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Tag: sogo

Retail Asia06/05/2019
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General

Sogo opens at Shah Alam’s Central I-City

2min0
A second Sogo Malaysia department store has launched at Central I-City shopping centre in Shah Alam, Selangor. The new four-storey store, designed according to a distinctive Japanese aesthetic, features 18,581sqm of retail space and more than 400 brands in a wide variety of product categories. “Aside from purchasing beauty products on the ground floor, shoppers […]
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Retail Asia08/03/2019
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General

Sogo department stores see strong sales growth

2min0
Sogo department stores parent Lifestyle International has reported a 50 per cent drop in net profit for last year, despite increased sales. While turnover rose 16 per cent to HK$4.36 billion (US$555 million), net profit fell to $1.69 billion ($215 million). However, the company explained the fall was largely due to comparison with 2017 when […]
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Retail Asia16/01/2019
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General

7-Eleven parent sales surges: Report

1min0
Japanese retail giant Seven & I has reported a 15.8 per cent increase in net sales for the nine months to November. Profit rose by a less impressive 2.9 per cent. The 7-Eleven parent said its overseas convenience store business achieved an impressive 15.7 per cent increase in operating profit year on year. At home, […]
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Retail Asia16/08/2018
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Fashion

Sogo store sales rises, helped by tourism rebound

6min0
Sogo store sales on both sides of the harbour surged ahead in the first half of this year. Causeway Bay recorded a 20 per cent upturn in sales during the six months to June 30, as inbound tourist numbers rebounded and consumer spending improved. The department store’s parent company Lifestyle International, said footfall increased by […]
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Retail Asia23/03/2018
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Fashion

Strong sales growth posted by Hermès Asia

3min0
Hermes Asia sales grew 11.3 per cent last year to €1.946 billion (US$2.4 billion) as the luxury retailer set a new record for gross retail margin. The company said the retail market was improving in Hong Kong and Macau, with the Asian market “pursuing its upward curve” and positive outlooks in Mainland China and South […]
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Retail Asia15/02/2018
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Real Estate

Malaysia’s Central i-City shopping centre to open in 2018

1min0
Selangor’s Central i-City Shopping Centre is scheduled to open in the fourth quarter of the year. A collaboration with i-City Properties, it is the first international regional shopping centre for Thai developer/investor CPN and Malaysia’s i-City Properties. Among anchor tenants just announced are Sogo Department Store and Village Grocer. TGV Cinemas will offer the first […]
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Retail Asia21/11/2016
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Finance

US investor buys into Mitra Adiperkasa

4min0
US private-equity company General Atlantic has made its first investment in Indonesia by buying into lifestyle retailer Mitra Adiperkasa (Map). It has subscribed for Rp1.08 trillion (US$80.5 million) in bonds issued by Map which are convertible into shares in its F&B subsidiary Map Boga Adiperkasa (MBA), which runs Cold Stone Creamery, Godiva, Krispy Kreme, Pizza […]
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Retail Asia20/10/2016
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Real Estate

Sa Sa seeks cheaper rent

2min
Twilight has come for the retail industry in Hong Kong, said cosmetic outlet operator Sa Sa International (0178) chairman Simon Kwok Siu-ming, although he remains optimistic of better days ahead. The week-long national holiday saw improved sales for the firm, and he hopes the uptrend is sustainable for the rest of the year, especially during […]
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Retail Asia23/09/2016
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Fashion

Ben Sherman China new stores in Shanghai

3min0
British menswear brand Ben Sherman has opened for the first time in Shanghai – at two locations. The Ben Sherman China stores are in the Hopson Mall and Sogo department store. “These distinct retail destinations are prime for Ben Sherman, with an influential core of millennial consumers,” says group GM Stanley Chou of MRH Sparotica […]
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Retail Asia13/09/2016
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Fashion

Bruno Magli Hong Kong makes Asia debut

2min0
Luxury Italian fashion house Bruno Magli Hong Kong has established its first foothold in Asia with a shop-in-shop retail boutique. Marking its 80th anniversary, the heritage brand earlier announced expansion plans for Asia. Its debut outlet is on the new Shoes Town floor at the Sogo department store in Causeway Bay. It is the first […]
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Retail Asia17/08/2016
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Real Estate

Lifestyle plans third SOGO store

4min
Lifestyle International (1212) non- executive chairman Thomas Lau Luen- hung said the company is looking to open a third SOGO department store in Hong Kong and expects the investment to be no less than HK$5 billion. There are so far two SOGO branches in Hong Kong, one in Causeway Bay and one in Tsim Sha […]
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Retail Asia20/07/2016
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Fashion

Bruno Magli to launch in China and Japan

4min0
Bruno Magli Hong Kong will launch in August as the Italian luxury brand signs partnerships in China and Japan, paving the way for a focussed Asian expansion. The luxury Italian fashion brand has signed new partnerships in Asia with Sitoy Retailing in China and Bruno Magli Partners in Japan. With these partnerships, coupled with its […]
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Retail Asia13/06/2016
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Fashion

Sour note for Lancome-sponsored concert

5min0
Make-up brand Lancome, along with other stores owned by French cosmetics giant L’Oreal, closed in Hong Kong yesterday in the face of protests over the cancelling of a Lancome-sponsored concert featuring a pro-democracy singer. As well as Lancome’s booth at Lane Crawford, Times Square, Yves Saint Laurent Beaute and Helena Rubinstein’s booths, as well as […]
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Retail Asia18/03/2016
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Living

Seven & I store closures hit regions

4min0
Losses have forced two Seven & I store closures in regional Japan, both outlets after 40 years of trading. Seven & I Holdings, which owns the Sogo and Seibu department store chains, is closing a Sogo store in Kashiwa, Chiba Prefecture, and a Seibu store in Asahikawa, Hokkaido. Both are scheduled to shut their doors […]
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Retail Asia01/10/2015
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E-Tailing

Seven & I to launch online store

1min
Japan’s Seven & I Holdings says it will open a giant online store in November, offering products sourced from across its retail store brands. By February 2019, Seven & I anticipates a range of 6 million SKUs will be available on the new store, including goods specifically created for the channel in partnership with name […]
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Retail Asia10/08/2015
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General

Sogo ‘resilient’ in tough market

10min
Department store operator Lifestyle International says its Sogo department stores in Causeway Bay and Tsim Sha Tsui helped it achieve a 15.1 per cent boost in first half year profit. In the six months to June 30, group turnover increased 6.6 per cent to HK$3.07 billion and profit attributable to owners of the company to $1.17 […]
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Retail Asia27/06/2015
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General

Sogo mum or dad plans retailer revamps

2min
Way of life Worldwide Holdings, the dad or mum of the Sogo division retailer in Hong Kong’s Causeway Bay, says it’s planning renovations and new department shops. Whereas it has not specified the place the revamps are deliberate, it’s probably to be in mainland China the place it at present has 4 shops. Way of […]
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Retail Asia17/06/2015
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General

Singaporeans spend money on Sogo Malaysia

2min
A Singaporean funding firm has taken a strategic stake within the Malaysian licenceholder of Japanese division retailer model Sogo. Singapore-listed LTC Company, by way of a wholly-owned subsidiary, has taken a 50 per cent share of USP Fairness in equal partnership with USP Assets, which has acquired USP’s shareholding in SKLDS, which operates Sogo beneath […]
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