Asia – Page 3
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NewsHarrods unveils plans for first private members’ club in Shanghai
Luxury department store Harrods has unveiled plans to open its first-ever private members’ club in Shanghai, China, by the end of the year.
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NewsUniqlo owner Fast Retailing ups profit guidance
The owner of fashion giant Uniqlo, Fast Retailing, has upped its full-year profit guidance following a “strong” international performance in its third quarter.
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AnalysisStrategy spotlight: Five ways Fast Retailing is driving growth
While it is still only half the size of Inditex in terms of total sales, Uniqlo’s Japanese parent company Fast Retailing is intent on closing the gap with the world’s two largest clothing retailers, H&M in second place and the Spanish giant firmly in the top slot
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NewsAlibaba CEO steps down to focus on brand’s cloud business
Alibaba chief executive and chairman Daniel Zhang will step down later this year to focus on the retail giant’s cloud business.
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AnalysisTemu: The value-led ecommerce app with Shein and Amazon in its sights
Chinese-owned marketplace Temu has taken the ecommerce world by storm since launching last year but what do we know about the platform? As Temu finds its feet in the UK, Retail Week explores how it has been achieving rapid global growth
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NewsShein opens new Dublin headquarters
Fast-fashion retailer Shein has unveiled the opening of its new EMEA headquarters in Dublin city centre, Ireland, which will function as “the heart of Shein’s operations in the region”.
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NewsShein unveils partnership with Queen of Raw to achieve ‘full circularity’ by 2050
Fast-fashion retailer Shein has unveiled a partnership with global circular-economy company Queen of Raw in a bid to reach “full circularity” by 2050.
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InterviewQ&A: Alibaba’s Roland Palmer on Brexit and what UK retail can learn from China
Alibaba’s UK general manager Roland Palmer speaks to Retail Week about how the marketplace giant is making a name for itself in the country despite challenges from Brexit, and where UK businesses can follow China’s example
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NewsShein pledges to put sustainability front and centre of growth ambitions
Shein executive vice chairman Donald Tang says everything the retailer will do over the next decade will be with “sustainability and ESG in mind” as it eyes its next phase of growth.
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NewsMulberry credits ‘improvement’ in revenue to UK and China performance
Mulberry has reported full-year trading “in line with expectations” with group revenue “slightly ahead of last year”, according to the fashion retailer.
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AnalysisCan Chinese retailer Miniso overcome its controversial past as it eyes rapid UK expansion?
In stark contrast to its motto “Life is for Fun”, Miniso has been involved in more controversies than the number of years it has been operational. From abandoning its Chinese heritage to allegedly faking its business model, Retail Week takes a closer look at the brand ahead of its expansion plans in the UK
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NewsSuperdry sells Asia-Pacific IP for $50m in growth push
Superdry has sold its Asia-Pacific intellectual property assets with the hopes of expanding its global reach while generating much-needed cash.
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NewsShein projects doubling of revenues by 2025
Fast fashion retailer Shein has predicted its revenue will more than double to reach almost $60bn (£49.8bn) by 2025.
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NewsHotel Chocolat enjoys festive high street boost as it eyes fresh UK expansion
Hotel Chocolat hailed the bounce back of the high street over the Christmas period and unveiled plans to ramp up store expansion over the next three years.
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NewsBurberry pins sales slowdown on Covid disruption in China
Burberry has reported a slow growth in sales over Christmas as a result of Covid-related disruption in China.
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NewsHotel Chocolat teams with new partner for Japan expansion
Hotel Chocolat has entered a strategic partnership with Eat Creator Corporation to optimise the brand for the Japanese market.
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NewsExclusive: Shein web traffic jumps despite poor working conditions documentary
Shein has enjoyed surging site traffic despite recently being embroiled in a scandal over illegal working conditions.
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AnalysisAnalysis: Why the Lotte tie-up could prove to be lucky number 12 for Ocado
Ocado rubber-stamped an agreement with South Korean giant Lotte Shopping on Tuesday. The move has been hailed by investors as a coup, given South Korea’s highly mature ecommerce market and high level of automation. Could this be 12th time lucky for Ocado?
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NewsMarks & Spencer rolls out Sparks loyalty scheme internationally
Marks & Spencer is launching its Sparks loyalty programme into big overseas markets including India and the US.
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NewsShein faces backlash over supply chain working conditions
Working conditions at Chinese fast-fashion giant Shein are under scrutiny after an investigation found evidence that people in its supply chain are working 18-hour days for as little as 3p an hour.