Clothes retailer Giordano International Ltd has announced that its annual net profit decreased by 38.46 percent to HKD408 million (USD52.6 million) last year as sales shrank.
The company told the Hong…
.
Your one-stop source for retail intelligence in Asia
Giorgio Armani to launch new women’s line, ‘New Normal’
Giorgio Armani is launching a new women’s line labelled New Normal which will be in stores starting with June during the pre-Fall season. ”The new line will express my philosophy of how wo…
Snapdeal appoints new technology advisor
Indian online marketplace Snapdeal.com named Jeyandran Venugopal as a technology advisor.
He is expected to work with the leadership team to lay down the strategic technology roadmap for the future.
…
Macau retail sales value grows only marginally in 2014
The value of retail sales in Macau was MOP67.6 billion (US$8.46 billion) last year, 1 per cent more than the year before, Business Daily reports, citing Census and Statistics Service data.
The newspap…
Alibaba opens data center in Silicon Valley
Alibaba Group Holding Ltd. has thrived in the fierce competition of China’s massive e-commerce market. It may find tougher challenges in the cutthroat US cloud computing business.
To view the fu…
Philippine’s SM Retail posts record net income growth in 2014
SM Retail Inc. posted a record net income of PHP5.9 billion (USD135.5 million) in 2014, a 3.3 percent increase over the previous year, while total sales rose 9 percent to PHP197.1 billion (USD4.4 bi…
JD.com tops estimates as revenue soars
China’s JD.com Inc, the biggest e-commerce rival to Alibaba Group Holding Ltd, posted a 73 percent rise in revenue for the three months through December, topping estimates as it expanded sales a…
Tesco board loses two female directors
Supermarket personnel changes continue but departures of Liv Garfield and Jacqueline Tammenoms Bakker raise questions about presence of women in boardroom
Tesco is left with just one woman on its boar…
India’s Future Retail projects 25pc revenue growth for next year
Future Retail (India) Ltd., one of India’s largest retailers, expects revenues to grow as much as 25 percent over the next year as more Indians shop at its stores.
To view the full article (note…
HK retail sales down 14.6pc in January
Retail sales in Hong Kong, estimated at USD46.6 billion, decreased 14.6 percent compared with the same month in 2014, according to the Census and Statistics Department (C&SD) released on Tuesday.
…