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Retail Asia31/10/2018

Amorepacific Group announced lower-than-expected results for the third quarter on Monday with operating profits dropping 36 percent year on year. The fall comes as a stark contrast to rival LG Household & Health Care, which saw operating profits in its beauty business soar 30 percent during the same period. Amorepacific Group’s operating profit between July and […]

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Retail Asia31/10/2018

SK Telecom, Korea’s top mobile carrier, said Tuesday that its third quarter net profit rose 32.4 percent from a year earlier. Net income reached a record high of 1.04 trillion won ($910.4 million) in the July-September period, compared with a profit of 793 billion won for the same period the previous year, the company said […]

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Retail Asia30/10/2018

Esprit sales slumped further in the first quarter as the embattled fashion brand’s store network continued to shrink. In a stock exchange filing on Friday, Esprit said group revenue for the quarter to September 30 slumped 16.2 per cent year on year in local currency while its own offline store sales area reduced by 10.6 […]

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Retail Asia30/10/2018

Puma worldwide sales increased by 17 per cent on a constant currency basis in the first nine months of this year as the sportswear label achieved growth in every region. Asia and the Americas drove sales, with both markets achieving double-digit growth year-on-year. Sales for the period reached €3.422 billion, with gross profit margin by […]

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Retail Asia29/10/2018

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Asia has proven to be the core driver of Moncler sales growth year to date. The edgy Italian fashion house which specialises in outdoor wear reported a 23 per cent increase in global sales this week in the nine months to September 30, measured in constant currency. But Asia and the ‘rest of world’ (which […]

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Retail Asia23/10/2018

Skechers USA, a global footwear leader, has announced financial results for the third quarter ended September 30, 2018. “Achieving record third quarter sales is a notable accomplishment given the strength of our third quarter 2017 sales,” began Robert Greenberg, Chief Executive Officer, Skechers. Greenberg added, “Both our domestic and international businesses grew, and we remained the leader […]

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Retail Asia19/10/2018

Superdry has issued a profit warning, saying an unseasonably warm European and US east coast summer together with foreign exchange costs will reduce income by about £10 million. “Superdry is a strong brand with significant growth opportunities, backed by robust operational capabilities, but we are not immune to the challenges presented by this extraordinary period […]

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Retail Asia16/10/2018

Levi Strauss & Co Asia boosted operating income by 30 per cent in the latest quarter as sales rose 10 per cent and margins improved. Asia proved to be the US-headquartered denim retailer’s best-performing of three geographical regions, even after excluding a $4 million unfavourable change in currency year on year. In Europe, operating profit […]

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Retail Asia14/02/2018

Shiseido just released its results for the Fiscal Year Ended 31 December 2017. Shiseido achieved Global Net Sales of ¥1,005,062 (compared to ¥850,306 in 2016) and a Global Operating Income of ¥80,437 (compared to ¥36,780 in 2016). In the Asia Pacific Business, the brands driving sales are Clé de Peau Beauté, NARS, and other brands […]

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Retail Asia14/02/2018

Danish jewellery manufacturer and retailer Pandora reports a strong year despite market challenges. Group Pandora sales increased by 12 per cent (15 per cent in local currency) last year to DKK22.7 billion (US$3.7 billion). Revenue from Pandora-owned retail grew 42 per cent (46 per cent in local currency). Like-for-like sales-out growth for the brand’s […]

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Retail Asia13/02/2018

Alibaba Group Inc. said revenues reached 83 billion yuan ($12.8 billion) in the third quarter – soaring 56% on last year – pushed on by China retail growth. For the three-month period ending December 31, Alibaba said China recorded the highest revenue growth, up 57%, counteracting a dull consumer confidence in the Asian nation. Annual active […]

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Retail Asia06/02/2018

F J Benjamin Holdings Ltd, founded in 1959, is a consumer driven leader in brand building and management listed on the Singapore Exchange since 1995. F J Benjamin Holdings announced Group net attributable profit of $961,000 for its second quarter ended 31 December 2017 (2QFY18), representing a significant turnaround from a loss of $7.3 million previously. […]

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Retail Asia05/02/2018

The domestic property market reported more sales in January compared to December 2017, according to the Ministry of Construction’s Housing and Property Market Management Department. It said that in January, Hà Nội had 1,650 transactions, an increase of 13.8 per cent and HCM City had 1,900, a rise of 8.6 per cent over December’s figures. […]

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Retail Asia26/01/2018

Fashion group Esprit Holdings has issued a warning it expects a net loss for its first half, to the end of December. Based on a preliminary review of its unaudited consolidated management accounts, the net loss is expected to be in the range of about HK$950 million (US$121.5 million) to $980 million, compared to a […]

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Retail Asia17/02/2017

Clothing retailer FJ Benjamin has deepened its losses after discontinuing some brands and businesses during its second quarter. Its net loss virtually doubled from S$3.7 million (US$2.6 million) in the same quarter a year ago to S$7.3 million. The group says the situation was worsened by a foreign exchange loss of S$3.2 million in the […]

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Retail Asia10/11/2016

Retailers in the Asia-Pacific region will experience both their highest sales and shrink distributions during the holiday season, according to the 2016 Retail Holiday Season Global Forecast. The report boldly predicts that 32 percent of the losses of the region’s retailers will be due to internal and external theft, with apparel, children’s toys, holiday foods, […]

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Retail Asia10/11/2016

UK retailer Marks & Spencer announced on Wednesday that it will pull out of the Chinese mainland market and close all the 10 stores amid shrinking profits, according to a statement the company sent to the Global Times on Wednesday. “Our review has shown that our stores in Chinese mainland continue to make losses and […]

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Retail Asia30/08/2016

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Restructuring has taken its toll on FJ Benjamin Holdings’s bottom line. The fashion and lifestyle brand management company has deepened its full-year net loss to S$23 million (US$16.9 million) for its latest financial year, compared to S$17 million the previous year. Group turnover subsided 14 per cent to S$253.6 million. Excluding the translation effects of […]

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Retail Asia28/08/2016

Italian fashion brand Prada is suffering from shrinking demand in its largest market of China, with a 20%-plus drop in first-half sales dragging down overall profit to the same degree. The Hong Kong-listed, Milano-based company announced late Friday that net revenue dropped 15% on the year to 1.55 billion euros ($1.37 billion) for February to […]

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Retail Asia18/12/2015

Footwear retailer Le Saunda says same store sales in its own stores slipped eight per cent in the third quarter. But the company’s online turnover soared 26.7 per cent reflecting rising popularity of online shopping across Greater China. Total sales declined 6.1 per cent year on year. As at the end of November Le Saunda had […]

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