American fashion and beauty giants recorded plunging Asia and APAC revenues in their respective quarterly updates August, citing the negative impact of Covid-19 restriction in mainland China for the l…
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Search Results For: lockdown
China lockdowns affect Jimmy Choo & Versace Q1 profits
Several investors expressed concern as Capri Holdings CEO John Idol made an announcement on Tuesday about the detrimental effects of the persistent COVID-19 lockdowns on sales.
In the first quarter of…
Hainan COVID outbreak prompts temporary Haikou store closures as Sanya remains in lockdown
Hainan, home to China’s offshore duty free shopping sector, has been hit by a serious COVID-19 outbreak. As of 6am on August 8, all downtown duty free stores in Haikou and Sanya are closed until furth…
Huawei seeks talks over Indian lockdown
A delegation of senior officials from Chinese telecoms provider Huawei Technologies Co. Ltd is set to visit India for meetings with government officials concerning the current restrictions being place…
LVMH Asia sales ‘stable’ in 2022
LVMH said its Asia region revenues remained “stable” during 2022, compared to 2021, due to developments in the health situation in China.…
Tod’s, Zegna suffer sales hit in Greater China
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…
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 …
Beating fraudsters at their game: employ a multi-layer security strategy
Consumer buying behaviours have changed dramatically over the past years due to pandemic lockdowns and prolonged movement controls. As online shopping becomes mainstream, fraud has correspondingly mig…
Japan make-up market to expand by just 0.1 percent through 2026: GlobalData
The make-up market in Japan is expected to inch forward by only a compound annual growth rate (CAGR) of 0.1 percent to reach JPY 531.8 billion (USD 5.5 billion) through […]…
Seven key Asian retail markets in 2022 and what’s ahead in 2023
Against the backdrop of an unpredictable virus and its resurging variants, retailers faced some strong economic headwinds in 2022. Despite these unprecedented times, different Retailers across Asia re…