Italian fashion houses Tod’s S.p.A and Ermenegildo Zegna group reported their full-year 2022 results on January 25, citing double-digit declines in their respective Greater China markets, on the…
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Luxury in Asia: Southeast Asia rising as China recovers
Locally, personal luxury goods in Asia (excluding Mainland China and Japan) surged by 43 percent in 2022, reflecting a strong performance in Thailand and other Southeast Asian countries, coupled with …
What do China’s luxury shoppers want in 2023?
Chinese consumers are eager to purchase luxury as a means of social advancement and self-differentiation. They are also highly accustomed to shopping during their travels, with over 70 percent of Chin…
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…
Richemont Japan sales surge 43 percent, China dives
Swiss luxury group Richemont announced on January 18 sales for the third quarter rose by 5 percent, with double-digit revenue growth in Japan offsetting the disruption to retail trading in Mainland Ch…
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 …
How to succeed in China with co-brand marketing
According to the 2021 Global Fashion IP White Paper, more than 130,000 co-branded products were released in 2019. With an unprecedented outbreak in recent years, co-branding has become a magic [……
Nike Greater China sales down 3 percent
Nike Inc. announced on December 20 total revenues for the second quarter surged 17 percent to USD 13.3 billion, on the back of double-digit sales growth in North America and Europe, […]…
Bluebell Group strengthens China presence, through the full acquisition of Star Brands Travel Retail
The Bluebell Group, Asia’s leading brand operator and distributor, announced today it further strengthened its China operations by completing the full acquisition of Star Brands Travel Retail, a trave…