Samsonite International SA, the world's biggest luggage maker, on Tuesday posted record net sales of USD983.6 million for the six months ended on 30 June 2013, driven by strong sales in Asia. That's 16.2 percent increase compared with USD846.7m in the same period prior year. Adjusted net income rose 17.6 percent to USD92.9m, after excluding certain tax benefits recognised during the first half of 2012.
The company attributed the strong first half results to "diversification in terms of brands, products and markets".
Woolworths Ltd. has been out shopping and what's in its cart reflects how Australian supermarket operators rising worries about the difficulty of luring more people into the aisles.
Woolworths has agreed to buy New Zealand-based retailer EziBuy Holdings Ltd. for NZD350 million (USD275m), in a move that is expected to improve its ability to reach customers who do much of their shopping on the internet or through catalogues.
Chinese consumers are responding to a powerful new marketing tactic that plays to a widespread fear of food contamination – the promise of safe groceries sold online.
Pledging produce direct from the farm, vendors have found food is becoming one of the fastest-growing segments of Internet retailing as they cash in on scares from cadmium-tainted rice to recycled cooking oil.
Every 11 Nov. in China is Singles' Day, designated as a day to celebrate being unmarried. Last year on the holiday, online sales reached USD4 billion – far surpassing, for example, the USD1.5 billion in sales on Cyber Monday in the US.
The growth in online sales growth is driven by an expanding Chinese middle class buying apparel, accessories and electronics, but a larger question may be – who turned Singles' Day into a shopping juggernaut?
Chinese clothing giant Bosideng International Holdings, on Friday said that its subsidiary Talent Shine International Limited (Talent Shine) invested CNY150 million (USD24.4m) in Shenzhen Bangbao Fashion Wear Company Limited, which owns the ladies' wear brand "BUOU BUOU", and acquired its 30 percent interests.
GNC Holdings, Inc., the US-based specialty retailer of health and wellness products, on Monday announced that it is expanding its retail presence in China by opening the first stand-alone GNC store in Shanghai. The first stand-alone location opened yesterday in Raffles City, one of Shanghai's prime retail and office space locations.
The move complements GNC's existing marketing footprint in the world's largest consumer market. The company plans on opening an additional 25 locations in China within the next 12 months.
Stella International, the Asian shoemaker that manufactures for companies such as Prada, plans to expand its own brands in Paris, turning into a lower-priced competitor to luxury clients there.
The contract manufacturer plans to add two shops in Paris by the end of this year and expand into other locations in Europe, said Stephen Chi, chief executive of the company's women's footwear and retail business division. The company, which was founded in Taiwan and trades on the Hong Kong stock exchange, already has one Paris store.
Ahead of its 15-year anniversary celebrations in Malaysia, Starbucks Coffee Company has announced plans to open 100 new stores in Malaysia over the next four years.
John Culver, group president, Starbucks China and Asia-Pacific, Channel Development and Emerging Brands, reaffirmed the company’s commitment to building the brand in Malaysia, and across Southeast Asia, during his two-day market visit in Kuala Lumpur recently.
In 2006, Delhi Metro Rail Corporation, or DMRC, started its retail operations and stations like Inderlok, Kashmere Gate, Rajiv Chowk were targeted as retail hubs. Inderlok station has a McDonald's, Big Bazaar, Comesum restaurant and wine and beer shop. At the Big Bazaar outlet, there are very few customers, while the McDonald's looks quite full. At the Akshardham station, which has a Parsvnath mall, hardly any mall space has been rented out. A "Coming Soon" poster of Haldiram's outlet has faded away. The outlet has been "coming soon" since 2010.
During the China Daily Asia Leadership Roundtable, a co-branded session with the Omni Channel Retailing Conference at Retail Asia Expo 2013, a panel of four leading retailers and retail space asset managers shared their views on a variety of issues facing retailers in Asia today.