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Author: Retail Asia

Retail Asia31/08/2020
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Finance

UBS to Double Software Engineering Speed

2min0
Slowly but surely isn’t good enough principle for the development of software in times of rapid technological progress. UBS, therefore, found a partner that will help it double the speed of development by using a dedicated cloud solution. Switzerland’s No. 1 bank has signed an agreement with Gitlab, an open-source platform, to help it achieve […]
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Retail Asia31/08/2020
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Food

JD teams with brands to launch an organic alliance

1min0
JD’s online supermarket JD Super has formed an organic alliance with brands trading on its platform. More than 10 companies, including domestic and international ones, have joined the alliance, including Milk Deluxe, Bellamy’s, Abbott, Anchor, and Gerber. Under the alliance, JD Super and other members will work together with government bodies, channel merchants, and inspection […]
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Retail Asia31/08/2020
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Fashion

Japan’s 2nd Street to launch in Taiwan

2min0
Japanese pre-owned fashion retailer 2nd Street is launching in Taiwan with its first outlet set to open in Taipei. Located in the Ximen neighborhood, the store offers some 7000 items, including clothing, handbags, shoes, and accessories from Japanese designer brands such as Comme des Garcons and Under Cover as well as luxury brands like Louis […]
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Retail Asia31/08/2020
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General

7-Eleven Malaysia keeps profit levels as before Covid-19 outbreak

1min0
Convenience-store chain 7-Eleven Malaysia has maintained its profitability despite the impact of the coronavirus pandemic. Profit for the first half of the current financial year from the brand’s convenience-store and pharmaceutical businesses hit US$5.8 million and $1.4 million respectively. The group’s consolidated profit after tax for the half-year was $3.35 million. The business remained healthy […]
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Retail Asia31/08/2020
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Food

TWG Tea plans opening 20 online stores this year

2min0
TWG Tea is expanding its digital footprint with more than 20 new online stores scheduled to open this year. TWG Tea’s online stores will be rolled out across Asia Pacific, North America, and Europe on third-party marketplaces, including Amazon, Zalora, and Lazada. The company said more products will be exclusively launched online, including its Autumn […]
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Retail Asia31/08/2020
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General

Cebu Pacific strengthens contact info database

2min0
The Philippines’ leading carrier, Cebu Pacific has enhanced its Manage Booking portal to allow passengers to easily update their contact information after booking has been finalized.  This is available for both passengers who booked online or through a travel agency. “Now more than ever, we have seen how important it is for airlines to have […]
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Retail Asia28/08/2020
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Finance

DBS Issues First SORA-Based Loan for Agribusiness Industry

2min0
This is the industry’s first SORA loan coupled with an interest rate swap, which provides certainty of interest rates. DBS has issued a $200 million ($146.4 million) loan to agribusiness group Wilmar International –  the agribusiness industry’s first corporate loan agreement pegged to the Singapore Overnight Rate Average (SORA), the bank announced on Thursday. The loan […]
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Retail Asia28/08/2020
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Food

R&B Tea expanding in the Philippines 

2min0
Singapore-based Koufu Group is taking R&B Tea to the Philippines with Shakey’s Pizza. Under the franchise agreement, Shakey’s will sell selected R&B Tea drinks in Shakey’s and Peri Peri stores in the first year of business, and subsequently open at least five stand-alone R&B Tea outlets in the Philippines. “This marks our second milestone this […]
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Retail Asia28/08/2020
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Research

Most Asia-Pacific consumers unhappy with delivery experiences

3min0
Only 22 percent of Apac consumers report having product delivery experiences that meet their expectations every time, according to a new study by BluJay Solutions. The research finds that with contactless delivery options becoming more prevalent against the backdrop of the coronavirus pandemic, consumers’ expectations for transparent, reliable, and accurate delivery information is greatly enhanced. […]
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Retail Asia28/08/2020
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Living

Ikea Korea sales growth

1min0
Ikea’s business in South Korea has reported 32.6-per-cent sales growth over the past fiscal year despite the impact of the coronavirus outbreak. The success of the retail business over the period has been attributed to a surge in interest in home furnishings as people remain at home to avoid the pandemic, according to Ikea Korea […]
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Retail Asia28/08/2020
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Fashion

6ixty8ight expands online into two more SEA countries

1min0
Lingerie chain 6ixty8ight is expanding its e-commerce network into Thailand and the Philippines, less than two months after it launched in Japan. “With an increasing proportion of customers who prefer to shop online, 6ixty8ight puts e-commerce business as the top business priority,” the company said in a statement. The Hong Kong-headquartered brand said it uses online […]
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Retail Asia28/08/2020
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E-Tailing

JD teams with brands to launch an organic alliance

1min0
JD’s online supermarket JD Super has formed an organic alliance with brands trading on its platform. More than 10 companies, including domestic and international ones, have joined the alliance, including Milk Deluxe, Bellamy’s, Abbott, Anchor, and Gerber. Under the alliance, JD Super and other members will work together with government bodies, channel merchants, and inspection […]
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Retail Asia28/08/2020
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Electronics

Apple to opens online sales in India

1min0
Tech giant Apple will launch an e-commerce store in India next month, according to a report by Bloomberg News. The firm will be timing its launch to begin trading in time for India’s busiest spending season, the Diwali festival. It follows CEO Tim Cook’s statement several months ago that Apple will start retailing within the […]
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Retail Asia28/08/2020
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Finance

Razer Fintech Eyes New Markets

3min0
The firm is said to be exploring opportunities in Southeast Asia and other emerging markets, such as India and Latin America, to grow its fintech business. The financial technology arm of Singapore gaming and technology brand Razer said that while awaiting results of its bid for a digital banking license in Singapore, it is currently […]
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Retail Asia27/08/2020
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Finance

Citi Names APAC Trade Head

2min0
Citi’s treasury and trade solutions unit promotes its former head of trade finance for Asia Pacific to lead the region’s trade unit. Citi Treasury and Trade Solutions (TTS) appoints Kanika Thakur as its Asia Pacific trade head, effective immediately, according to a statement. Thakur succeeds Vishal Kapoor was named head of TTS for Citi Hong Kong in May this […]
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