Rovio Entertainment Ltd, the developer of Angry Birds, expects its China revenue to triple in 2012, thanks to booming license income from Angry Birds products such as T-shirts, toys and amusement parks, Paul Chen, Rovio China's general manager, said on Friday.
Rovio on Friday opened an Angry Birds brand store in Shanghai, the first one outside its home base in Finland. The store in Xujiahui area, which sells licensed apparel and iPhone cases, is the first of 25 such outlets scheduled to open in China by the end of this year.
Carrefour, the world's largest retailer after Walmart, is learnt to be rationalising its expansion plans in India, prompted by a worsening global economy, particularly in Europe.
Pune was a major destination the France-based chain was looking at for its cash and carry (wholesale) operations, but that's now on the backburner, according to two sources. Some of the other store openings it had planned in the country for 2012 might also get delayed, they said.
Hong Kong, Singapore, Shanghai, Beijing and Tokyo are among the top 20 cities where international retailers have the largest presence, according to the 2012 edition of How Global is the Business of Retail? by global property adviser CBRE.
According to the fifth annual edition of the Global Retail Theft Barometer, retail shrinkage rate in Japan is 1.04 percent of sales, the third-lowest in the world. However, this rate was up 4 percent compared to the previous year. The total shrinkage amount – profit loss due to customer and employee theft, supplier/vendor fraud and administrative errors – in Japan reached JPY774 billion (USD9.96b), the second-highest worldwide, representing almost 53 percent of the total sum in the Asia-Pacific.
Swiss luxury goods group Richemont on Thursday posted a sharp increase in fiscal 2011 profit, driven by strong sales growth across all segments and regions.
Sales increased 33 percent to EUR6.89 billion (USD9.85b) for the year ended on 31 March 2011 from EUR5.18 in the previous year. Gross profit rose 38 percent from EUR3.19b to EUR4.39b. Operating profit jumped 63 percent to EUR1.36b, double the rate of growth in sales.
Barbara Wold has more than 45 years of first-hand retail experience, and is one of the industry's most sought-after speakers and consultants. These are her tips for "How to Make Your Business Run Better and More Profitably":
The increasing spending power of consumers in Asia has been a boon to many industries thanks to the economic recovery, including the major household appliances sector which has managed to bounce back from its weakened performance of last year.
With trips to South Korea continuing to rise, spending by Chinese tourists in the country is expected to exceed USD29 billion by 2020.
With KRW6.2 trillion spent last year, spending will multiply nearly five times over the next six years. Overall retail sales in South Korea are expected to climb to KRW398.2 trillion over the same time period, according to a study by Hana Daetoo Securities Co., reports GlobalPost.
McDonald's on Wednesday became the latest food giant to enter the retail coffee market, announcing plans to market a variety of coffee products under its McCafe brand.
Partnering with food giant Kraft, the fast-food chain will market ground coffee, whole bean and single-cup products at supermarkets and other stores for home brewing.
The products will be launched in early 2015, McDonald's and Kraft said.
China's online retailer of beauty products Jumei International Holding Limited recently announced total net revenues were USD154.4 million in the second quarter of 2014, an increase of 41.9 percent from USD108.8 million in the second quarter of 2013.
It said the increase was primarily attributable to the increase in the number of active customers and total orders. The number of active customers increased by 42.9 percent to approximately 5 million from approximately 3.5 million in the same period of 2013.