With international tourism not expected to return to pre-Covid levels until at least 2023 across APAC, duty-free retailers around the region are exploring new revenue streams in an effort to keep the industry going. According to GlobalData retail analyst Vijay Bhupathiraju, finding new revenue streams, especially from Chinese customers, is crucial for the duty-free market
Lululemon Athletica has unveiled two new initiatives to the market, Like New and Earth Dye, which are aimed at delivering on its future-facing commitments toward sustainability. Like New, a re-commerce platform being trialled in California and Texas, will allow customers to trade-in Lululemon products that are ‘like new’, before opening as a resale platform in […]
Starbucks Japan has unveiled its new store design inspired by Japanese traditional architecture.  Located in Oharai-machi, a flourishing town near the famous 2000 year-old Ise Jingu shrine, the new Starbucks store spans two stories, with design blending with the local historical landscape.  The Oharai-machi store’s design “fits seamlessly into the winding cobblestone
Luxury fashion house Burberry worked with Elle Digital Japan to create an interactive virtual replica of its flagship Ginza store. The company said the two brands aim to “push the boundaries through creativity, exploring the relationship between physical and digital experiences to create exciting new concepts for its community and enhance personalised luxury commerce”.
Louis Vuitton Japan has unveiled a completely new look for its Namiki-dori Ginza store, the luxury retailer’s second flagship to house a cafe. The store design is a result of a collaboration between two architects – Jun Aoki and Peter Marino – who were behind the famous design of the Louis Vuitton Osaka flagship. Inside […]
es. Customers can access move-in-ready packages including renovation, construction services and home furnishing planning.  “Together with Livspace, we hope to provide a more accessible and personalised experience with technology, which will allow customers to achieve their dream home,” said Jaap Doornbos, retail director at Ikea Singapore and Philippines.  “With the
Swedish fashion retailer H&M’s online investments were unable to make up for lost store sales as the company reported a slump in full-year profit. The world’s second largest clothing retailer said its full-year pretax profit fell to US$239.19 million (2.05 billion Swedish krona) for the year through November from $2.08 billion, hurt by restrictions and […]
Online marketplace Asos has picked up the Topshop, Topman, Miss Selfridge and HIIT brands from the collapsing Arcadia Group. The £265m deal sees the business pick up the four brands, which it sees as complementary to its own brand portfolio, and will be completed on the 4th February. The cost was paid entirely from Asos’ […]
Underwear brand Hanes appointed Tanya Deans as the new president for Australasia effective on 8 February 2021. She will succeed David Bortolussi, who left the company in August. Deans has 25 years of industry experience, having held a number of product leadership roles, handling the Bras N Things brand most recently. “I am thrilled to […]
Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third consecutive record profit and quarterly sales above $100 billion for the first time. The transition, slated for the third quarter, will make current cloud computing chief Andy Jassy Amazon’s next chief executive […]
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