Asia has surpassed the US to become the world’s biggest retailing market, offering $3.8 trillion in sales in 2011, or 41% of the global pie, fueled by the growths of mid range retailers, sources reported.
Sam's Club, the membership store of Wal-Mart, has opened its ninth China in Hangzhou.
Located in Hangzhou's Xixi In-City, the new Sam's Club has an area of over 20,000 square meters, selling 4,600 kinds of well-selected products, including fresh food, dry goods, home appliances, household supplies, and apparel.
Dufry has further grown its presence in Asia after signing a deal to operate seven retail and duty-free stores within Bali International Airport in Indonesia, selling high-end goods such as perfumes, cosmetics, tobacco, liquor, confectionery, fine food, as well as a whiskey boutique and several satellite shops.
A number of renowned architects have been taking a break from their routine and carving into footwear design, producing stunning cross-over masterpieces, according to Architizer News.
Leather chemicals provider Stahl has announced that an event will be held on June 17 and 18 at Paris to introduce newest technologies to luxury leathergoods-focused tanneries, sources reported.
Adidas, the world's second-largest sporting goods brand, has posted its highest ever gross profit margin due to high demand for its higher-priced products despite weak spending in Europe, sources reported.
French luxury brand Dior Homme has launched its first runway show, which was a reprisal of the brand's recent Paris event, in late April at the Museum of the Central Academy of Fine Arts in Beijing.
