Billionaire John Gokongwei’s Robinsons Retail Holdings Inc. is considering an exit from the fashion business as it struggles to compete with cheaper, faster chains like Fast Retailing Co.’s Uniqlo.…
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Lotte Duty Free outperforms its annual overseas sales in 2018
South Korea’s top travel retailer Lotte Duty Free expects to outperform its annual overseas sales goal of 700 billion won (US$591 million).…
Lululemon reports double-digit revenue growth
Canada’s Lululemon Athletica said net revenue in the first quarter was $782.3 million, an increase of 20%, with strong online growth driving the double-digit gains.…
Rakuten first-quarter profits surge on sales promotions, new tech investments
Japanese e-commerce giant Rakuten said net income for the first-quarter of fiscal 2017 more than doubled for the three months ending March 31, on the back of a positive customer response to sales prom…
JD.com swings to profit first, revenues surge 41%
E-commerce giant JD.com said on Monday first-quarter revenues lifted 41% for fiscal 2017, as the second-biggest online retailer in China recorded its first profit as a publicly listed company.…
Chinese e-commerce firm JD.com’s revenue jumps 47 percent
JD.com Inc, China’s second biggest e-commerce firm, said fourth-quarter revenue jumped 47 percent from a year earlier driven by strong sales in their core e-commerce businesses.…