retail Asia02/04/2020

Vestiaire Collective, the online platform for pre-owned luxury fashion, has launched a charity sale to support the fight against coronavirus. Vestiaire Collective has partnered with more than 50 influential celebrities, including Kate Moss, Rachel Weisz, Thandie Newton, Anna Dello Russo and Charlotte Tilbury, to offer luxury pieces from their wardrobes. Some items were already sold […]

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Retail Asia20/03/2020

Hong Kong jeweler Luk Fook says its sales halved during the first two months of this year as the coronavirus outbreak caused an extensive lockdown of mainland Chinese cities and visitors to Hong Kong and Macau fell sharply. While most mainland stores have reopened this month, customer footfall of the shops operating in Mainland China, […]

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