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Tag: Sales

  • Indonesia retail gross sales progress accelerates

    Indonesia retail gross sales progress accelerates

    Robust gross sales of cell phones and computer systems have powered an sudden improve within the progress fee of Indonesia retail gross sales.

    Financial institution of Indonesia knowledge simply launched confirmed progress of 22.four per cent in April, which adopted an already wholesome 19.7 per cent in March.

    A month in the past, when the March knowledge was launched, the financial institution instructed the looming wet season might mood retail demand and that retailers anticipated worth pressures within the leadup to the Muslim fasting month and Eid-al Fitr.

    So the power of April’s progress got here as a shock.

    In addition to IT and ‘communication gear’, meals, drinks and tobacco gross sales have been additionally robust.

    The Financial institution of Indonesia aggregates knowledge from 650 retailers in 10 main Indonesian cities to create a determine which is effective for the tendencies it displays.

    However the nature of climatic results and non secular observations on shopper spending patterns sees the expansion price see-saw from month to month, starting from as little as three.three per cent in December and 10.9 per cent in January to April’s current excessive.

    As soon as once more, the retailers surveyed stated they anticipated gross sales progress to sluggish in Might, weakened by the car gasoline, spare elements and equipment classes. They stated they anticipate inflationary strain in July to melt resulting from retail low cost packages however past that, will increase once more on account of potential disruption of the availability chain by dangerous climate.

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  • Nu Pores and skin Asia plans to triple gross sales

    Nu Pores and skin Asia plans to triple gross sales

    US celebration plan cosmetics enterprise Nu Pores and skin sees Asia as a key to attaining $5 billion in international gross sales by 2020.

    The Utah based mostly firm says its needs to triple gross sales in Asia to US$1 billion inside 5 years.

    Nu Pores and skin Enterprises says Nu Pores and skin Asia presently contributes 15 per cent of its complete gross sales and its sees biggest potential within the area within the markets of Thailand, Malaysia and Indonesia.

    Apart from growing its community of direct sellers, the corporate is increasing its product vary. A key new product class shall be Y-Span, a meals complement.

    Based in 1984, Nu Pores and skin made its Asian debut in 1991 in Hong Kong. Regardless of being listed on the NYSE giving it credibility, the corporate has courted controversy with its representations to would-be resellers of its merchandise, accused of overstating the revenue potential. It settled with 5 US states over such disputes.

    Final yr it was topic to investigation by Chinese language authorities over allegations of working an “unlawful pyramid scheme”.

    As we speak the corporate operates in 53 nations and boasts a community of 950,000 particular person resellers.

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  • Hong Kong retail gross sales slide eases

    Hong Kong retail gross sales slide eases

    Hong Kong retail gross sales in April slipped 2.2 per cent on a yr on yr foundation, proof that the decline in retail spending is stabilising.

    The Census and Statistics Division (C&SD) says the entire worth of retail gross sales in April 2015 is provisionally estimated at $38 billion. For the primary 4 months of 2015 taken collectively, complete retail gross sales decreased by 2.three per cent in worth in contrast with the identical interval in 2014.

    And after netting out the impact of worth modifications over the identical interval, the quantity of complete retail gross sales in April 2015 elevated by 2.four per cent over a yr earlier. The revised estimate of the quantity of complete retail gross sales in March 2015 elevated by zero.eight per cent and for the primary 4 months of 2015 taken collectively, complete gross sales elevated by zero.5 per cent in quantity in contrast.

    Retail gross sales efficiency remained subdued in April, primarily dragged by the marked fall within the gross sales of jewelry, watches and clocks and helpful presents, largely reflecting weaker customer spending on big-ticket gadgets. A authorities spokesman stated many different gadgets additionally confirmed sluggish gross sales efficiency.

    “But, shops promoting sure shopper sturdy items continued to register notable progress in gross sales and offered some buffer, primarily helped by the launch of sure smartphone fashions,” he stated.

    “The near-term retail gross sales efficiency will proceed to hinge on inbound tourism progress, though the secure labour market circumstances ought to render help to native shopper sentiment. We have to monitor intently whether or not the current slowdown in retail enterprise, in addition to the varied uncertainties within the exterior surroundings, would have an effect on the native financial system and job creation down the street.

    Jewelry, watches and clocks, and worthwhile presents gross sales decreased by an enormous 19.5 per cent in April in comparison with April 2014.

    Different declining classes have been attire (down 5.9 per cent in worth); commodities in supermarkets (down zero.9 per cent); medicines and cosmetics (down three per cent); commodities in malls (down three.6 per cent); different shopper items, not elsewhere categorised (down three.7 per cent); fuels (down 12.eight per cent); footwear and equipment (down three per cent); Chinese language medicine and herbs (down 7.7 per cent); and optical outlets (down zero.eight per cent).

    In distinction, the worth of gross sales of meals, alcoholic drinks and tobacco elevated by four.2 per cent in April. This was adopted by gross sales of electrical items and photographic gear (up eight.6 per cent in worth); miscellaneous shopper sturdy items (up 97.9 per cent); books, newspapers, stationery and presents (up four.1 per cent); and furnishings and fixtures (up zero.7 per cent).

    (Notice: these classes are listed in descending order of complete worth of gross sales; IE: the dimensions of the class).

    Extra detailed statistics are given within the Report on Month-to-month Survey of Retail Gross sales which could be downloaded free on the C&SD web site.

  • South Korea April department store sales barely rise

    South Korea April department store sales barely rise

    May 27 Sales at top South Korean department stores rose 1.3 percent in April from a year earlier, revised government data showed on Wednesday, turning from a fall in March but slightly weaker than a recent estimate. It was compared to a preliminary 1.5 percent gain estimate by the finance ministry early this month and a 5.7 percent fall in March.

    The sales data from department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co is a useful guide on retail sales trends in Asia’s fourth-largest economy.

    The same industry ministry data showed annual sales at discount stores held steady in April from a year earlier, slightly better than a 0.2 percent fall previously estimated.

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  • Japan retail gross sales rebound

    Japan retail gross sales rebound

    Japan retail gross sales bounced again in April based on commerce ministry knowledge.

    Rising 5 per cent within the month, yr on yr,  the determine reversed a 3 month lengthy downward development and gave the Financial institution of Japan room for cautious optimism on the general state of the nation’s struggling financial system. In March, retail gross sales fell 9 per cent, though that was largely as a result of an irregular March 2014 when shoppers introduced ahead spending previous to a gross sales tax improve on April 1.

    The BoJ says the retail figures present shoppers are extra assured, easing the strain on the financial institution to extend a stimulus program.

    Based mostly on a seasonally adjusted  month on month foundation, Japan retail gross sales rose zero.four per cent in April following a drop of 1.eight per cent in March.

    The Japanese financial system expanded on the quickest fee in a yr within the first quarter, lastly rising from the 2014 recession.

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  • China Xiniya Style gross sales halve

    China Xiniya Style gross sales halve

    China Xiniya Trend has reported a close to halving of its retail gross sales within the first quarter of 2015 throughout which era it closed 294 authorised retailers.

    The Chinese language menswear firm is mid means via a serious restructure, aiming to spice up margins and maximise income. Surprisingly, regardless of the gross sales and retailer attrition, the corporate achieved a revenue, albeit down 38.7 per cent.

    China Xiniya Style releases monetary knowledge in RMB. It says first quarter income fell 47.three per cent to RMB 107.9 million (US$17.four million), from 204.6 million in the identical quarter final yr.

    Gross margin was 27.9 per cent, down from 29.6 per cent.  Internet revenue declined from RMB26.6 million to RMB16.three million (US$2.6 million).

    After the closure of almost one third of its authorised retail community, the corporate was left with 604 shops throughout China as at March 31.

    Chairman and CEO Qiming Xu says sentiment among the many firm’s distributors and authorised retailers has improved considerably.

    “As a part of our effort to stabilise our retail community, we at the moment are specializing in the brief time period challenges of preserving money, implementing value slicing initiatives and putting in an ERP system to successfully monitor our distribution channels. With these short-term initiatives in place and our substantial capital place, we’re properly ready for the consolidation of the menswear business.

    “We consider quite a few alternatives will current themselves within the mid to long-term because the market more and more turns into concentrated amongst a number of huge manufacturers. On the similar time, we’re working to scale back the layers of our enterprise mannequin to extend effectivity by changing distributors into metropolis retailers,” he stated.

    “As we start the subsequent part, we’ll proceed to watch our retail community intently and should provoke applicable actions because the state of affairs evolves over the yr or subsequent. I’m assured that the modifications we now have made to our enterprise mannequin will additional strengthen the place of our model in the course of the subsequent spherical of business consolidation.”

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  • Macau retail gross sales stoop

    Macau retail gross sales stoop

    A downturn in casino-bound vacationers is undoubtedly behind a droop in Macau retail gross sales.

    Chinese language information company Xinhua studies Macau retail gross sales within the first quarter dropped by 11 per cent yr on yr.

    In comparison with the earlier quarter, gross sales dropped 5 per cent.

    First quarter gross sales totalled 16.41 billion patacas (US$2.05 billion), in response to the Statistics and Census Bureau.

    Gross sales of watches and jewelry which accounted for 23 per cent of complete gross sales slumped 31 per cent to three.73 billion patacas. Leather-based items fell 28 per cent, items bought in department shops by 13 per cent and automobiles by 13 per cent. However gross sales of telephones rose 56 per cent, boosted by the introduction of latest fashions.

    Retail gross sales measured by quantity fell three per cent in first quarter of 2015 in contrast with the final quarter of 2014. Leather-based items and meals have been the most important movers, down 14 per cent every, watches and jewelry down 13 per cent, automobiles down 12 per cent.

    However telephone gross sales rose by 25 per cent.

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  • Aeon posts 1Q profit growth, sees challenging year

    Aeon posts 1Q profit growth, sees challenging year

    Aeon chairman Datuk Abdullah Mohd Yusof said nevertheless, the group remains confident in meeting the challenges head-on.

    “After consumers get used to the changes in the new tax system, they will start shopping again, especially in the upcoming festive periods,” he told reporters after the group’s annual general meeting yesterday.

    After enjoying four consecutive years of steady growth, Aeon saw its net profit for the financial year ended December 31, 2014 (FY14) drop 7.9% to RM212.71 million from RM230.96 million in FY13.

    However, its net profit rebounded for the first quarter ended March 31, 2015 (1QFY15), growing 5.4% to RM49.4 million or 3.52 sen a share from RM46.88 million or 3.34 sen a share a year ago. Revenue was up by 17.1% to RM1.11 billion from RM945.51 million in 1QFY14.

    Abdullah blamed the net profit decline in FY14 on the rising cost of living and operation costs, as well as an increase in its capital expenditure (capex) for expansion.

    “The [implementation of the] minimum wage also caused [the] costs to go up. The cost of doing business has risen. We have also been accelerating our expansion to have a bigger market share,” said Aeon managing director Nur Qamarina Chew Abdullah.

    Aeon has set aside RM700 million as capex for FY15, an increase from about RM670 million last financial year.

    Abdullah said the budget had been earmarked for the development of upcoming Aeon malls, namely in Shah Alam, Selangor and Klebang, Melaka, which are slated to open in 4Q15.

    The group will also open malls in Kota Baru, Kelantan by 2Q16, and Kuching, Sarawak in 2Q17.

    The overall occupancy rate of its malls currently stands at 93%, a number that Abdullah said is a “fairly good” average.

    Yesterday, Aeon shares closed 0.96% higher at RM3.16, with some 1.77 million shares traded. It closed with a market capitalisation of RM4.39 billion.

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  • Worldwide gross sales drive Mothercare restoration

    Worldwide gross sales drive Mothercare restoration

    Struggling UK childrenswear idea Mothercare has reported bought worldwide gross sales and a burgeoning on-line enterprise because it recovers its mojo.

    Within the full yr to March 28, Mothercare says its pre-tax, underlying revenue rose 37 per cent to £13 million. Worldwide gross sales have been up 5.6 per cent – a good more healthy 12.four per cent on a continuing foreign money foundation – and on-line gross sales rose 18 per cent, accounting for 30 per cent of complete UK gross sales with over a 3rd of on-line orders collected in retailer and 82 per cent of on-line visitors now generated from cellular.

    UK like-for-like gross sales have been up two per cent, and gross margin stabilised, the corporate stated in its annual assertion.

    Complete UK house market gross sales have been down zero.9 per cent as an extra 31 underperforming shops have been closed. However the concentrate on increasing internationally is clearly bearing fruit: Mothercare stated complete promoting area was up 9 per cent, now numbering 1273 shops in 60 nations, with 52 new ones opened in the course of the monetary yr. Mothercare made its Korean debut, opening 4 shops.

    Chairman Alan Parker stated the yr was certainly one of “main change” for the corporate, with a brand new CEO and CFO recruited, new financing preparations entered into with its banks, an uninvited takeover supply rebuffed and a efficiently accomplished a rights difficulty.

    “I’m assured that we now have the appropriate management and plans to realize our clear potential of being a world main international retailer.”

    CEO Mark Newton-Jones stated the corporate’s worldwide enterprise has delivered progress when it comes to area, gross sales and revenue, regardless of elevated financial and overseas foreign money headwinds.

    “We’re making good progress towards all six pillars of our technique and we’ll proceed to construct from this platform within the yr forward. There’s nonetheless a lot to do and buying and selling circumstances might stay difficult, however we’ll keep singularly targeted on our imaginative and prescient of being the main international retailer for folks and younger youngsters.”

    Mothercare’s worldwide enterprise now accounts for 64 per cent of the model’s worldwide area and 62 per cent of gross sales.

    The corporate stated Asia, the place Mothercare now has 397 shops in 13 nations, continues to supply thrilling excessive progress alternatives.

    “We opened our first 4 shops in South Korea, within the final quarter of the yr. This market provides vital alternative with a rich center class, good high quality retail area and a mature on-line market. Because the finish of the yr, we’ve got exited our three way partnership in India, which not wanted our help to develop the enterprise. India now operates on a pure franchise foundation. Area was up about 17 per cent year-on-year with mid-single-digit like-for-like gross sales progress. Robust fixed foreign money gross sales progress was diluted by ongoing foreign money devaluation which resulted in excessive single-digit gross sales progress in precise foreign money.

    “Asia now has transactional web sites in China, India and Indonesia.”

    Within the yr forward, Mothercare says it plans to proceed to develop its enterprise to turn out to be digitally led by investing in its on-line platform.

    “On the similar time, in keeping with the plans we communicated final yr, we’ll modernise and refurbish 35-40 shops while closing 25-30 underperforming shops.”

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  • Ever Glory Worldwide gross sales slip

    Ever Glory Worldwide gross sales slip

    Nasdaq-listed style retailer Ever-Glory Worldwide says first quarter gross sales slid 7.7 per cent.

    The Nanjing-based enterprise reported complete gross sales within the three months to March 31 of US$97.9 million, in contrast with $106 million within the first quarter of final yr.

    It says same-store gross sales in its community of 1206 retail shops slipped 2.9 per cent, however wholesale gross sales to different retailers carrying its strains fell 15.6 per cent. The corporate’s retailer community grew by 230 retailers year-on-year.

    Wholesale gross sales fell most importantly in Germany, France and different European markets, in Japan and the US. However progress within the UK and mainland China made up for a few of the lower.

    Complete gross revenue for the quarter elevated 18.7 per cent to $30.6 million, in comparison with $25.eight million final yr. Complete gross margin elevated 700 foundation factors to 31.three per cent in comparison with 24.three per cent final yr.

    Ever-Glory was the primary Chinese language attire Firm listed on the NYSE in July 2008 earlier than  transferring to Nasdaq on December 31 final yr. It provides attire to ladies underneath its personal manufacturers La go go, Velwin and Sea To Sky in China and describes itself as a number one international attire provide chain answer supplier with a concentrate on middle-to-high finish informal put on, outerwear, and sportswear manufacturers.

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  • Singapore retail gross sales slide three.2 per cent

    Singapore retail gross sales slide three.2 per cent

    Singapore retail gross sales in March slumped three.2 per cent after the distortionary impact of motorcar gross sales is faraway from the info.

    Whereas the official figures present a seasonally-adjusted 1.1 per cent enchancment in March 2015 over the earlier month, knowledge from Statistics Singapore exhibits automotive gross sales soared 37 per cent over February and 40 per cent March on March.

    There was an similar three.2 per cent general decline year-on-year for March after automobiles have been eliminated.

    Seasonally adjusted gross sales of meals & beverage providers decreased 5.2 per cent in March 2015 over February and by 1.7 per cent in contrast with March 2014.

    After seasonal adjustment, retail gross sales of automobiles, mini-marts & comfort shops and meals & drinks elevated between 12.9 per cent and 37.1 per cent in March 2015 in comparison with the earlier month (Desk 1). Retail gross sales of petrol service stations and leisure items additionally rose four.9 per cent and 1.1 per cent respectively.

    Then again, retail gross sales of optical items & books, sporting attire & footwear, telecommunications equipment & computer systems, furnishings & family gear, supermarkets, watches & jewelry and medical items & toiletries decreased between 2.four per cent and 10.four per cent in March 2015 in comparison with February 2015.

  • Korea retail gross sales decline continues

    Korea retail gross sales decline continues

    Retail gross sales at South Korea’s division and low cost shops fell once more in March – nevertheless it wasn’t all dangerous information.

    Regardless of a wholesome improve in luxurious spending, as reported final month, and thesurprise revelation that on-line gross sales now exceed bricks and mortar retailer gross sales, revised knowledge from Korea’s Commerce Ministry exhibits shoppers are holding again from shopping for spring clothes as a result of lingering chilly climate.

    Mixed Korea retail gross sales final month at malls run by Hyundai Division Retailer, Lotte Buying and Shinsegae Co declined 5.7 per cent in March year-on-year.

    This was barely revised down from a 5.four per cent fall estimated by the finance ministry early in April and in comparison with a 6.6 per cent rise in February.

    Every month the ministry collects gross sales knowledge from all three teams to function an ongoing development indicator.

    The ministry stated division retailer gross sales are beneath strain from growing competitors from on-line distributors and outlet malls.

    The identical knowledge confirmed annual gross sales at low cost shops fell 6.5 per cent in March from a yr in the past – higher than the 7.four per cent decline estimated earlier.

    Clothes gross sales at division and low cost shops dropped 7.1 per cent and 10.6 per cent respectively, in annual phrases, a mirrored image of the local weather.

    Different authorities figures recommend complete retail spending in Korea was down simply zero.6 per cent month-on-month in March. However these figures embrace motorcar and gasoline gross sales. Personal consumption rose zero.6 per cent over the primary quarter of 2015.

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  • Osim profit plummets

    Osim profit plummets

    Lifestyle company Osim has posted a 53 per cent profit drop for the first quarter on declining sales.

    The retailer of massage chairs and other remedial devices, says sales fell 13 per cent quarter-on-quarter, blaming a lack of new products and a drop-off in mainland Chinese tourists into Hong Kong, a key market for the Singapore-listed company.

    Total first quarter sales were S$150 million, and Osim profit $18 million

    “This has been a challenging quarter where retail sales across the core countries has been
    soft and there have been no new major Osim product launches,” the company said in its earnings statement.

    “Despite these challenges, our dominant brand has enabled us to maintain a stable gross margin and highly cash generative business. We are continuing to invest for growth supported by a strong balance sheet.”

    Osim has 560 retail stores and China remains its largest market, where it has 252 stores in 45 cities.

    “Products including uInfinity Luxe, uDiva, uHip, uSqueez Air, uTrek and uShape Music have sustained our dominant position in the market. We have just launched a new massage chair uMagic in April with favourable response and will be introducing more innovative products this year.”

    Osim also operates 233 GNC/Rich Life stores and 44 TWG Tea stores, with plans for 15 more this coming year.

    “With the upcoming planned new product launches we remain positive about the outlook for
    the remainder of the year.”

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  • Hong Kong’s retail gross sales down 2.9 pct in March

    Hong Kong’s retail gross sales down 2.9 pct in March

    Hong Kong’s worth of complete retail gross sales fell 2.9 % year-on-year to 38.four billion HK dollars ( about four.9 billion U.S. dollars) in March, 2015, the statistics division stated right here on Tuesday.

    The worth of gross sales of jewellery, watches and clocks, and priceless presents misplaced 18.6 % in March from a yr in the past, adopted by gross sales of fuels 16.four %, footwear, allied merchandise and different clothes equipment 11.7 %, Chinese language medicine and herbs eight.four % and optical outlets 5.three %.

    Then again, the worth of gross sales of meals, alcoholic drinks and tobacco rose four.zero %, adopted by gross sales of electrical items and photographic gear 2.eight %, and books, newspapers, stationery and presents 2.three %.

    A authorities spokesman stated the efficiency of retail gross sales remained sluggish in March, with most forms of shops recording year-on-year declines in gross sales, conceivably reflecting the slowdown in inbound tourism.

    The retail gross sales efficiency within the close to time period is more likely to be constrained by the weaker efficiency of inbound tourism, though the secure labor market circumstances ought to nonetheless render help to native shopper sentiment, the spokesman stated.

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  • ZTE faucets Japan to assist promote 60m handsets globally

    ZTE faucets Japan to assist promote 60m handsets globally

    ZTE Corp goals to increase gross sales in markets within the Asia-Pacific, particularly in Japan, to satisfy its international goal of promoting 60 million smartphones in 2015, China’s largest listed telecommunications gear maker stated yesterday.

    The worldwide gross sales determine for this yr marks a 25 % rise from final yr. Within the Asia-Pacific, it plans to promote 10 million models primarily by rising within the Japanese market.

    “Japan will grow to be our subsequent gross sales progress engine after China and the USA,” stated Zeng Xuezhong, chief government of ZTE’s cellular enterprise.

    In Japan, ZTE companions NTT Resonant to promote handsets. ZTE spends US$500 million on annual procurement in Japan from companies like Sony and Sharp.

    The Shenzhen-listed agency launched a mid-end smartphone referred to as Blade in Japan priced from US$200 to US$300. The system options 5-inch show, 13-megapixel digital camera and ZTE-developed gesture management options.

    In 2014, ZTE’s internet revenue surged 94 % yr on yr because of rising demand for 4G community gear and excessive revenue margins from rising gross sales of smartphones abroad.

    The abroad smartphone markets present ZTE with greater revenue margins, in response to analysts.

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