Italy’s Prada Group announced on March 9 net revenues for the year 2022 surged 21 percent to EUR 4.2 billion (USD 4.48 billion), with retail sales climbing 24 percent to EUR 3.7 billion, despite…
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Adidas Greater China sales take massive hit
German sportswear giant Adidas announced on March 7 total revenues for the year 2022 grew just 1 percent, reflecting increases in all market segments except for Greater China. …
Puma posts Asia sales dip in 2022, expects Greater China recovery
German sportswear giant Puma SE announced it expects Greater China to return to growth in 2023, adding its market share in the country is “significantly too low,” especially compared with …
Malaysia retail collective hits out at proposed luxury goods tax
The Malaysian government’s proposed luxury goods tax has sparked concern from a bevy of local retail associations, who have collectively demanded the government to “re-think and withdraw&#…
Moncler Asia sales up 14 percent in 2022, Stone Island doubles
Luxury apparel maker Moncler Group announced on Tuesday full-year 2022 revenues reached EUR 2.6 billion (USD 2.78 billion) up 25 percent, compared to 2021.…
Reliance Brands opens first Gap India store
Indian conglomerate Reliance Retail, which inked the rights to sell U.S. apparel brand Gap in India last year, on Friday opened Gap’s first store in the country, ahead of plans to roll out multi…
Forever 21 returns to Japan, reveals expansion plans
U.S. fast-fashion retailer Forever 21 relaunched in Japan on Tuesday, as the trend-driven company looks to reinvent itself an upmarket apparel seller in the archipelago nation.…
Make Up For Ever opens in CDF Haikou International Duty Free Shopping Complex
Beauty retailer Make Up For Ever has opened its first-ever duty-free boutique in cdf Haikou International Duty Free Shopping Complex.…
Alibaba revenues inch forward despite Covid, supply chain woes
Alibaba Group Holding Limited announced on Thursday revenues for the quarter ending December 31 increased 2 percent year-over-year, to RMB 247 billion (USD 36 billion).…
Beauty brand E.l.f to exit China
U.S. beauty brand E.l.f Beauty has announced its exit from the China market, according to a local fashion media report.…