Category: Do It Yourself

Retail Asia18/08/2020
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1min0
Mr DIY Group has revived plans for a US$500 million IPO following the postponement in March due to the coronavirus. The deal, which could be the largest Malaysian IPO in four years, is now pending the enthusiasm of potential investors and could be scheduled for October. It would be singularly responsible for lifting the country’s […]

Retail Asia04/07/2019
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2min0
Bunnings managing director Michael Schnieder has announced he expects the homewares and DIY retailer will have its e-commerce operations online and fully operational nationwide before Christmas 2019. The business has trialled a more limited online offering in select locations, but has previously stated it would roll-out a more robust offering by September 2020. “We believe […]

Retail Asia16/10/2017
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2min0
A newly developed Officeworks in Queensland has been sold on what is understood to be a national record low yield for an Officeworks store. The 1,661sqm Officeworks store at North Lakes in Brisbane’s high-growth northern corridor has pre-sold on a 10-year lease-back for $7.093 million, reflecting a record 4.8 per cent yield. Savills’ Peter Tyson […]

Retail Asia23/08/2017
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3min0
Bulk discount retailer, Costco, will open its third Sydney outlet, and ninth store nationwide, at Marsden Park in Sydney’s northwest next week. The Costco Marsden Park store, which will span 13,575sqm, will include a Costco fuel station, tyre centre, food court, optometrist, hearing aid services and fresh food production. The site is located within the […]

Retail Asia04/12/2016
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5min
EuroShop Düsseldorf, the leading international trade fair for all investment needs in the retail sector, is entering the Indian market-now touted to be one of the fastest growing retail markets in the world with a volume of 500 billion US dollars. Messe Duesseldorf GmbH, the parent that organises the fair which is globally well known […]

Retail Asia30/10/2015
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3min
Siam Makro Plc, the operator of Makro cash-and-carry stores under Charoen Pokphan Group, is keen to expand its retail business in Myanmar in the near future. Chief executive Suchada Ithijarukul yesterday said the company had met the Thai ambassador in Yangon to explore market opportunities in Myanmar. “We have conducted a feasibility study on Makro’s […]

Retail Asia15/06/2015
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2min
British retailer Tesco has kicked off a sale process for its South Korean unit, whose market value is estimated at around $5 billion, according to industry sources on Friday. The U.K. retail giant sent out a teaser letter to prospective buyers on Thursday and hired HSBC as the sale broker for Homeplus. “With this pace, […]

Retail Asia21/04/2015
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1min
Singapore electrical goods and homewares chain Courts is expanding its hardware offer with a concession deal with US brand Ace Hardware. Ace already has standalone stores in Indonesia and the Philippines. Now it will open stores-within-stores in selected Courts stores, starting with an 8000 sqft space in the flagship Megastore in Tampines. It is not […]

Retail Asia13/01/2015
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2min
Global surf brand Billabong and its family of brands is positioning its supply chain to support transformation of its wholesale and retail businesses. Billabong said it will connect suppliers and trading partners in a cloud based network using the GT Nexus platform to facilitate and automate processes for supply chain financing, order collaboration, invoice management, […]

Retail Asia12/01/2015
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1min
What do you do if you manage a company that has just ousted its founder following a string of sexual harassment allegations? The answer is to ban workplace romances – at least according to the fashion chain American Apparel. The retailer has barred managers from relationships with “subordinates”, while any romantic entanglement between staff “where […]

Retail Asia09/01/2015
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1min
Online furniture vendor Urban Ladder will add 1,400 employees to its workforce this year to beef up its rapid expansion plan. The Bengaluru-based company’s current headcount is 600 across seven cities. The company is also planning to expand its presence to 25 more cities, including Coimbatore, Mysore, Kolkata and Vizag, by 2015-end and to add more […]


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