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Author: Retail Asia

Retail Asia04/09/2020
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Fashion

Pomelo speeds up Southeast Asian retail expansion

2min0
Pomelo is speeding up its retail expansion plans across Southeast Asia as part of a multi-market retail strategy. The company said it will enter Indonesia and Malaysia next. Indonesia’s first store will open at Central Park mall this November, while Malaysia’s first store is expected to launch in the first quarter of next year. “Creating […]
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Retail Asia04/09/2020
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General

Isetan ends Bangkok era

2min0
Japanese department store Isetan has closed its Bangkok outlet after 28 years of operation in Thailand. The complex launched in CentralWorld shopping center during the early days of Southeast Asia’s economic growth when many consumers in the region were having their first taste of wealth. The store was also a favorite haunt of Japanese residents […]
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Retail Asia04/09/2020
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Living

Rimowa opens Hong Kong flagship

2min0
Premium luggage brand Rimowa has opened its first flagship store in Hong Kong, located at Lee Gardens. Occupying 192sqm, the store offers a selection of premium luggage, including the Original, Classic, Essential, and Hybrid collections The store’s facade features floor-to-ceiling glass windows and strong vertical lines incorporating lighting that “pays homage to the brand’s renowned […]
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Retail Asia03/09/2020
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General

Covid-19 precautions drag Hong Kong retail sales in July

3min0
The tightening of social-distancing regulations helped fuel a 23.1-per-cent decline in Hong Kong retail sales in July. Nevertheless, the decline was sharper than expected given July last year was the first full month when retail was affected by the outbreak of social unrest sparked by the proposed anti-extradition law, creating a lower base for this […]
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Retail Asia03/09/2020
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Finance

DBS to Form Securities Joint Venture in China

2min0
The firm joins a string of international banks that have registered with Chinese authorities to set up onshore brokerages after the financial market supervisor loosened the rules on foreign access to financial markets. DBS Bank has received approval to establish a securities brokerage joint venture in China, which will provide brokerage, securities investment consulting, securities underwriting and […]
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Retail Asia03/09/2020
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E-Tailing

Alibaba.com initiative helps Vietnamese SMEs venture abroad

8min0
Alibaba.com, the global B2B e-commerce platform of Alibaba Group, launched a landmark initiative Monday to help companies in Vietnam go online and reach an enormous pool of qualified global buyers. As an international extension of the 2020 Spring Thunder program initiated by Alibaba Group, Alibaba.com’s ‘Project Sprout Up’ is a timely and tailored digital solution […]
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Retail Asia02/09/2020
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Food

Beer companies enjoy recovery

3min0
Better second-quarter figures could indicate that the most challenging period for beer makers this year could have ended, a report says. Vietnam’s biggest brewer Sabeco saw a year-on-year revenue fall of 21 percent in the second quarter, smaller than the 47 percent recorded in the first quarter, according to a recent report from top brokerage […]
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Retail Asia02/09/2020
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General

July retail sales in Japan slide

1min0
Japanese government data shows a significant drop in retail sales for July this year. Retail sales in Japan declined by 2.8 percent for the calendar month compared with the same period last year, reaching US$117.4 million. The decrease was higher than the median market forecast of a 1.7-per-cent drop, and compounds last month’s fall of […]
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Retail Asia02/09/2020
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Finance

SGX to Grow Connectivity With China’s Capital Markets

2min0
The bourse has signed a memorandum of understanding with a Chinese wealth manager and asset manager GF Securities to expand its reach and services in Singapore and the region. As part of the MOU, which was announced at the 11th Singapore-Guangdong Collaboration Council meeting, GF Securities will grow its distribution of SGX’s derivatives products, such […]
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Retail Asia02/09/2020
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General

Thailand’s CP All to launch 7-Eleven in Laos

2min0
Thailand’s CP Group is taking the 7-Eleven convenience-store chain into Laos after winning franchise rights for the country. The first 7-Eleven store in Laos will be opened in the capital city, Vientiane in 2022. “With its remarkable success in Thailand, I can think of no one better than CP All to bring the 7-Eleven brand […]
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Retail Asia01/09/2020
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Finance

KBank Completes First Transaction Reference to New Thai Overnight Repurchase Rate

5min0
Murex, the global leader in trading, risk and processing solutions for capital markets, powered an overnight indexed swap derivatives transaction for KBank based on THOR, the new Thai reference rate. KBank successfully completed the first such transaction referencing THOR on August 31.  The interest rate swap transaction based on THOR represents a critical inaugural step—it […]
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Retail Asia01/09/2020
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Food

Investors fail in plans to increase Vinamilk stake

2min0
Vietnam’s sovereign fund and two Singaporean investors failed to acquire stakes in dairy giant Vinamilk this month as they had planned. A subsidiary of the State Capital Investment Corporation (SCIC) was unable to buy 225,000 VNM shares, or a 0.01 percent stake, due to “market volatility”, according to a Vinamilk statement on Friday. SCIC is […]
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Retail Asia01/09/2020
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Electronics

Japan Display to sell LCD factory to Sharp and use the cash to pay back Apple

4min0
Back in 2014-2015, Japan Display (JDI) was considered to be Apple’s major smartphone display supplier. At that time, the iPhone 6 and the iPhone 6 Plus were bringing larger-sized LCD screens to iPhone users. The original 3.5-inch display found on the first iPhone models rose to 4-inches with the iPhone 5 and to 4.7-inches on the iPhone 6. The iPhone 6 Plus carries a […]
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