Retail in Asia

The Chinese consumer rebound is here – but it looks different from what many have anticipated. Luxury brands have reported diminished spending in mainland China for the first half of the year, with some groups disclosing double-digit declines in sales. But some say that figures from earnings reports alone provide an incomplete picture of Chinese consumers' appetite for luxury. FULL ARTICLE: https://lnkd.in/gzmYTapm #retailinasia #retailnews #China #consumertrends #luxurygoods Subscribe to our bi-weekly newsletter: https://lnkd.in/dhj9z734

Retail in Asia speaks with Samuel Wood, CEO and co-founder of Azura Fashion Group, on their digital transformation journey, the pivotal role of AI in enhancing customer experiences and propelling growth in the fashion e-commerce domain. FULL ARTICLE: https://lnkd.in/gRy7Y95Q #retailinasia #retailnews #asiafounders #upstartsinasia #Australia #fashion eTail™ Subscribe to our bi-weekly newsletter: https://lnkd.in/dhj9z734

Nestlé has promoted Laurent Freixe to the role of chief executive officer, following the reported ousting of Mark Schneider at the food and beverage giant. FULL ARTICLE: https://lnkd.in/gKXP9ZYY #retailinasia #retailnews #industrytalk #keyappointments #Nestle Subscribe to our bi-weekly newsletter: https://lnkd.in/dhj9z734

Diane von Furstenberg plans to take back her global fashion business in-house by year-end, ending her firm's current licensing deal with Chinese distributor, Glamel. FULL ARTICLE: https://lnkd.in/gvwBFg3F #retailinasia #retailnews #industrytalk #DianeVonFurstenberg #DVF Subscribe to our bi-weekly newsletter: https://lnkd.in/dhj9z734

Salomon owner Amer Sports reported a 16 percent increase in sales to USD 994 million in the second quarter, thanks to surging growth in Greater China and its Arc'teryx brand. FULL ARTICLE: https://lnkd.in/gQXsPrw4 #retailinasia #retailnews #revenuereport #salesinasia #industrytalk #AmerSports #Salomon Subscribe to our bi-weekly newsletter: https://lnkd.in/dhj9z734

The resurgence of international tourism, coupled with the burgeoning presence of Millennial and Gen Z cohorts embracing luxury brands, has laid a robust foundation for the sector's remarkable performance in Australia. Here, a report from real estate firm CBRE details the buoyant trajectory of Australia's luxury retail market. FULL ARTICLE: https://lnkd.in/gd3SEtZP #retailinasia #retailnews #luxurygoods #Australia #marketreport Subscribe to our bi-weekly newsletter: https://lnkd.in/dhj9z734

Domino's Pizza Enterprises announced the promotion of Kerri Hayman to chief executive officer, for the Australia and New Zealand (ANZ) region, effective immediately. FULL ARTICLE: https://lnkd.in/gEqYU74j #retailinasia #retailnews #keyappointments #peopleinasia #DominosPizza Subscribe to our bi-weekly newsletter: https://lnkd.in/dhj9z734

Coty Inc. reported a 10 percent increase in annual sales to USD 6.1 billion, despite a slowdown in growth in the fourth quarter, weighed down the divestiture of its Lacoste license and a slower market recovery in China. FULL ARTICLE: https://lnkd.in/gWciEBde #retailinasia #retailnews #revenuereport #salesinasia #prestigebeauty #industrytalk Subscribe to our bi-weekly newsletter: https://lnkd.in/dhj9z734

Lotte Duty Free (excluding Lotte Busan Hotel Duty Free, which is owned separately) racked up a KRW46,251 (USD34.6 million) operating loss in the first half, a -221.3 percent decrease year-on-year. The Shilla Duty Free, badly hit by heavy losses in its overseas operations (included in the figures below) saw its operating profits tumble -88.1 percent. FULL ARTICLE: https://lnkd.in/gCbvjKtA #retailinasia #retailnews #travelretail #dutyfree #SouthKorea #LotteDutyFree #ShillaDutyFree Subscribe to our bi-weekly newsletter: https://lnkd.in/dhj9z734

From its Singapore flagship, the social club 1880 is set to make a grand entrance into Hong Kong in the fall of 2024, promising a fusion of hospitality and community-driven activities. FULL ARTICLE: https://lnkd.in/gAa_cNGv #retailinasia #retailnews #1880 #Singapore #HongKong #membersclubs #hospitality Subscribe to our bi-weekly newsletter: https://lnkd.in/dhj9z734