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Retail Asia08/11/2017

Michael Kors Asia sales soared 30.4 per cent in the second quarter as the US luxury fashion company continued to progress its Runway 2020 strategic growth plan. Sales in Asia – the group’s fastest-growing market, totalled US$124 million, up 33.5 per cent when measured on a constant currency basis. Globally, sales rose a more modest […]

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Retail Asia10/10/2017

Affordable luxury leather goods brand Michael Kors has finished renovating its flagship store in Manila, reopening to the Filipino customer in October 2017. Located at Greenbelt 5, the improved Makati store unveils a new play on metal accents — as seen on shelves and fixtures – for the US brand. The New York handbag and accessories retailer is […]

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Retail Asia02/10/2017

Michael Kors Philippines has completed the renovation and reopening of its flagship store at Greenbelt 5 in Makati. The US affordable luxury brand is distributed in the Philippines by Stores Specialists Inc (SSI) and has other stores at Central Square on Bonifacio High Street, Newport Mall, Power Plant Mall, Rustan’s Makati, and Shangri-La Plaza Mall. […]

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Retail Asia30/08/2017

Luxury travel retailer DFS Group is launching a Michael Kors exclusive collection for its DFS and T Galleria by DFS stores. Going on sale on Friday, the Michael Kors x DFS collection draws its inspiration from the jetset lifestyle and New York’s urban jungle, says the retailer. It features 14 women’s and men’s styles including […]

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Retail Asia27/07/2017

Michael Kors has been struggling in recent quarters with declining same-store sales as fewer people visit its shops. U.S. retailer Michael Kors has agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion, snapping up a British brand launched in the east end of London and made famous by celebrity fans including Princess Diana. Founded in […]

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Retail Asia14/06/2017

Michael Kors plans to open around 100 new stores in China in next three years, as the US brand continues to plan for mass global retail closures, forming part of its recently revealed “Runway 2020” restructuring program to turn dwindling sales around. Michael Kors’ initial restructuring announcement came in early June, after the brand posted […]

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Retail Asia02/06/2017

Michael Kors, the once-popular retailer that has been trying to turn itself around, said it expected same-store sales to continue to fall in 2018, and that it would shut more than 100 full-price retail stores in the next two years. Shares of the company slumped nearly 11 percent to $32.38, their lowest in more than […]

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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 Asia09/01/2017

Fossil Group will double its Fossil wearables production this year to 300 new products, plus add new brands. Fossil Group has announced it will double its Fossil wearables production this year to an unmatched 300 new products, plus add new brands. New connected products were also revealed by the US group’s brands… Armani Exchange has […]

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Retail Asia17/12/2016

Luxury brands need to use new technologies and offer experiences for their customers, the second Luxury Society keynote event in Shanghai has been told. UCO Cosmetics CEO Arthur Zhang told the event that the early-stage eCommerce model of simply providing a platform for selling products online is dead. He said key technologies being experimented and improved […]

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Retail Asia22/11/2016

What’s Michael Kors up to these days? The designer has been visiting Asia, where he celebrated the opening of his Singapore Mandarin Gallery flagship store. While there, he was presented a dendobrium orchid genus from Kirk Wagner, US Ambassador to the Republic of Singapore, and Serene Tan, Singapore Tourism Board member, a unique honor. Past recipients include Elton John […]

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Retail Asia15/09/2016

Baroque Japan, which has a retail portfolio of young women’s fashion apparel and accessories, has arrived in New York City. It has opening an Enfold fashion brand shop in the West Village and a Moussy outlet in SoHo. Launched in 2012, Enfold has a strong presence in Europe. Its West Village store stands at 850 […]

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Retail Asia19/08/2016

Phnom Penh Duty Free is located inside the integrated entertainment destination of Naga City at Naga City Walk which connects Naga World to ‘Naga 2’. It offers approximately 4,000sq m of retail space with all the main DF&TR and luxury categories available: cosmetics, perfume, jewellery, sunglasses, watches, fashion, beverages, tobacco, travel goods and confectionery as […]

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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 Asia25/07/2016

The Singapore retail rent decline gathered pace in the last quarter according to data from Edmund Tie & Company. In the second quarter, retail rents across the board fell by 3.9 per cent quarter-quarter. That was double the 1.9 per cent decline of the preceding quarter. Amid weaker demand, occupancy levels also dipped, falling by […]

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Retail Asia07/06/2016

Michael Kors is pleased to announce that the Company has completed the acquisition of Michael Kors (HK) Limited, the exclusive licensee of the Company in China and certain other jurisdictions in Asia, on May 31, 2016, for $500 million in cash, subject to certain adjustments. The acquisition was approved by the independent members of the […]

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Retail Asia06/06/2016

At headline level Michael Kors has ended its fiscal year on a strong note with total revenue up by 10.9 per cent, underpinned by a robust increase of 22 per cent in retail sales. However, most of the uplift is thanks to the fact the company opened some 142 new stores over the past year […]

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Retail Asia06/06/2016

Michael Kors has paid $500 million in cash to acquire Michael Kors HK, the exclusive licensee of the company in China and certain other jurisdictions in Asia. Approved by independent members of the company’s board of directors, the acquisition is subject to adjustment. The greater China business generated total revenue of $197 million for the […]

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Retail Asia27/05/2016

After Alibaba had its IACC membership suspended, founder Jack Ma has cancelled his keynote address to the counterfeit-fighting group’s conference. Ma was to have been a drawcard speaker at this week’s two-day annual spring conference of the International AntiCounterfeiting Coalition (IACC) in Orlando, Florida, an event that attracts more than 500 leaders from business, law, security […]

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