Repatriation of luxury spending and improving consumer sentiment are seen as a boost.
The Chinese jewelry giant said its same-store sales between Jan. 14 and Feb. 3 were basically in line with last year’s holiday period. Meanwhile, the jeweler said sales in Hong Kong and Macau slid seven percent.
The Korean company, whose brand portfolio includes Etude and Innisfree, said its net profit for the fourth quarter ended Dec. 31 fell 4.3 percent.
The Fung Retailing exec melds eastern and western cultures to push business to the next level.
The Hermes-backed Chinese lifestyle brand is gearing up to launch a store on Tmall in March, the latest sign that the luxury goods industry’s contentious relationship with Alibaba is starting to improve.
The fall-winter edition of the show saw around 1,500 exhibitors- up from the roughly 1,200 that turned up for the previous edition in July.
Alibaba, which has been criticized for the prevalence of fake products on its platforms, said the new group will “foster industry collaboration and promote the use of big data and technology in the global fight against counterfeits.”
Meanwhile, Bottega Veneta is sponsoring a sequence of exhibitions at The Shanghai Centre of Photography.
A new report from Nomura taps into a broader trend with the rise of Southeast Asia as a hot destination for fashion brands and retailers.
These new and noteworthy brands and collaborations will be featured at the Florence trade show.
The deal would cost as much as 19.8 Hong Kong dollars, or $2.6 billion. Intime operates 29 department stores and 17 shopping malls, mainly in first- and second-tier cities in China.
Legal experts question how effective the lawsuit filed by Alibaba will be, given the sheer amount of counterfeits sold on the Taobao platform.