Nike Inc. said revenues inched forward 1 percent to USD 13.4 billion for the second quarter, as the U.S. sportswear giant revealed a USD 2-billion cost saving plan over the next three years, including…
Nike Inc. said revenues inched forward 1 percent to USD 13.4 billion for the second quarter, as the U.S. sportswear giant revealed a USD 2-billion cost saving plan over the next three years, including…
Lotte Duty Free has opened a series of pop-up stores as it continues to target millennial and Gen Z, or MZ consumers. The leading travel retailer’s move is a response to evolving tourism and consumpti…
South Korean e-commerce retailer Coupang has announced it will acquire the business and assets of online luxury platform Farfetch, a move that positions Coupang — often referred to as the Amazon of So…
Ikea now wants to make the home a more active space. Slated to launch globally in January 2024 for six months or until supplies last, its debut fitness collection is designed to support daily movement…
American luxury brand Ralph Lauren has inked a new partnership with Haworth Lifestyle Design to expand its luxury home offering, including the opening of new stores globally.…
Dior has announced plans for a new Monsieur Dior restaurant in Osaka, Japan, slated to open in 2025. The venture is in partnership with decorated French chef Anne-Sophie Pic.…
LVMH Moët Hennessy Louis Vuitton has struck an agreement to sell a majority stake in its cruise retail business, which includes Starboard Cruise Services and Onboard Media, to a group of investors.…
Retail in Asia speaks with Lodes managing director Massimiliano Tosetto on the brand’s strategic approach in the region. …
Temu parent PDD Holdings reported a 94 percent uptick in sales to RMB 68.84 billion (USD 9.44 billion) for the third quarter, as price-conscious shoppers in Asia took advantage of the firm’s af…
In Asia, Toys “R” Us is slated to open an airside store at Singapore’s Jewel Changi airport on December 10. Retail in Asia speaks with Adelene Teo, general manager of Toys “R” Us Singapore, on the sto…