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HK jeweller Luk Fook opens first store in Korea

Hong Kong-listed jeweller Luk Fook Holdings said on Wednesday that it opened its first store in Seoul, Korea on 3 March.

The first Lukfook Jewellery retail outlet in Korea is situated in Walkerhill Duty Free in the central area of Seoul. With convenient transportation, high traffic, as well as leisure and entertainment facilities, the hotel is one of the shopping hotspots in Seoul.

First Lush Spa to open in Hong Kong in 4Q15

UK eco-friendly cosmetics company Lush is going to open the first Lush Spa in Hong Kong in the fourth quarter of 2015, the beauty retailer said yesterday.

Located at Lyndhurst Terrace of Soho Square in Central, the five-storey Lush spa will have a total space of 6,909 square feet, with retail area on the ground floor and the treatment area on the second floor to fourth floor.

Trinity to open stores in Singapore this year, eyes S Korea and SE Asia

High-end menswear retailer Trinity Limited said on Tuesday that it will open stores in Singapore, explore other parts of Southeast Asia and actively look to invest in South Korea this year despite a slight decline in revenue last year.

For the year ended on 31 December 2014, revenue dropped 2.7 percent to HKD2.62 billion from HKD2.7b a year earlier. Gross profit fell 4.6 percent from HKD2.04b to HKD1.94b. Operating profit registered a significant drop of 52.4 percent to HKD173 million.

China's luxury big spenders: young, trendy and not so rich

Source: 
CNBC

Global luxury brands expanding in China are better off targeting the HENRYs – "high earners, not rich yet" – instead of the ultra-wealthy, as a slowing economy and a government that frowns on official excesses usher in an era of less showy spending.

Bunnings growth at risk as market reaches saturation, says Citigroup

Source: 
The Sydney Morning Herald Online

Bunnings managing director John Gillam has dismissed concerns about the retailer's strategy of dominating the AUD43 billion home improvement market and squeezing out rivals by opening new stores in a saturated market.

Investment bank Citigroup said Wesfarmers-owned Bunnings already has too many stores and margins are likely to come under pressure if it presses ahead with plans to open 20 stores a year for the next two years, twice the number of new stores planned by Woolworths' Masters big-box chain and Metcash's Mitre 10 network.

French fashion brand Isabel Marant teams up with ImagineX for Greater China Expansion

French fashion brand Isabel Marant and Hong Kong-based distributor ImagineX Group said on Thursday that they have established an exclusive strategic partnership to expand the Isabel Marant brands in Greater China. Together they will develop Isabel Marant brand as well as its second line, Isabel Marant Étoile, to reach a dozen of points of sale over the next five years.

The first free-standing Isabel Marant boutique will be launched in Hong Kong at On Lan Street in July 2015. They plan to open more stores in Hong Kong, Beijing, Shanghai, and Macau.

Automated technology to boost airport passenger spending

Source: 
The Sydney Morning Herald Online

Investments by airlines and airports in automated technology that helps passengers check-in, drop their bags and pass through security and immigration queues more quickly should pay off for airports in the form of higher retail spending, according to aviation technology group SITA.

SITA president of Asia-Pacific Ilya Gutlin said relaxed passengers were more open to shopping than those that had been stressed out before reaching the airport terminal.

India's Woodland to double store count to 1000 in next 5 years

Source: 
Business Standard

Indian footwear and apparel company Woodland is planning to expand its retail network in the as a plan to double the store count to 1000 in the next five years. Woodland will invest INR500 crore for this expansion and has also set a target of INR2500 crore (INR25 billion, USD404.2 million) revenue by 2020 from 1300 crore in 2014-15.

Retail dilemma in India: nice malls are few and far between

Source: 
CNBC

A severe shortage of attractive malls has made setting up shop in India easier said than done, crimping expansion plans for both foreign retailers such as Lacoste and domestic giants like department store chain Shoppers Stop.

India's searing heat, heavy traffic and cluttered pavements make malls the most popular option for urban middle class consumers looking for a day out. But many centres – despite having been built in the last decade – are struggling to draw shoppers or retailers because of poor design or because they are difficult to manage.

China's corruption crackdown a boon for lingerie

Source: 
The Wall Street Journal Online

Chinese consumers – famous for their appetite for designer bags and gold-plated iPhone cases – are now shying away from flashy logos and displays of wealth as a government austerity campaign shames officials who buy them. But many Chinese appear to be flaunting their wealth under their clothes.

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