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IKEA in shopping mall push
Source: Bangkok Post IKEA, the world's biggest furniture retailer, plans to spend up to EUR3 billion (USD3.2 billion) on new shopping centres over the next 5-7 years, aiming to cash in on the...
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Hugo Boss the latest luxury brand to feel the sting of China's spending slowdown
Source: red luxury Hugo Boss is the latest luxury brand to feel the effects of the slowdown in China.The company announced that net profit fell 7 percent to EUR75.6 million (USD86.1m), well below...
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Italian luxury CEO still believes in China
Source: CNBC Despite a drop in luxury spending by Chinese consumers, the chief executive of luxury goods maker Ferragamo told CNBC Friday that the world's second largest economy was still the main...
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Hong Kong retailers shut shops as Chinese tourists stay away
Source: Jakarta Globe Some of Hong Kong's biggest retailers have closed stores and frozen expansion plans in the past year in response to a drop in the number and spending power of their main...
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India's ecommerce groups target online grocery shoppers
Source: CNBC With operations in six of India's biggest cities – and starting in two more in the coming months – Big Basket is the biggest player in India's most promising yet challenging ecommerce...
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Retail chains in India bet big on online presence as sales in stores see a drop
Source: Business Standard "Click & Collect", "Ship from Store" and "Endless Aisles", seem to be the new buzzwords for brick-and-mortar retailers. These are terms being used by offline retailers...
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Asian shoppers lift Japan department store sales, outlook murky
Source: The Business Times Sales at Japanese department stores and convenience stores rose in June for a third straight month, industry data showed, offering some relief to policymakers worried about...
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Alibaba boosts fight against fakes to lure big brands
Source: CNBC Alibaba has launched an English-language version of its fakes hotline after it signed exclusive deals with international retailers in a push to draw more global brands to its platform....
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China's big-spending tourists pause at stores as yuan drops
Source: CNBC China devalued its currency by 2 percent after a run of poor economic data – a move some economists think could herald a longer-term slide in the exchange rate. The downward move was the...
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Online to offline seen as a marriage of convenience
Source: Shanghai Daily Connecting online to offline is the new Holy Grail for the biggest players in China's internet shopping explosion, whether they be domestic or overseas operators. E-commerce...
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Yuan's drop set to hit French luxury brands
Source: Shanghai Daily China's recent yuan devaluation could hit France's lucrative luxury sector, which has already been impacted by Beijing's tough anti-corruption drive against spendthrift...
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Crunch time for HK retailers, landlords
Source: The Jakarta Post Hong Kong's retail market is at the crossroads as retailers and landlords scramble to adjust their operations and leasing strategies to cope with market changes brought by...
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As stocks fall, China's big spenders pull back
Source: CNBC Boom times for luxury in China are largely over, after the recent stock market rout and currency devaluation, compounded by an already slowing economy and a government crackdown on...
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Ferragamo says new stores in China could be smaller
Source: CNBC Italian luxury group Salvatore Ferragamo may opt for smaller new stores in China as local consumers shop more online and abroad, its chief executive said on Thursday.Asia-Pacific is the...
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Retail rents in HK's core locations record largest quarterly decline since...
Source: Retail in Asia Overall retail rents in Hong Kong's core locations slumped 9.1 percent quarter-on-quarter (q-o-q) in the third quarter of 2015, the largest quarterly decline recorded since...
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