Fashion
adidas’ Greater China market posts revenue decline
Its revenue from the market dropped by 36% in 2022.
adidas’ Greater China market posts revenue decline
Its revenue from the market dropped by 36% in 2022.
Prada sees 2% sales decline in APAC in 2022
Retail sales stood at €1.23m (US$1.30b).
Pharrell Williams is Louis Vuitton’s new Men’s Creative Director
The musician will assume the post immediately.
adidas sees US$746m loss in 2023
This is due to the “adverse impact” of the Yeezy write-off.
L’Oreal posts 6.6% sales growth in North Asia in 2022
Its sales amounted to €11.32b (US$12.07b).
24-hour beauty: Coty SEA blends physical and digital space for limitless store access
Coty SEA stores offer services that give the same customer experience online.
Luxury sales in China to rebound to 2021 levels this year
This comes after the luxury market contracted in 2022.
China’s luxury market sees more ‘Very Important Clients’ despite 2022 contraction
VIC sales were higher than the 40% global average, Bain & Company reported.
China’s luxury market contracts by 10% in 2022
This is the first time the market shrunk in the last five years.
What could make shoppers switch to another luxury brand
Chinese consumers give emphasis on whether the brand is aligned with their identity.
China captures luxury brands despite headwinds: report
The luxury retail market will likely grow 6.1% and 6% in 2023 and 2024, respectively.
Is Gen Z becoming the bigger spender in China?
They are rapidly becoming the largest consumer base for luxury brands, KPMG said.
UNIQLO Japan’s operating profit drops by 5.6%
Its operating profit stood at JPY39.4b in the first quarter of FY2023.
Fast Retailing Q1 profit contracts 9.1% in FY2023
This is despite a 14.2YoY revenue growth.
South Korea’s make-up market to surge by 5.5%
This will be driven by product innovation and rising online sales.
Luxury market’s last quarter growth hinges on China’s reopening
It will also be boosted by consumer confidence in Europe and America.
Shein reduces water use in new printing technology
It also accelerates the efficiency of printing.
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EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences
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By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
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1. Yum China aims to open 20,000 stores by 2026 2. Payment cards hold 40% share in Singapore's e-commerce 3. HK’s retail leasing momentum slows as vacancy falls: report 4. Here's why global apparel and footwear sales growth have slowed 5. E-commerce giants outshine Facebook in SG marketplace safety ratingsAwards
Jun
11