News

Loewe unveils largest Japanese flagship store in Ginza

CASA LOEWE Ginza is also the brand’s second-largest store in the world.

IKEA says store count nearly doubled to over 640 locations in five years

Its footprint expanded from about 375 sites as smaller formats roll out.

Prada opens flagship store in Hong Kong

Launch celebrates 20-year partnership and enhances Central’s luxury experience.

Australian retail sales jumps 7% in November

Western Australia, Queensland, NSW were the top states for retail gains.

China launches probe into food delivery price wars: report

The country’s regulators see excessive competition that can lead to minimised returns.

OH!SOME opens first Philippines store

Its Makati City outlet offers IP products, accessories, amongst others.

Fast Retailing sees stronger Q1 FY2026 as overseas business grows

UNIQLO overseas operations drive the majority of quarterly profits.

Global home décor market set to hit $880b by 2030

Growth driven by sustainability, digital décor, and personalised styling.

Global clothing and textile recycling market to hit $20.2b by 2031

Retailers boost recycling with take-back programmes despite logistics challenges.

IKEA to close 7 China stores despite expansion plans

Weak consumer sentiment a key factor in shutdown.

TikTok Shop boosts Filipino MSME sales over 200% in 2025

Over 25,000 Filipino entrepreneurs trained in TikTok Shop tools

Experiences overtaking products in luxury spending

Private jets, yachts expand 9% as travel demand climbs

Philippines' Jollibee lists international business spinoff in US

Jollibee Foods Corporation International will include its operations, businesses outside the Philippines.

Luxury distribution shifts toward value in 2025 with outlets leading

Outlets again outperformed, growing about 1% to 3%, whilst the secondhand luxury market expanded to about €50b.