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How Korea’s big 3 department stores are killing it right now

Inside Retail

First quarter results for calendar year 2022 are in for the three biggest Korean department store retailers, and the numbers are encouraging. Shinsegae, Lotte, and Hyundai account for the top nine department stores in the country (coming in at number 10 is Galleria’s high-end flagship in Seoul).

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Behind Documents’ path to luxury fragrance leadership in China

Inside Retail

In just three years, Documents has caught the attention of the world’s luxury industry, firmly establishing itself as the country’s most successful fragrance brand with its distinctive scents and 13 stunning stores in Shanghai.

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A cost-of-living crisis is brewing in Asia. Here’s what it means for retail

Inside Retail

At first, it seemed like Asia might get off lightly – most governments and professional economic forecasters in the region said so – but cost of living pressures are rising across the continent, with food, energy, rent and labour costs now all key drivers of retail price inflation. Transportation prices are up 20.2

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Proudly made in China: How Chinese consumers are reclaiming domestic brands

Inside Retail

Still, many Chinese citizens were unable to afford – or unwilling to pay full retail prices – for foreign-branded items. The problems began with brands trying to impose their marketing tactics onto the Chinese market simply by translating their content without taking into account the importance of localisation.

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