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Author: Retail Asia

Retail Asia27/04/2020
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General

Digital transformation driving demand for Asia’s IT vendors

3min0
The demand for digital transformation is presenting Asia-Pacific IT retailers with a substantial revenue growth opportunity in the medium to long-term, according to new research. The findings, released by GlobalData, analyse the importance of digital adoption amongst enterprises against the backdrop of the continuing coronavirus outbreak. According to the firm, growth in the sector is […]
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Retail Asia27/04/2020
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Fashion

Acne Studios open Hangzhou boutique

1min0
Swedish luxury-fashion house Acne Studios has opened a new store in Hangzhou following its Nanjing launch. The new outlet is setting up a shop in Hangzhou Tower, situated in fast-developing Gongshu as part of a high-end mixed-use complex. With its all-glass facade, the corner store takes its place among other luxury brands poised to do […]
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Retail Asia27/04/2020
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Electronics

Razer to Support Fintech Community

2min0
Razer Fintech, the financial technology arm of Singapore gaming and technology brand Razer, is partnering with the Singapore Fintech Association (SFA) to address business continuity concerns, high business costs, funding and employment issues arising from the Covid-19 pandemic. The partnership will leverage Razer’s $50 million Covid-19 fund to support business partners and help them tide over the negative impact […]
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Retail Asia27/04/2020
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Living

Tan Mujiang opens Japanese flagship

1min0
Chinese wooden-comb retailer Tan Mujiang has opened a new Japan flagship store. Located at Musashino city, the Japanese store houses a wide range of Chinese handcrafted combs made from natural materials with “beautiful shapes, smooth lines, exquisite textures and rich colours”. The Musashino store is the second flagship store in Japan after Tokyo, which opened […]
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Retail Asia27/04/2020
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Living

Ikea Macau opens – with a two-week wait to get inside

3min0
Ikea Macau opened its doors yesterday, the first of the Swedish furniture homeware retailer’s stores in Asia which does not feature the brand’s traditional one-way ‘winding path’ format. The 90,000sqft store, the territory’s first Ikea, opened at Nova Grande residence’s shopping mall in Taipa. It includes an Ikea Cafe, Swedish Food Market and has 600 […]
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Retail Asia27/04/2020
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General

‘Revenge spending’ fuels luxury goods rebound

5min0
So-called ‘revenge spending’ has been credited with a significant upturn in sales of high-priced retail goods in South Korea which has tentatively emerged in recent days from a lockdown during the Covid-19 pandemic. Industry analysts say that the pent-up desire for consumption is leading to an increase in purchases of luxury goods to display wealth. […]
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Retail Asia27/04/2020
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Fashion

Victoria’s Secret deal may be off as L Brands

2min0
Sycamore Partners’ rescue plan for troubled lingerie retailer L Brands is all but off with the two companies headed to court after the private-equity company unilaterally canceled the bid. Sycamore agreed to pay US$525 million for a 55 percent stake in L Brands, the parent of Victoria’s Secret, back in February in a deal most […]
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Retail Asia24/04/2020
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Fashion

Chinese Prestige Time Experience store opens in Hong Kong

1min0
Hong Kong’s first Chinese Prestige Time Experience store has launched in Yue Hwa. Opened by Sun International Concepts, the outlet serves as a platform to showcase multiple Chinese watch brands, aiming to promote Chinese watch culture against the backdrop of the coronavirus outbreak. As the first platform for Chinese watch brands in the territory, consumers […]
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Retail Asia24/04/2020
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General

Online retail the ‘silver lining’ in Singapore retail space

2min0
The Singapore retail real estate market has weakened amidst the coronavirus pandemic, according to a quarterly market report released by Edmund Tie. Transactions fell across all real estate sectors despite significant support measures passed by the government under its Unity Budget, Resilience and Solidarity Packages. In retail, an industry already battling a recession throughout last […]
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Retail Asia24/04/2020
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General

Central Pattana improves Covid-19 communication to reassure shoppers

2min0
Thai shopping center operator Central Pattana is promoting new hygiene and preventive measures to reassure customers their centers are safe during the coronavirus pandemic. Central Pattana’s ‘Central’s Hygiene and Safety’ plan is designed to reassure customers that the highest standards of hygiene and safety are being observed in shopping centers should they need to visit […]
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Retail Asia24/04/2020
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Fashion

H&M tops fashion transparency

4min0
Fashion Revolution has crowned H&M the most transparent fashion business in the world in 2019, scoring 73 percent of a possible 250 points in its annual Fashion Transparency Index. The index ranks the world’s largest fashion brands according to how much they disclose about their social and environmental policies, practices and impacts across a number […]
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Retail Asia24/04/2020
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Finance

UOB Offers Liquidity Boost to SMEs

2min0
Businesses that require urgent access to funding to stay afloat during the Covid-19 outbreak can take up pre-approved loans of up to S$200,000 ($140,000) and only service the interest until December 31. UOB has announced collateral-free loans to help small and medium enterprises, especially those from hard-hit sectors such as retail and food and beverage, gain […]
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Retail Asia24/04/2020
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Food

Burger chain Eggslut set to open in Korea and Singapore

1min0
SPC Group, operator of Shake Shack in South Korea, is bringing Eggslut, the California-based egg sandwich chain, to Seoul. The group has acquired the rights to exclusively operate in South Korea and Singapore. The first Korean Eggslut store will be launched at the Starfield Coex Mall in Seoul in June. Details of a Singapore launch […]
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Retail Asia24/04/2020
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Fashion

Cath Kidston to close UK stores and stronger focus on Asia

2min0
British home-furnishings and apparel retailer Cath Kidston will permanently close all 60 of its stores in the UK, realigning itself as a wholesaler and online brand. The locations, currently shuttered due to the coronavirus lockdown, will not reopen once the crisis is over following its parent company Baring Private Equity Asia securing a pre-pack administration […]
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