Asia
Mulberry defends price rises as pins hopes on Asia push
UK luxury fashion group Mulberry defended its plans to move further upmarket, saying it was crucial to expansion plans in Asia, where local shoppers and outbound tourists are still spending heavily on top-end lines.
Mulberry defends price rises as pins hopes on Asia push
UK luxury fashion group Mulberry defended its plans to move further upmarket, saying it was crucial to expansion plans in Asia, where local shoppers and outbound tourists are still spending heavily on top-end lines.
Made-in-Asia luxury sheds fake image
For decades, made-in-Asia luxury has been shorthand for "fake". Now, companies from South Korean bag maker Couronne to Malaysian dressmaker Farah Khan are making a case for homegrown chic.
Costco sees growth story in Asia region
The Asia-Pacific region has established itself as an important centre of growth for North American discount retailer Costco.
Australia has been singled out for a drive to sign up new members as shoppers embrace its club membership model.
During an earnings update for its second-quarter performance, Costco revealed plans to open 14 warehouse stores between now and 1 September, the end of its financial year, of which half would be in Australia and Asia.
Lululemon plans Asia expansion, sees slower sales growth
Lululemon Athletica Inc said on Thursday it would aggressively expand its chain of yoga shops in Europe and Asia, providing new avenues for growth even as its stellar performance in North America loses some lustre.
Lululemon, with 201 stores in North America and Australia, will soon open its first full store in Asia, selecting Hong Kong for the debut.
Featuring pricey, fashionable athletic clothing for young women, Lulu will also start testing the market in up to 15 countries over the next two years, CEO Christine Day said during a conference call.
Asia-Pacific poised to become largest luxury goods market
Asia-Pacific overtook Europe to become the largest regional luxury goods market in 2010. The trend continued in 2011, with record growth of over 20 percent overshadowing the more mature markets of Europe and the Americas, new research from Mintel showed.
The study on the international luxury goods market found that Asia-Pacific accounted for 36 percent of the global luxury consumer goods market, followed by Europe (35 percent), Americas (26 percent and the other regions, including the Middle East, Africa, and India (4 percent) in 2010.
Prada sales in 1H climb higher on back of strong demand in Asia
Italian fashion group Prada said on Monday that 2012 first-half sales leapt by a provisional 36.5 percent amid strong demand in most regions of the world, and Asia in particular.
adidas reports 18pc increase in 2Q
Sportswear maker adidas is reporting a nearly 18 percent increase in second-quarter earnings and is raising its full-year forecast – citing growth in emerging markets and the impact of major events such as football's European Championship and the Olympics.
Levi profit falls as sales in Asia drop
US jeans maker Levi Strauss & Co reported its quarterly net profit slumped by more than a third as business in Asia declined and it faced difficulties in Europe.
Net income for the privately held company fell to USD13.23 million in the second quarter ended on 27 May, compared with USD20.97m in the same quarter last year.
Retail leaders gather at Retail Asia Expo 2012
The fourth edition of the Retail Asia Expo has opened yesterday (12 June) at the Hong Kong Convention and Exhibition Centre. This year, the event attracts a prestigious line-up of exhibitors and the leading minds in the retail industry to address more than 8,000 retail decision makers.
