Indian conglomerate Reliance Retail has acquired Telangana and Andhra Pradesh-based footwear and apparel retailer V Retail Pvt Ltd, which operates the Centro retail chain in India. SEE ALSO: Reliance …
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Coty opens fragrance pop-up at Kuala Lumpur International Airport
Coty Travel Retail Asia Pacific has unveiled the latest edition of the ‘Around the World’ multibrand pop-up with Malaysia Airports-owned Eraman at Kuala Lumpur International Airport (KLIA).…
DFS opens first retail phase at Chongqing Jiangbei Airport’s Terminal 3A
Luxury travel retailer DFS Group unveiled this month the first phase of its newest airport store in domestic Terminal 3A at Chongqing Jiangbei International Airport.…
Wristcheck raises USD 8 million
Hong Kong luxury watch consignment retailer Wristcheck has raised USD 8 million in a seed funding round led by Gobi Partners GBA, and the AEF Greater Bay Area fund.…
China retail sales in December dip 1.8 percent
Retail sales in China dipped far less-than-expected for the month of December, as a stringent zero-Covid policy restricted travel and business activity across the country.…
Burberry APAC sales down 7 percent on Mainland China woes
Burberry Inc. announced on January 18 retail revenues for the third quarter ending December 31, 2022, rose 5 percent to GBP 756 million (USD 944 million), although it was flat at constant exchange rat…
Hainan year-end daily duty free sales average USD 20.6 million
Year-end daily sales in Hainan’s offshore duty free market for the 31 December to 2 January period averaged CNY 140 million (USD 20.6 million), according to Haikou Customs.…
Australia retail sales lift in November
Retail sales in Australia rose by single digits in November, pushed on by an increase in clothing, footwear and personal accessory sales, as well as department store sales, as locals dug deep ahead of…
Fast Retailing profits dip on China, Japan contraction
Fast Retailing Co. announced total revenues for the first quarter reached JPY 716.3 billion (USD 5.56 billion), up 14.2 percent year-on-year, while operating profit declined to JPY 117 billion, down …
Tiffany & Co. launches 2023 Chinese New Year campaign starring Eileen Gu
Tiffany & Co. has launched a new Chinese New Year campaign starring the house’s global brand ambassador, Eileen Gu. SEE ALSO: Hongqiao International Airport boosts luxury focus as Tiffany & [&…