Asia – Page 2
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NewsConvenience store giant rejects $38bn takeover bid
The owner of c-store powerhouse 7-Eleven has spurned a $38bn takeover bid, but said it is open to further discussions.
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Opinion‘Amazon is feeling the heat from Temu – the question is what to do about it’
Amazon’s latest update shows it is at a tipping point, believes Lisa Byfield-Green
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Opinion‘In uncertain times, retailers must keep one eye looking beyond the UK’
Rishi Sunak is not right about much, in my opinion. But one thing he said in his speech calling the general election rang true – we live in the “most uncertain of times”.
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NewsTemu group records massive surge in revenues and profit
Temu’s owner PDD Holdings has posted soaring profits and revenue for the first quarter ending March 31.
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NewsMiniso posts growth driven by global store expansion
Chinese general merchandise retailer Miniso has posted growth in revenue and profit as it continues to roll out stores at home and abroad.
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AnalysisMyntra: Who is the fashion marketplace partnering with Next in India?
After highlighting overseas ambitions as one of three key strategies for growth in its latest results, Next last week inked a franchise deal with Indian marketplace Myntra to expand in the territory. Retail Week takes a look at the brand’s new partner, its history and how the deal fits in with Next’s wider strategy
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NewsNext strikes deal with Myntra to ramp up Indian expansion
Next has partnered with Myntra on a franchise agreement that will see the Next brand offered both in stores and online across India.
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AnalysisShein vs Temu: battle of the ecommerce beasts
Two online behemoths, one fierce fight. Shein and Temu have dominated headlines as they lock horns to win popularity, market share and customers. These rivals are changing the retail landscape as we know it, but which one will come out on top?
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NewsAsos said to be in talks with Reliance as it eyes expansion in India
Asos is believed to be in talks with Indian retail giant Reliance Retail to bring the British fashion brand to the Indian market, according to reports.
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AnalysisCider: What you need to know about the fast-fashion brand challenging Shein
As the fast fashion sphere becomes more competitive than ever, Retail Week sheds light on rapidly rising fast-fashion brand Cider and why it’s giving Shein a run for its money.
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NewsNo ‘major disruptions’ expected from Red Sea attacks, says Estée Lauder exec
Estée Lauder vice president of global supply chain planning Frank Maassen has said the beauty giant does not anticipate any “major disruptions” to customers as a result of the supply chain issues in the Red Sea.
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NewsLevi’s sees ‘nothing but opportunity’ in Asia as it eyes expansion
Levi’s president Michelle Gass has said there is “nothing but opportunity” in Asia for the fashion giant as she outlined its international expansion plans at Retail’s Big Show in New York this weekend.
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NewsTourist tax hits London as Chinese visitors spend ‘significantly less’
London retailers are suffering from the continued impact of VAT on overseas spending as Chinese tourists returning to the capital spend “significantly less” than they did before the Covid-19 pandemic.
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NewsMamas & Papas targets growth in Asia
Mamas & Papas has linked up with major retailers in South East Asia as part of its ongoing international expansion plans.
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AnalysisFive ways Shein is disrupting fashion as it posts £1bn in UK sales
In September 2023, Shein’s UK business posted £1.1bn in sales and a pre-tax profit of £12.2m in the 16 months to December 31, 2022, according to a Companies House filing. Here are the key things you need to know about this ecommerce powerhouse and how it is making waves in the fashion industry
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NewsUniqlo names new CEO and COO in leadership shake-up
Uniqlo parent company Fast Retailing has announced changes to Uniqlo’s senior leadership team, appointing Tadashi Yanai as chief executive and Daisuke Tsukagoshi as president and chief operating officer, starting from September 1.
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NewsExclusive: Uniqlo hunting for city locations to drive global growth
Uniqlo is “actively seeking opportunities” for growth, both in India and other locations around the world, as it continues to expand its global footprint, Retail Week can reveal.
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AnalysisFour of the biggest innovations coming out of global retail
Published today, The Global Innovation Report takes a detailed look at retailers and brands spanning 18 international markets for inspiration on new thinking, technology and partnerships to drive a path forward. Here we highlight four significant innovations
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GalleryLululemon opens newly renovated store in Hong Kong
Global athleisure brand Lululemon has opened the doors to a newly renovated store in Hong Kong at the city’s IFC mall.
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NewsH&M confirms plans to ‘phase out’ operations in Myanmar
Fashion giant H&M has confirmed plans to “phase out” its operations in Myanmar following reports of labour abuse in its garment factories.