Retail in Asia

Across Asia, monobrand mega-stores by global luxury and premium brands are redefining the concept of physical retail, transcending traditional shopping experiences and captivating consumers in extraordinary ways: from enlisting star architects to design striking, efficient spaces, incorporating experiential offerings such as F&B components, and providing bespoke services such as repairs and resales. Key to this selection of these monobrand mega flagship stores, opened or renovated in the last 18 months, are these global brands’ ability to deliver a distinctive experience that caters to their Asia-based clientele. Read the full list: https://lnkd.in/gWEgdm5K #retailinasia #retailstores #experientialretail #storesinasia

Global prestige skincare brand SK-II is celebrating the successful unveiling of its first global travel retail flagship store, located at Sanya International Duty Free Shopping Complex in Haitang Bay, Hainan. FULL ARTICLE: https://lnkd.in/gm9g5C5i #retailinasia #retailnews #retailtrends #SKII #travelretail #Hainan

Declining demand from China saw Korean duty-free sales (excluding inflight retail) decrease -3.97 percent month-on-month during September to KRW1,194,029,262,691 (US$859.8 million) according to newly released Korea Duty Free Association figures. FULL ARTICLE: https://lnkd.in/gkykG_tE #retailinasia #retailnews #retailtrends #SouthKorea #dutyfree #travelretail

Spanish fragrance conglomerate Puig is continuing to amplify the reach of several of its niche brands in Hong Kong and Macau including Byredo, Penhaligon's, and L'Artisan Parfumeur. FULL ARTICLE: https://lnkd.in/gmWQC_MY \#retailinasia \#retailnews \#retailtrends \#Puig \#Penhaligons \#fragrances \#openingsinasia

One Bangkok, a collaborative lifestyle and retail project by Frasers Property Holdings and TCC Holdings, opened its doors on October 25. With a THB120 billion \(USD 3.2 billion\) investment, the development aims to weave itself into Bangkok's fabric, fostering a deep connection with its residents and propelling the city onto the global stage. FULL ARTICLE: https://lnkd.in/g-4tVEh5 \#retailinasia \#retailnews \#retailtrends \#OneBangkok \#Bangkok \#openingsinasia

Birkenstock is strengthening its brand presence in Asia, with the German footwear maker taking over its direct distribution in South Korea. FULL ARTICLE: https://lnkd.in/gNSJmYzj \#retailinasia \#retailnews \#retailtrends \#Birkenstock \#DTC \#SouthKorea \#ecommerce

Hermès said revenues rose 11 percent to EUR 11.2 billion in the third quarter, as the French luxury maison continues to defy the industry downturn plaguing its luxury rivals. FULL ARTICLE: https://lnkd.in/gpHJNRA4 \#retailinasia \#retailnews \#retailtrends \#Hermes \#luxurygoods \#salesinasia

L'Oréal reported a 6 percent increase in sales to EUR 32.4 billion for the first nine months, with the beauty giant rallying despite continued losses in its North Asia business. FULL ARTICLE: https://lnkd.in/gZuePyC2 #retailinasia #retailnews #retailtrends #Loreal #beauty #skincare #salesinasia

Japan Airport Terminal Co (JAT) and China Duty Free Group (CDFG) have teamed up for the first time to open a counter for China's renowned jewellery brand Chow Tai Fook at Japan Duty Free Ginza. FULL ARTICLE: https://lnkd.in/gkyUKA9Q #retailinasia #retailnews #retailtrends #ChowTaiFook #Japan #travelretail

Australian luxury fashion retailer Harrolds has collapsed, the latest luxury casualty taken out by the industry slowdown. FULL ARTICLE: https://lnkd.in/g5sBYT-G #retailinasia #retailnews #retailtrends #Harrolds #Australia #industrytalk