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Retail Asia26/05/2021

Tidal follows in the footsteps of other music streaming services like Deezer and Spotify, which recently announced new offline playback features for the Apple Watch. Beginning today, Tidal subscribers can download the new Apple Watch app and start listening to their favorite tunes. Although Tidal was until recently the only music streaming service to offer lossless audio format, that will […]

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Retail Asia16/04/2021

Piaget, the luxury watch brand from Switzerland, will be opening more stores in 2021, especially in the Middle East and China, Chief Executive Chabi Nouri has told Reuters. “We’ll open more stores this year. We’ll reopen a flagship store in Beverly Hills and also have projects in the Middle East and China,” Nouri noted in […]

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Retail Asia01/02/2021

Swiss watch giant Swatch Group said Thursday it suffered a net loss of 53 million Swiss frances (49 million euros) last year as the coronavirus ravaged the global economy. Sales were down more than 32 percent at 5.5 billion Swiss francs, short of analyst forecasts compiled by the AWP agency for 5.8 billion Swiss francs. […]

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Retail Asia09/11/2020

Today is a happy day for Apple fans, as the Cupertino-based company is rolling out new software updates for three of its popular products: iPhone, iPad, and Apple Watch. If you’re rocking one of the first two, you should be able to download iOS 14.2 today. On the other hand, Apple Watch owners can download watchOS 7.1, a rather important update […]

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Retail Asia27/10/2020

Despite the pandemic, Swiss watchmakers believe in-store shopping will prevail over digital platforms. The majority of Swiss watchmakers believe that bricks and mortar stores will remain the preferred sales channels for their products and will prevail over online in the coming years. This, despite the recent impact of the pandemic and accelerated digitalization. In-store experiences […]

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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 Asia11/09/2020

Back in 2017, Google Maps no longer worked with the Apple Watch. The reason why Google pulled it from the Apple Watch reportedly had something to do with the app’s limited capabilities on the watch compared to the iPhone app. At the time that Google made this announcement, it promised that Maps would return to the Apple Watch. And […]

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Retail Asia16/07/2020

Swatch Group has cut about 2400 jobs, its biggest cull in at least three decades, and will trim its store network as the Swiss watchmaker recorded its first-ever loss. The maker of Omega and Longines timepieces said Tuesday it accelerated plans to shut stores definitively in Hong Kong as well as shops that sell its […]

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Retail Asia30/06/2020

Listed Hong Kong timepiece retailer Oriental Watch Holdings has weathered the multiple crises of the last financial year to record a decrease in turnover of just 3.5 percent and a profit of US$12.9 million. While turnover was down to $303.6 million, gross profit was up by 7 percent to $83.2 million, “mainly due to the […]

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Retail Asia18/06/2020

Slow-moving stock and falling sales due to the Covid-19 pandemic have prompted listed Hong Kong timepiece retailer Oriental Watch to issue a profit warning. The company has advised the stock exchange that net profit for the year to March 31 will fall by about 20 percent. Furthermore, for the two months ended May 31, the […]

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Retail Asia24/04/2020

Hong Kong’s first Chinese Prestige Time Experience store has launched in Yue Hwa. Opened by Sun International Concepts, the outlet serves as a platform to showcase multiple Chinese watch brands, aiming to promote Chinese watch culture against the backdrop of the coronavirus outbreak. As the first platform for Chinese watch brands in the territory, consumers […]

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Retail Asia18/03/2020

Swiss luxury timepiece maker Tag Heuer has launched a pop-up at Shibuya Parco, Japan. The “Tag Heuer Connected” store delivers a futuristic ambiance in luxurious and stylistic tones featuring the colors of the brand against black. The store showcases Tag Heuer’s key technologies and celebrates the firm’s 160th anniversary. To mark the opening, the pop-up […]

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Retail Asia10/03/2020

Japanese watch rental service Kairtoke is launching in Tokyo’s Shinjuku Marui building next Friday. The Karitoke store offers monthly watch rentals from more than 40 available brands and 1100 models, with users invited to preview how each watch will look on their wrist before visiting the outlet via an AR app. Users can check from […]

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Retail Asia03/02/2020

The Philippines’ official Tommy Hilfiger distributor Take Wizer Industries has launched the world’s first Tommy Hilfiger watch store in Quezon City. The store opened on January 23 at the Upper Ground Floor (UGF), City Center, SM North Edsa, featuring an interactive photo booth for customers to try on the watches for sharing on social media. […]

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Retail Asia21/01/2020

Stelux Holdings, parent of the City Chain watch retail business, says its sales in the December quarter were down 32.6 percent, or by HK$198.98 million (US$25.6 million). The company closed about 15 percent of its stores, primarily in Hong Kong, as social unrest continued throughout the city, affecting sales to both locals and visitors. While […]

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Retail Asia20/01/2020

Stelux Holdings, parent of the City Chain watch retail business, says its sales in the December quarter were down 32.6 percent, or by HK$198.98 million (US$25.6 million). The company closed about 15 percent of its stores, primarily in Hong Kong, as social unrest continued throughout the city, affecting sales to both locals and visitors. While […]

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Retail Asia13/12/2019

Florentine luxury watchmaker Panerai has opened its first-ever airport boutique, at Hong Kong International Airport. The new store is the sixth opened in the Hong Kong area and joins existing locations in Canton Road, Landmark Prince’s, IFC, Times Square and Tsim Sha Tsui Centre. The new 27sqm boutique stands out for its blend of tradition […]

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Retail Asia11/12/2019

Swiss luxury watchmaker Breitling has opened a new boutique at Hong Kong International Airport. The new outlet features the brand’s industrial loft concept, inspired by mid-20th-Century interior design. The boutique is located at the departure level of Terminal 1 East Hall at HKIA. “We especially opened our new boutique at the HKIA as it not […]

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Retail Asia28/11/2019

Oriental Watch has shrugged off the impact of ongoing Hong Kong protests, with sales down a mere 1.1 percent and improved gross profit in the half-year to September. Sales totaled HK$1.168 billion (US$149 million), gross profit rose 10.4 percent to $318.2 million and profit attributable to shareholders was down 3.6 percent to $61.7 million. “The […]

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Retail Asia15/11/2019

Swiss Watch Gallery launched its signature timepiece event, Art of Time 2019 at Pavilion Kuala Lumpur. Art of Time is presented by Swiss Watch Gallery in partnership with Tumi, GH Mumm, and media outlets The Edge and The Star. In its sixth rendition, Art of Time 2019 features the world’s renowned watchmakers, including Arnold & […]

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