Despite the continued impact of COVID-19, L’Occitane International delivered a strong set of results in the first half of FY2022, with sales growth accelerating to 7 percent above pre-pandemic l…
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Alibaba announces financial results
Alibaba Group Holding Limited reported the group’s revenue growth rose 29 percent to RMB 200.69 billion (US$31.44 billion), its slowest rate of growth in six quarters for the quarter ended 30th Septem…
Yatsen announces financial results
The Chinese beauty company Yatsen Holding Limited reported its net revenues for the third quarter ended 30th September, 2021 increased by 6 percent to RMB 1.34 billion (US$208.4 million) from RMB1.27 …
Semir’s 2021 Double 11 sales exceed US$358.2 million
This year marks Semir’s tenth year of participation in the Double 11 event. At the stroke of midnight on the 12th November, the group had recorded CNY 2.298 billion (US$358.2 million) of omnichannel s…
Malaysian e-commerce market to grow by 10.6 percent in 2021
The Malaysian e-commerce market is expected to register a strong growth of 10.6 percent in 2021 due to an accelerated shift towards online shopping among consumers caused by the COVID-19 pandemic, for…
Burberry announces financial results
Fashion house Burberry reported that its first half of FY22 revenues recovered back to FY20 levels at constant exchange rates.…
Alibaba’s 11.11 Global Shopping Festival sets a new record
Alibaba Group’s 11.11 Global Shopping Festival has notched new highs, closing out the event this week with US$84.54 billion in gross merchandise volume but Alibaba is looking beyond numbers.…
A look at Pandora’s China strategy
Despite a 14 percent global organic growth year on year, Pandora reported a disappointing 35 percent drop in sales across China in its Q3 2021 report.…
JD’s Singles’ Day Grand Promotion sold 190 million products in four hours
JD’s Singles Day Grand Promotion started at 8 pm on 31st October, with 190 million products sold on JD within 4 hours. JD reported that pre-sales of 59,688 brands has surged over 100 percent YoY.…
Capri Holdings Limited announces financial results
Capri Holdings Limited reported an increase of 17 percent in revenue, with better than anticipated results across all three luxury houses for its second quarter of Fiscal 2022 ended 25th September, 20…