China Latest News - Inside Retail Singapore
BreadTalk profit increased nearly fourfold in the last quarter to $4.43 million, up from $1.15 million.
Esprit Holdings reports a “significant recovery” in turning around a HK$238 million loss to a net profit of HK$61 million.
The first Lorna Jane activewear stores has opened in Singapore with a CBD showroom for both stockists and the public.
Australian online bedding retailer Koala is seeking to raise AU$15 million to move into Asia.
Metro Holdings profit dropped from $55.9 million to $20.5 million on revenue of $37.3 million during the third quarter.
Losses in its new eCommerce business in the US saw SingPost net profit slump about 28 per cent.
Shiseido had net earnings of ¥32 billion yen (US$281 million) last year, but was hit by currency variations.
An IGD Singapore team has been set up by the international food and grocery research and training charity.
While third-quarter sales grew 9.2 per cent to US$836.7 million for Michael Kors Holdings, revenue fell 3.2 per cent to $1.35 billion.
Singapore brands are still seeking growth in China despite competition, higher costs and a slowing economy.
CapitaLand Retail China has grown its net property income for its fourth quarter by 6.5 per cent.
Apple China sales have fallen for the fourth consecutive quarter, but the tech giant is putting on a brave face.