French skincare products maker L’Occitane International saw its interim net profit jump 33.9 per cent from a year earlier, as it banks on emerging economies and lucrative online marketplaces for…
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Chinese in South Korea shun luxury brands
Chinese visitors to South Korea are buying less from global luxury mainstays like Louis Vuitton and Chanel in favour of cheaper homegrown brands, as young, independent travellers make up a bigger shar…
Wharf shrugs off Hong Kong’s retail woes
Mall operator Wharf Holdings has bucked the retail slump trend by posting stronger-than-expected interim earnings buoyed by resilient rental income.…
Rising yen and won could benefit Hong Kong retailers
Hong Kong’s battered retail sector could benefit from a rise in the strength of the Japanese yen and the South Korean won, according to a report from Credit Suisse.…
Mainland China: Jewelry loses sparkle as industry declines
For the first five months this year, China’s jewelry industry has experienced its first distinct decline in a decade, with many leading jewelry retailers suffering falling revenues and profits.…