Italy’s Zegna Group announced on October 27 total revenues for the third quarter increased 27.5 percent to 357 million euros (USD 353.59 million), as the owner of Zegna and Thom Browne saw a return to…
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Malaysia e-commerce market to grow 20 percent in 2022
The Malaysian e-commerce market is set to grow 19.9 percent to reach MYR 38.2 billion (USD 9.2 billion) in 2022, on the back of the nation’s rapidly growing shift from […]…
Skechers APAC sales up 9 percent in Q3
On October 25, Skechers U.S.A Inc announced its total revenues for the second quarter hit a record-breaking USD 1.88 billion, coinciding with a single-digit uptick in the sneaker company’s Asia-Pacifi…
Kering reports revenue growth in Q3 2022
Kering Group’s revenue in Q32022 was up 23 percent as reported and up 14 percent on a comparable basis compared to the third quarter of 2021. Versus the third quarter of 2019, comparable revenue was u…
LVMH maintains strong growth in the first nine months
Leading luxury goods group LVMH Moët Hennessy Louis Vuitton recorded revenue of EUR 56.5 billion in the first nine months of 2022, up by 28 percent compared to the same period in 2021. Organic revenue…
Cross-border luxury sales continue to grow
Global and domestic direct-to-consumer e-commerce company ESW reported a 17 percent increase in cross-border online sales of luxury goods in the first half of 2022, despite diminishing consumer confid…
The Fragrance Edit: Chapter VI – What’s with the exponential growth of the Chinese niche perfume market?
Despite the murky environment in the Chinese beauty market, the perfume and fragrance sector is still attracting much attention. In 2022, over 20 niche perfume brands took part in the 618 shopping fes…
Thai economy bounces back: retailers need to keep up
At long last, Thailand’s economy finally seems to be firmly on the recovery trail. In 2023, the Thai economy is expected to expand at its fastest rate in five years, back when social distancing and ma…
South Korea retail sales increased 10 percent in July
South Korea retail sales in July gained 9.7 percent year-on-year, on the back of an easing in Covid-19 restrictions and an increase in outdoor activities across the country, according to data compiled…
U.S. beauty, fashion companies report lacklustre quarterly sales on lockdowns
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…