China Latest News - Inside Retail Singapore
Hermes Asia sales grew 11.3 per cent last year toUS$2.4 billion as the luxury retailer set a new record for gross retail margin.
Tiffany & Co worldwide has had a year with solid sales growth, both geographically and across product categories.
Samsonite Asia sales lept 16 per cent last year, driven by the acquisition of Tumi.
BreadTalk Singapore says it has formed JVs with a Taiwan company to run bakeries in China.
Poor trading by Dairy Farm International’s Southeast Asian grocery business hit the company’s bottom line last year.
E-business last year was particularly strong for apparel retailer Giordano International.
Carrefour Asia has achieved a stunning turnaround just a year after recording massive losses.
Chinese tourists prefer mobile payments for shopping overseas, says a new Nielsen/Alipay survey.
E-commerce platform Shopee Singapore has launched a China Marketplace.
Trading conditions have continued to be challenging for Esprit Holdings.
After negotiations with Fosun International faltered, La Perla has a new owner, Sapinda Holding.
After buying land in Shanghai, GIC Private and China Vanke plan to jointly develop a high-end shopping centre.