Fashion
UNIQLO International operating profit rises 42% in 2022
UNIQLO International operating profit rises 42% in 2022
Its Europe and US markets particularly saw a large improvement.
Nike’s net income stumbles 22% in Q1 2023
Its net income stood at $1.46b in the three months ending in August 2022.
International borders reopening to boost HK’s luxury market
Hong Kong is home to a large number of global luxury retailers.
Tech adoption in luxury goods industry accelerates: report
This enhances customer engagement and operational performance amongst others.
L’Oreal net profit climbs to €3.22b in H1
This is up from €2.36b in the same quarter last year.
adidas CEO steps down
CEO Kasper Rorsted will hand over the position through the course of 2023.
Reliance Brands ‘well positioned’ to tap India’s luxury apparel market
The company recently partnered with Balenciaga amongst other high-end brands.
Reliance Brands brings Balenciaga to India
The company will be the sole India partner of the luxury brand in India.
Prada posts over €180m net income in H1
This is despite seeing sales drop in its APAC business.
NIKE net income slips by 5% in Q4
Its sales were dragged by its Greater China market.
LVMH posts 23% profit growth amidst CN business disruptions
Lower revenues were seen in Asia due to lockdowns in China.
Adidas revises 2022 outlook amidst ‘slower-than-expected’ recovery in Greater China
The company expects a double-digit decline rate during the rest of the year.
MICHAEL KORS debuts on JD.com
JD.com now features over 300 premium brands.
L’Oreal achieves carbon neutrality across all North Asia sites
This covers Mainland China, Japan, South Korea, Hong Kong, and Taiwan.
Reliance Brands brings Italian luxury brand Valentino to India
Its first boutique will open in Delhi.
First Nike Style concept store opens in South Korea
It is located in Hongdae in the capital Seoul.
Longchamp opens flagship store on JD.com
This brings the number of luxury brands on JD to over 300.
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1. Xiaomi opens largest Singapore store at Jewel Changi Airport 2. COS opens first store in India 3. lululemon moves China HQ to Westbund Central, Shanghai 4. Lazada, POP MART renew partnership to speed up collectibles delivery in SEA 5. Ingka Investments acquires U.S. logistics tech firm LocusResource Center
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He stressed that companies can stay ahead by driving personalisation, seamless experiences, and embedding sustainability at the core of their operations.
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Winning at the shelf: Innovative packaging strategies