Retail News Asia https://www.retailnews.asia Retail News from Asia Thu, 18 Jan 2018 07:08:20 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.2 Samsung Galaxy A8 Series Launched in Malaysia, Retails From RM1799 https://www.retailnews.asia/samsung-galaxy-a8-2018-series-launched-malaysia-retails-rm1799/ Thu, 18 Jan 2018 04:11:15 +0000 https://www.retailnews.asia/?p=147182 read the original version on: www.retailnews.asia

Samsung has officially announced the arrival of the new Galaxy A8 (2018) in Malaysia. The Galaxy A8 (2018) and Galaxy A8+ (2018) are the company’s new mid-range offerings, featuring IP68-rated bodies and a new dual front camera setup, and will retail from RM1799. While they may be positioned as mid-range devices, Samsung has actually trickled […]

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Samsung has officially announced the arrival of the new Galaxy A8 (2018) in Malaysia. The Galaxy A8 (2018) and Galaxy A8+ (2018) are the company’s new mid-range offerings, featuring IP68-rated bodies and a new dual front camera setup, and will retail from RM1799.

While they may be positioned as mid-range devices, Samsung has actually trickled down quite a number of flagship features to the new Galaxy A8 (2018) devices. In fact, the two phones even feature a dual-camera setup at the front, allowing for Live Focus for selfies – something the flagship Galaxy S8 and Note 8 devices do not offer.

The Galaxy A8 also feature the Infinity Display with slim bezels: the A8 sports a 5.6-inch 18.5:9 Super AMOLED display, while the A8+ features a larger 6-inch panel; both phones boast Full HD+ 2220 x 1080 resolutions.

The dual front camera, on the other hand, are made up of 16MP + 8MP sensors. The front cameras feature Live Focus, which simulates a shallow depth of field in your selfie shots. The rear camera, on the other hand, is a 16MP f/1.7 shooter with phase detection autofocus.

Rounding out the specifications of the Galaxy A8 and A8+ are an unspecified Exynos octa-core processor paired with 4GB (A8) or 6GB (A8+) of RAM, 32GB (A8) or 64GB (A8+) of expandable storage, IP68 water and dust resistance, a 3,000mAh battery (3,500mAh on the Galaxy A8+), and Android 7.1.1 Nougat out of the box.

The two phones run Android 7.1.1 out of the box, and feature a fingerprint scanner USB Type C fast charging, Bixby, and the Dual Messenger feature.

The Samsung Galaxy A8 (2018) and Galaxy A8+ (2018) will be available in three colours (Black, Gold, and Orchid Grey) and will retail for RM1799 and RM2499 respectively. They will go on sale nationwide from 19 January onwards, and there will also be an early bird promo from 19-21 January, where those who buy the Galaxy A8 phones will receive a free 64GB Samsung Evo Plus microSD card and a 10000mAh power bank with Type C connector.

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RM1b contraband cigarettes seized by Customs in 2017 https://www.retailnews.asia/rm1b-contraband-cigarettes-seized-customs-2017/ Thu, 18 Jan 2018 04:00:30 +0000 https://www.retailnews.asia/?p=147180 read the original version on: www.retailnews.asia

The Royal Customs Department seized contraband cigarettes with RM1 billion worth of taxes last year as the authority intensified actions to curb the rise of illicit tobacco products and the government incurs billions in revenue lost. The high price of cigarettes makes Malaysia a haven for contraband smugglers and retailers who reap huge profits as locals […]

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The Royal Customs Department seized contraband cigarettes with RM1 billion worth of taxes last year as the authority intensified actions to curb the rise of illicit tobacco products and the government incurs billions in revenue lost.

The high price of cigarettes makes Malaysia a haven for contraband smugglers and retailers who reap huge profits as locals seek cheaper alternatives. Malaysia’s long coastline makes monitoring of the entry of illicit cigarettes more difficult.

Customs DG Datuk Seri Subromaniam Tholasy said the non-duty cigarettes were seized while they were being transported and retail shops. “For the whole of last year, we seized cigarettes with close to RM1 billion in duties and taxes,” he said.

Subromaniam also said recently Selangor’s Customs confiscated contraband liquor and cigarettes valued almost RM500,000 with RM2.25 million of unpaid taxes.

Confederation of Malaysian Tobacco Manufacturers had reported the sector would not be able to withstand a price rise for cigarettes due to the widespread sales of illegal tobacco products.

Malaysia’s legal cigarette market has dwarfed to less than 50% over the last 13 years as illegal cigarette consumption rose to about 57.1%, or 10 billion, out of 18 billion sticks in 2016.

Contraband cigarettes are sold between RM4 and RM5 per pack, almost 400% cheaper compared to RM17 for the famous brands. Cigarette taxes

had increased 110% over the last five years.

It is estimated the government lost billions in tax revenue due to the mushrooming of contraband cigarettes. Excise tax for each stick could be between 28 sen and 40 sen per stick, and with an estimated 10 billion sticks of unpaid taxes, the government is losing a fortune.

Subromaniam said the Customs is taking a different approach to overcome the sale and distribution of contraband cigarettes.

“Previously, we go from shop to shop and check, and conduct raids. But, these methods are time consuming and expensive.

“Now what we are focusing on is stopping the supply of the products to the sellers. Basically, we want to cut the distribution at the roots,” he said, adding that the department was also taking actions against the sale of cigarettes boxes that carried fake “tax paid” stickers.

Subromaniam said the department had suspended the services of 30 foreign agents who had been bringing liquor and cigarettes.

“We found out that they made a false declaration and we have halted their services with immediate effect.

“Show-cause letters will be sent to all 30 foreign agents by next week. So, if they don’t respond accordingly, we will take the necessary action,” he said.

The Finance Ministry in the third quarter of 2017 (3Q17) said indirect tax collection dropped 7.3% to RM14.6 billion, from RM15.7 billion in 3Q16 due to lower excise duties collection, particularly from the locally manufactured cigarettes.

Cigarette companies like British American Tobacco (M) Bhd had ceased its local manufacturing operation, citing high excise environment and the sharp rise of illegal cigarettes.

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Pharmacity to open 500 more stores in Vietnam https://www.retailnews.asia/pharmacity-open-500-stores-vietnam/ https://www.retailnews.asia/pharmacity-open-500-stores-vietnam/#respond Thu, 18 Jan 2018 03:50:38 +0000 http://www.retailnews.asia/?p=147290 read the original version on: www.retailnews.asia

Vietnam’s retail drugstore chain Pharmacity plans to open 500 stores by 2023. It has opened six more stores in Ho Chi Minh City this month, expanding its network to 71 to become the largest pharmacy chain in Vietnam. Over the next two years, Pharmacity plans to boost its store numbers to 200. It also has […]

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Vietnam’s retail drugstore chain Pharmacity plans to open 500 stores by 2023.

It has opened six more stores in Ho Chi Minh City this month, expanding its network to 71 to become the largest pharmacy chain in Vietnam.

Over the next two years, Pharmacity plans to boost its store numbers to 200. It also has an online store.

Modern retail drugstores have become popular in Vietnam, according to a new report from VN Research. It says Phano Pharmacy is the second-largest chain with 60 stores, Medicare has 59 while Dairy Farm-owned Guardian has 49.

Mobile device retail giant Mobile World (The Gioi Di Dong) last month acquired a 40 per cent stake in the Phuc An Khang pharmacy chain, changing the name to An Khang. Mobile World plans to raise its ownership to 60 per cent and open up to 500 stores nationwide.

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Rise of local Malaysian cosmetic brands https://www.retailnews.asia/rise-local-malaysian-cosmetic-brands/ Thu, 18 Jan 2018 03:50:00 +0000 https://www.retailnews.asia/?p=147178 read the original version on: www.retailnews.asia

Malaysian make-up brands and skincare products are now coming to the fore. Cushion foundation by So.Lek. Picture credit: Instagram So.Lek When it comes to make-up, local beauty enthusiasts tend to look for products offered by global brands such as L’Oreal, Estee Lauder, NARS, Maybelline, Urban Decay and Bobbi Brown. Meanwhile, the younger crowd, heavily influenced […]

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Malaysian make-up brands and skincare products are now coming to the fore.

Cushion foundation by So.Lek. Picture credit: Instagram So.Lek

When it comes to make-up, local beauty enthusiasts tend to look for products offered by global brands such as L’Oreal, Estee Lauder, NARS, Maybelline, Urban Decay and Bobbi Brown.

Meanwhile, the younger crowd, heavily influenced by Korean music and drama series, will go for branded Korean make-up and skincare used by their favourite celebrities.

However, there is a new breed of beauty consumers. Rather than looking up to cosmetics giants from the United States, the European Union, Australia, Japan and Korea, they prefer to buy make-up products from independent local entrepreneurs.

CULT STATUS

Homegrown cosmetic brands started becoming popular when Instagram, Facebook and Twitter started became a norm in our society.

They are mainly founded by fashion entrepreneurs, professional make-up artists and celebrities as well as social media influencers.

According to a 2016 research on personal care and cosmetics products in Malaysia done by the United States International Trade Administration, while some big local manufacturers produce and own their house brands, a growing number of local players turn to local cosmetic manufacturers and focus on contract or private labelling.

These homegrown brands work on a non-traditional and more personalised marketing strategy i.e. the brand founder is also the spokesperson or “The Face” on billboard advertisements, etc. They sell their products mainly via their own online portal or other established retail platforms such as FashionValet, mySMINK, Zalora and Pretty Suci.

Although operating on a small-scale, some have managed to penetrate international markets or have their brands placed in established retail stores, pharmacies or global departmental stores.

Breena Beauty was among the earliest independent brands in the scene. Founded by well-known blogger Sabrina Tajuddin in 2014, the brand took off with a stellar make-up tool called face luxe brush.

Can Can’s Beauty was created in 2015 and is known for lipsticks that are suitable for dark-skinned women. Fame Cosmetics and Stage Cosmetics (founded in 2008) are cult favourites, particularly among professional make-up artists.

Year 2016 saw the establishment of a string of new local brands such as Velvet Vanity (known for liquid lipsticks), DIDA For Women (known for matte lip creams inspired by luxurious designer lipsticks), Zhuco Cosmetics (Sabah-based brand known for rainbow-coloured highlighter), Chique Cosmetics (synonymous with fun-looking product packaging) and the Malay influenced So.Lek with its Gincu (lipstick) line and cushion foundation.

Singer and television host Hunnymadu launched Madu Cosmetics that same year, offering The Artist Collection matte lipsticks named after her favourite songs.

In December last year, celebrity make-up artist Syed Faizal Syed Noh launched Pipi by Syedskillereyes, a new addition to its Syedskillereyes make-up range that was first introduced in 2016. Pipi (cheek) is a chic cheek palette combining contour, blush and highlighter and is currently retailing on FashionValet.

The latest label to jump on the brandwagon is OhMostWanted Cosmeceuticals by actress Nora Danish. Launched early this year, it combines both cosmetics and pharmaceutical properties formulated by local aesthetics doctors.

HALAL FACTOR

Halal and wuduk (ablution)-friendly elements are significant marketing factors in some local cosmetics brands such as SimplySiti (founded by singer Datuk Seri Siti Nurhaliza Tarudin), Ronasutra, Zawara, Nurayysa Beauty and Sugarbelle Cosmetics.

Shah Alam-based Sugarbelle Cosmetics is among the cult brands on Instagram. It was founded by social media moguls and Muslimah fashion entrepreneurs Sharifah Nabilla Al-Yahya Syed Sheh a.k.a. Belle Al-Yahya (founder of Bella Ammara) and Eyqa Sulaiman of Sugarscarf.

Starting with its first product, a creamy liquid lipstick, the brand has grown by leaps and bounds, with halal certification being among its strengths (apart from the 24-7 online marketing efforts and Belle’s endless make-up tips and tutorials).

“I love make-up. I was inspired to start the business as I couldn’t find many cosmetic products that conformed to halal standards back then. I’m sure I’m not the only one facing the dilemma,” says Belle, 30.

She says she and her team made sure that all Sugarbelle Cosmetics complied with the standards set by the Health Ministry and the Department of Islamic Development Malaysia (Jakim) from day one. This is why the brand went through a careful selection process of cosmetic manufacturers in Malaysia to cater to its mostly muslim consumers here and abroad.

“I guess it has helped us stay alive in this competitive field. It has also beefed up our profile, and eventually led us to being among the few local brands to retail at Guardian outlets starting last year,” she says.

The brand will launch new products to complete its cosmetic range soon and is ready to enter more Guardian outlets this year.

CHALLENGES

FashionValet is among the established online fashion retail platforms that curate brands by local entrepreneurs. There are more than 20 beauty and cosmetic brands, including local labels, currently retailing on the platform, with colour cosmetics being the fast-selling item.

Founder Vivy Yusof says one of the challenges in curating and dealing with homegrown brands is the fact that they are small players.

“In my seven years in business, I have seen lots of brands come and go. Most are very new to the market and are run by one or two persons. They have the passion and what it takes to tackle the market but they need support in marketing, financing and branding,” she says.

As part of its ongoing streamlining effort this year, the platform is focusing on keeping only a few brands onboard. “We want to maintain a certain standard and quality. We also want to continue offering products from mid to premium brands.

“We will focus our efforts to help local players who are ambitious, willing to learn and ready to grow with us,” she says.

Fast Facts

* Malaysia’s total trade volume for personal care and cosmetics products was about US$2.24 billion (RM8.9 billion) in 2015.

* Over 50 per cent of the demand was met by US$1.3 billion in imports mainly from China, Thailand, France, the European Union, the United States, South Korea and Japan.

* The 2015 Global Economic Summit reported that Malaysia is among the countries with highest Muslim consumers’ expenditure with US$2.6 billion, indicating a huge potential for halal products including cosmetics.

* There are 210 cosmetic manufacturers in Malaysia that conform to the Good Manufacturing Practices requirement in accordance to the Asean Guidelines for Cosmetics.

 

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Luk Fook Holdings retail Business 3Q Same Store Sales Up 1% On Year https://www.retailnews.asia/luk-fook-holdings-retail-business-3q-store-sales-1-year/ Thu, 18 Jan 2018 03:40:30 +0000 https://www.retailnews.asia/?p=147170 read the original version on: www.retailnews.asia

Luk Fook Holdings (International), a Hong Kong-listed jewelry retailer, said Wednesday its retail business same store sales for October to December was up 1% on year. In the third quarter, same store sales growth of gold products were down 3% and gem-set jewelry products were up 10%, it said in an exchange filing. “The gem-set […]

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Luk Fook Holdings (International), a Hong Kong-listed jewelry retailer, said Wednesday its retail business same store sales for October to December was up 1% on year.

In the third quarter, same store sales growth of gold products were down 3% and gem-set jewelry products were up 10%, it said in an exchange filing.

“The gem-set jewellery products in Hong Kong and Macau market continued to benefit from the market improvement as well as the successful introduction of more varieties of stylish and good-value-for-money products,” it added.

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Bitcoin slides below US$10,000 amid clampdown fears https://www.retailnews.asia/bitcoin-slides-us10000-amid-clampdown-fears/ https://www.retailnews.asia/bitcoin-slides-us10000-amid-clampdown-fears/#respond Thu, 18 Jan 2018 03:40:14 +0000 http://www.retailnews.asia/?p=147282 read the original version on: www.retailnews.asia

Bitcoin skidded below US$10,000 (RM39,500) yesterday, halving in value from its peak price, with investors gripped by fears regulators could clamp down on the volatile cryptocurrency that sky-rocketed last year. The price of bitcoin, the world’s biggest and best known cryptocurrency, fell to as low as US$9,500 on the Luxembourg-based Bitstamp exchange, the lowest since […]

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Bitcoin skidded below US$10,000 (RM39,500) yesterday, halving in value from its peak price, with investors gripped by fears regulators could clamp down on the volatile cryptocurrency that sky-rocketed last year.

The price of bitcoin, the world’s biggest and best known cryptocurrency, fell to as low as US$9,500 on the Luxembourg-based Bitstamp exchange, the lowest since Dec 1.

Bitcoin touched a peak of almost US$20,000 in December – and indeed crossed over that threshold on some exchanges – but has since been roiled by several large sell-offs.

Other cryptocurrencies plunged as well. Ethereum and ripple were both down heavily after reports South Korea and China could ban cryptocurrency trading, sparking worries of a wider regulatory crackdown.

“There is a lot of panic in the market. People are selling to try and get the hell out of there,” said Charles Hayter, founder of Cryptocompare, which owns cryptocurrencies.

“You have more regulatory uncertainty … and because of these falls you have these other outfalls,” he said, referring to the collapse of some cryptocurrencies in the recent slump in prices.

With South Korea, Japan and China all making noises about a regulatory swoop, and officials in France and the United States vowing to investigate cryptocurrencies, there are concerns that global coordination on how to regulate them will accelerate.

Officials are expected to debate the rise of bitcoin at the upcoming Group of 20 (G20) summit in Argentina in March.

“Cryptocurrencies could be capped in the current quarter ahead of the G20 meeting in March, where policymakers could discuss tighter regulations,” said Shuhei Fujise, chief analyst at Alt Design.

Analysts at Citi said today bitcoin could halve again in value amid the current rout, adding that a possible fall to between the US$5,605 and US$5,673 area “looks very likely to be very speedy”.

“Bitcoin is deciding whether this is the moment to crash and burn,” said Steven Englander, head of strategy at New York-based Rafiki Capital.

“My conjecture is that cryptocurrency holders are trying to decide whether to abandon bitcoin because its limitations mean it will be superseded by better products or bet that it can thrive despite them.”

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Burberry third quarter sales slip 2 percent as it starts up-market move https://www.retailnews.asia/burberry-third-quarter-sales-slip-2-percent-starts-market-move/ Thu, 18 Jan 2018 03:30:45 +0000 https://www.retailnews.asia/?p=147160 read the original version on: www.retailnews.asia

UK luxury brand Burberry today reported a 2% drop in retail revenue for the Christmas quarter after sales in Europe slipped against a year ago when a fall in the pound had helped its home market. Chief executive Marco Gobbetti set out a plan in November to take the label further up-market. But the company […]

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UK luxury brand Burberry today reported a 2% drop in retail revenue for the Christmas quarter after sales in Europe slipped against a year ago when a fall in the pound had helped its home market.

Chief executive Marco Gobbetti set out a plan in November to take the label further up-market.

But the company said there would be little, if any, growth in revenue and operating profit until its 2021 financial year as the programme was implemented.

Burberry said its retail revenue was £719m in the three months to December 31, its fiscal third quarter, down from £735m the same time in 2016.

The firm, known for its camel, red and black check, said retail revenue was up 1% on an underlying basis, while comparable store sales rose 2% – below analysts’ expectations.

Comparable store sales grew by a mid-single figure percentage in Asia Pacific and mainland China, and by a low single digit in the Americas.

However, they fell by a low single figure in its Europe division, hurt by a larger fall in the UK which performed very strongly in the same period in 2016.

Burberry did, however, maintain its operating profit guidance for the full 2017-18 year and said it was on track to make cumulative cost savings of £60m in the year.

“We are making good progress embedding our strategic vision into the organisation,” said Gobbetti.

Burberry announced in November that Christopher Bailey, the designer who turned the firm into a global label, would leave this year.

Today’s statement did not give any update on the search for Bailey’s successor.

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Hybrid Smartwatches to Make Up Over 50% of Smartwatch Shipments by 2022 https://www.retailnews.asia/juniper-research-hybrid-smartwatches-make-50-smartwatch-shipments-2022/ https://www.retailnews.asia/juniper-research-hybrid-smartwatches-make-50-smartwatch-shipments-2022/#respond Thu, 18 Jan 2018 03:30:28 +0000 http://www.retailnews.asia/?p=147283 read the original version on: www.retailnews.asia

Watches that appear to be analogue models but integrate smartwatch features will make up more than half of the smartwatch market by 2022, according to Juniper Research. This means that nearly 80 million hybrid smartwatches, such as Fossil Q and Nokia Steel, will be shipped by 2022, up 460 per cent from an estimated 14 […]

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Watches that appear to be analogue models but integrate smartwatch features will make up more than half of the smartwatch market by 2022, according to Juniper Research.

This means that nearly 80 million hybrid smartwatches, such as Fossil Q and Nokia Steel, will be shipped by 2022, up 460 per cent from an estimated 14 million last year. However, for digital-display smartwatches like Apple Watch and Fitbit Ionic, Juniper lowers the rate of growth to 160 per cent.

This slower growth has caused several manufacturers, including Huawei, Motorola and Sony, to leave the space, says Juniper’s new report, Smartwatches: Trends, Vendor Strategies & Forecasts 2018-2022. Those staying in play are pivoting toward specific uses, mainly fitness, which Apple, Casio, Samsung and others have emphasised in recent releases.

“The smartwatch market is refining itself into a series of specific-use cases”, says research author James Moar. “This is having an impact on every aspect of smartwatches, from their design for increasingly specialised uses to their sale through specific retailers. While most vendors cannot necessarily hope to reach a broad coverage, the industry as a whole is here to stay.”

Despite the renewed interest in hybrids, Juniper expects individual players to produce few smartwatches. Hybrid watch manufacturers generally ship fewer than 2 million units annually.

An exception is Fossil, which has released many display and hybrid smartwatches. It is forecast to ship more than 6 million smartwatches annually by 2020.

Meanwhile, the report has found that different connectivity technologies are becoming more prevalent for smartwatches, with GPS expected to be an element for nearly half of all smartwatches by 2022. In comparison, growth will be limited for near-field communication NFC technology as this is currently locked into specific ecosystems. Juniper does not foresee any change to this in the foreseeable future.

Juniper Research provides research and analytical services for the global hi-tech communications sector, and has also just issued a complimentary white paper for vendors, Why Most Smartwatches ‘Fail’.

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Vietnam Airlines concerned about US direct flights https://www.retailnews.asia/vietnam-airlines-concerned-us-direct-flights/ https://www.retailnews.asia/vietnam-airlines-concerned-us-direct-flights/#respond Thu, 18 Jan 2018 03:20:40 +0000 http://www.retailnews.asia/?p=147284 read the original version on: www.retailnews.asia

General Director of Vietnam Airlines Duong Tri Thanh said that it would take a long time to break even or make profit through direct flights to the US. He spoke about the opening the Vietnam-US direct air route which was approved by Prime Minister Nguyen Xuan Phuc. According to Thanh, it would not be easy […]

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General Director of Vietnam Airlines Duong Tri Thanh said that it would take a long time to break even or make profit through direct flights to the US.

He spoke about the opening the Vietnam-US direct air route which was approved by Prime Minister Nguyen Xuan Phuc.

According to Thanh, it would not be easy to complete legal procedures for the air route. It was already quite difficult just to export dragon fruit and litchi into the US, so it would be much harder to open the flights to the country due to the strict security requirements.

Federal Aviation Administration (FAA) worked with Vietnam Airlines for many times and said that the carrier has met requirements to open flights to the US. So, Thanh hoped FAA would approve the CAT1 aviation safety rating for Vietnam Airlines this year.

However, Thanh added that, it would be impossible to launch Vietnam-US direct flights this year as many procedures need to be completed. He expected that the air route would be opened by late 2019 or early 2020.

He also expressed the concerns about the loss possibility, noting that it would take five years to break even for the air route. “The national carrier flag would suffer from loss of USD30 million a year for the first five years of operation, so we need to figure out how to reduce the losses to below USD30 million annually.”

This air route is very competitive with low-priced tickets but high costs, he explained. Thanh mentioned co-operation with other airlines to operate the route.

Vietnam’s current Boeing 787 Dreamliner and Airbus A350-900 XWB can’t be used for direct flights to the US, and still require stops. In the coming time, it is expected that more modern airplanes will be produced to meet this demand.

Regarding flight frequency, Thanh said that at least 3-4 flights a week on the route will be conducted and then will be raised.

At present, dozens of airlines such as Singapore Airlines, Japan Airlines, Cathay Pacific, China Airlines, ANA and Eva are providing flights to the US, so tickets on this route are very competitive.

The target passengers for the air route are American Vietnamese, Vietnamese people who work and study in the US, American tourists and business people.

Thanh said that the American Vietnamese community know about Vietnam Airlines and the carrier is trying to develop brand recognition among other Americans.

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Fonterra launches new milk product with Hema Fresh https://www.retailnews.asia/fonterra-launches-new-milk-product-hema-fresh/ Thu, 18 Jan 2018 03:20:00 +0000 https://www.retailnews.asia/?p=147133 read the original version on: www.retailnews.asia

Hema Fresh is Alibaba’s new retail concept, which combines traditional shopping with a digital experience. The new ‘Daily Fresh’ milk range is now available in Hema’s 14 stores in Shanghai and Suzhou in 750ml bottles, sourced from Fonterra’s farm hub in Hebei province. The product has product labels to match each day of the week, […]

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Hema Fresh is Alibaba’s new retail concept, which combines traditional shopping with a digital experience.

The new ‘Daily Fresh’ milk range is now available in Hema’s 14 stores in Shanghai and Suzhou in 750ml bottles, sourced from Fonterra’s farm hub in Hebei province.

The product has product labels to match each day of the week, which it says highlights and emphasizes freshness, with stock being replenished every night.

Initial volumes are currently around three metric tonnes daily, with plans to scale-up over time and expand with the retailer as it grows its footprint of stores across China.

Increased income

President of Fonterra Greater China Christina Zhu said shoppers in China are becoming increasingly sophisticated in terms of their tastes and preferences, which are being driven by rising household incomes.

“More than ever before, consumers are consciously seeking products that are fresh, nutritious and safe, and our new product for Hema caters to this,”​ Zhu said.

According to figures from global management consulting company McKinsey, it is expected that more than 75% of China’s urban consumers will earn RMB 60,000 to 229,000 annually ($9,450 to $35,620) by 2022.

This is up from just 4% in 2000, prompting a shift in consumer behavior and purchasing power.

The Hema model

Linked to this trend is the rise of Hema, which emerged in early 2016.

The shopping experience at Hema is driven by a downloadable app, through which customers can scan barcodes to get information on the product.  Food can also be picked, cooked by staff, and eaten in store.

The stores are also ‘fulfilment centers’ where customers can order online through the app, workers collect the items and they are delivered within 30 minutes within a 3km radius.

Hema is also linked to payment options, and is a membership club: the app personalizes shopping for the consumer based on previous purchases.

Other products

In addition to the new fresh milk range, Anchor UHT milk products and the Anchor Dairy Foods range of butter, cream and cheese items are sold through Hema.

The retailer is also a foodservice customer, using Fonterra’s Anchor Food Professionals products in its in-store bakery.

Hema Fresh CEO and founder Hou Yi said the co-operation between the two companies is set to redefine the concept of fresh milk in the new retail era.

Zhu says the new product highlights how Fonterra’s business in China is leveraging its local milk pool, spread across three farming hubs.

“No other multinational dairy company in China has a local milk pool to draw from, so we are in an advantageous position,”​ said Zhu.

“This milestone with Hema is a sign of things to come and indicates that our push to shift more of our local milk into higher-yielding consumer and foodservice products is well-and-truly under way.”​

Reducing waste

While replenishing stock on a daily basis has the potential to lead to waste as it is replaced daily, a Fonterra spokesperson told DairyReporter the volumes are initially quite small, and the whole model of Hema is that everything is fresh, so the company would rather run out than have stock left over.

The spokesperson said, however, that sales have been going well, with the vast majority of bottles selling out each day.

“For any that are left over, that’s where the uniqueness of the Hema model comes into play to keep waste at an absolute minimum​.

“As well as being styled like a grocery store, Hema also has a range of bakderies and restaurants in-store which can utilize surplus product that doesn’t sell on the day.”​

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Wakanui Grill Dining to open at Marina One https://www.retailnews.asia/wakanui-grill-dining-open-marina-one/ https://www.retailnews.asia/wakanui-grill-dining-open-marina-one/#respond Thu, 18 Jan 2018 03:10:26 +0000 http://www.retailnews.asia/?p=147272 read the original version on: www.retailnews.asia

New Zealand-themed restaurant Wakanui Grill Dining has opened its third international outlet – an 86-seat restaurant in a glass capsule on the fourth level of Marina One. Singapore is the second territory for Wakanui following the concept’s launch in Tokyo by ANZCO Foods Japan in 2011 (it now has two restaurants there). Its feature dishes […]

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New Zealand-themed restaurant Wakanui Grill Dining has opened its third international outlet – an 86-seat restaurant in a glass capsule on the fourth level of Marina One.

Singapore is the second territory for Wakanui following the concept’s launch in Tokyo by ANZCO Foods Japan in 2011 (it now has two restaurants there). Its feature dishes are New Zealand Ocean Beef and Wakanui Spring Lamb, both grilled over Japanese Binchotan charcoal in a central open kitchen.

Starters included clam soup, steamed green-lip New Zealand mussels, hot-smoked salmon, Kikorangi blue-cheese Caesar salad and Wakanui spring lamb chop. The company raises its lambs for about six months on lush pastures, with the mean being aged for around four weeks.

Other menu features include the Ito Wagyu Chef Creation, plus – a favourite with New Zealanders – Hokey Pokey ice cream with its crunchy confectionery pieces.

“Wakanui”, which is Maori for big canoe, is a rural centre in Canterbury, in New Zealand’s South Island.

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Kim Jones is leaving Louis Vuitton https://www.retailnews.asia/kim-jones-leaving-louis-vuitton/ https://www.retailnews.asia/kim-jones-leaving-louis-vuitton/#respond Thu, 18 Jan 2018 03:00:28 +0000 http://www.retailnews.asia/?p=147268 read the original version on: www.retailnews.asia

Kim Jones is reportedly parting ways with Louis Vuitton. The English designer was appointed as LV’s men’s artistic director in 2011, and has been largely credited with breathing new life into the storied fashion house. His implementation of streetwear sensibilities has received praise from fashion icons Kanye West and Off-White designer Virgil Abloh. He was […]

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Kim Jones is reportedly parting ways with Louis Vuitton. The English designer was appointed as LV’s men’s artistic director in 2011, and has been largely credited with breathing new life into the storied fashion house. His implementation of streetwear sensibilities has received praise from fashion icons Kanye West and Off-White designer Virgil Abloh. He was also instrumental in the wildly popular and highly coveted Louis Vuitton x Supreme collaboration.

“Some critics say that I am just jumping on the bandwagon, but actually I am not. [Streetwear has] always been part of my DNA.” Jones said in 2017. “Street wear is the modern contemporary menswear. Look at the Japanese street wear designers such as Undercover: the details of the clothes are just incredible. It is really intelligent menswear.”

It is unclear if Jones will take a role with another fashion brand; however, BoF reports there are rumors of him moving to Burberry.

In September of 2017, reported that Versace was looking to hire Jones as its creative director; however, ​his deal with LV seemed to pose the biggest challenge.

“No contract has been signed and the likelihood of a deal could not immediately be learned,” the publication wrote. “It is understood that the biggest barrier is a contractual one: [In 2016], the Englishman renewed his employment agreement at Vuitton.”

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Standard Chartered sets up digital innovation, fintech investment unit https://www.retailnews.asia/standard-chartered-sets-digital-innovation-fintech-investment-unit/ https://www.retailnews.asia/standard-chartered-sets-digital-innovation-fintech-investment-unit/#respond Thu, 18 Jan 2018 02:50:11 +0000 http://www.retailnews.asia/?p=147267 read the original version on: www.retailnews.asia

Standard Chartered PLC has established a new business arm named SC Ventures, to drive digital innovation, invest in fintech and start-up companies and promote rapid testing and implementation of new business models. The new unit will focus on problem solving and spreading innovation best practices and client centric design, managing minority investments in FinTech companies […]

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Standard Chartered PLC has established a new business arm named SC Ventures, to drive digital innovation, invest in fintech and start-up companies and promote rapid testing and implementation of new business models.

The new unit will focus on problem solving and spreading innovation best practices and client centric design, managing minority investments in FinTech companies and further investments in promising technologies and sponsor and oversee new disruptive technology ventures that are wholly or partially owned by Standard Chartered.

SC Ventures will be headed by by Alex Manson, who is the Global Head of Transaction Banking.

“Technology is at the heart of Standard Chartered’s strategy – driving efficiencies, increasing automation, introducing global platforms, reducing manual errors and strengthening how it combats financial crime,” the group said in a statement.

In 2015, it announced it was investing about US$3 billion (RM11.9 billion) over three years in technology and systems.

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Hugo Boss China brand’s growth set the sales higher https://www.retailnews.asia/hugo-boss-china-brands-growth-set-sales-higher/ https://www.retailnews.asia/hugo-boss-china-brands-growth-set-sales-higher/#respond Thu, 18 Jan 2018 02:40:42 +0000 http://www.retailnews.asia/?p=147269 read the original version on: www.retailnews.asia

An upward trend for Hugo Boss China contributed to positive final-quarter sales growth for the German luxury fashion house. Online growth was particularly strong, preliminary figures show. Currency-adjusted group sales were up 5 per cent for the quarter, with comparative store sales up 7 per cent year on year, while online sales growth soared by […]

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An upward trend for Hugo Boss China contributed to positive final-quarter sales growth for the German luxury fashion house.

Online growth was particularly strong, preliminary figures show.

Currency-adjusted group sales were up 5 per cent for the quarter, with comparative store sales up 7 per cent year on year, while online sales growth soared by 42 per cent.

For the fiscal year, currency-adjusted sales rose 3 per cent.

CEO Mark Langer says the company achieved its goals for the year, with the final quarter being “particularly pleasing”.

“With the launch of the spring/summer collection, the realignment of Boss and Hugo is now fully visible for the first time,” he says. “Our online business is on track, too, and will make a sustainable contribution toward the growth of the company.”

Based on preliminary figures, final-quarter group sales reached €735 million (US$901.5 million), attributed mainly to strong sales development in the group’s own retail outlets.

Sales for the full year reached €2.7 billion in the full year, corresponding to 1 per cent growth in the reporting currency, but 3 per cent adjusted for currency effects.

Subject to year-end closing procedures, the group expects EBITDA will be largely the same as in the previous year, €493 million. The increase in sales was balanced by investments in repositioning the Boss and Hugo brands, the digital transformation of the business model and negative currency effects.

Final results will be published in early March.

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Hermès opens the door of its Orange Box in Hong Kong https://www.retailnews.asia/hermes-opens-door-orange-box-hong-kong/ https://www.retailnews.asia/hermes-opens-door-orange-box-hong-kong/#respond Thu, 18 Jan 2018 02:30:54 +0000 http://www.retailnews.asia/?p=147266 read the original version on: www.retailnews.asia

On 11 January 2018, Hermès opened the door of its new store in Hong Kong, the original and first home in Greater China. Located in Landmark Prince’s, within the dynamic Central district on the corner of Ice House Street and Des Voeux Road, this new destination marks a significant milestone for Hermès and is a delightful […]

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On 11 January 2018, Hermès opened the door of its new store in Hong Kong, the original and first home in Greater China.

Located in Landmark Prince’s, within the dynamic Central district on the corner of Ice House Street and Des Voeux Road, this new destination marks a significant milestone for Hermès and is a delightful occasion to celebrate the long-standing relationship
between Hong Kong and our house.

The relationship between Hermès and Hong Kong started with the first store in the city
in 1975, followed by a dynamic expansion with a current network of seven shops in key locations. The Hermès homes host outstanding events and exhibitions, whilst encouraging a constant dialogue between  craftsmanship and the effervescent local culture.

For the opening, Axel Dumas, CEO of Hermès, welcomed the guests and walked them through the three-floor majestic Orange Box.

Designed and built by the Parisian architecture agency RDAI under the artistic direction of Denis Montel, the edifice draws its stylistic influences from local architecture.

The design is inspired by bamboo scaffolding construction techniques, the copper-coloured anodised aluminum facade asserts the rhythm and verticality of bamboo.

Eight kilometres of rectangular tubes align to form a mantle with kinetic effects. This storefront of a thousand reflections allows glimpses of a ground floor, a mezzanine level and an upper floor – three levels totalling 9,167 square feet of retail and reception space.

The aluminium facade rises a further two storeys, accentuating the presence
of Hermès at this strategic crossroads in the city. The building’s pre-existing structure – comprising numerous pillars and a low ceiling height – required the architects to draw upon their constructive prowess.

The building benefits from natural light enabled to penetrate throughout. Staircases and daylight cascade down the openings. The three floor areas have been subdivided using openwork screens and mobile partitions to create small lounges and private salons.

On the upper level, it gives way to a balcony from which the city, its skyscrapers and its double-decker tram can be admired.

The store has two entrances. The main door, located on Ice House Street, opens onto spaces dedicated to women’s silk, fragrances, and jewellery accessories.

Source : Hermès

The second entrance, on Des Voeux Road, leads to the men’s universe, with silk, shoes, leather goods, ready-to-wear and a private lounge for made-to measure. The mezzanine is formed of a succession of alcoves on either side of the central space, offering an exclusive setting for jewellery. It is home to the women’s universe, with ready-to-wear, gloves, hats, watches, leather goods, and even a powder lounge, a precious and private boudoir.

The upper floor accommodates the home universe: furniture, lighting, furnishing fabrics and wallpapers, tableware, and offers guests a lounge where to enjoy the comfort of Hermès home.

Source : Hermès

The floor, in mosaic on the ground floor and bamboo parquet elsewhere, is in places covered with rugs that incorporate the pattern of bamboo fibres.

Source : Hermès

The interior design features lacquered wood, leather, stucco, marble, and woven metal. A palette of warm colours ranging from the sandy hue of the women’s universe to the burnt wood shade of the men’s universe. Elements in champagne-coloured woven metal subdivide the spaces.

The extensive use of glass on both façades suffuses the store with golden light. Filtered by a forest of bamboo in the heart of the urban jungle, it allows a sophisticated nature to regain its rights and powers. In an ultimate act of celebration, Hermès has invited the French duo of artists ZIM & ZOU to transform the store windows with delicate humour into enchanted paper castles.

The opening was followed by a party in the West Kowloon Cultural District of Hong Kong to link Hermès to the local artistic culture.

The Orange Box of Hermès is an interwoven space of the brand heritage. It is a celebration of art and craftsmaship, which stands out for its delicate and warm colours. While walking through the three floor, the retail space resembles an art gallery and the products are showcased as if they were artworks to be appreciated more than purchased.

Isn’t it the image of luxury we all have depicted in our mind and that today seems to be lost?

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New York-based Wolfgang’s Steakhouse expands in Philippines https://www.retailnews.asia/new-york-based-wolfgangs-steakhouse-expands-philippines/ https://www.retailnews.asia/new-york-based-wolfgangs-steakhouse-expands-philippines/#respond Thu, 18 Jan 2018 02:20:35 +0000 http://www.retailnews.asia/?p=147256 read the original version on: www.retailnews.asia

Wolfgang’s Steakhouse has opened its second branch in the Philippines, at the new Podium Mall in the Ortigas Center, Mandaluyong. And the president of the New York-based restaurant, Peter Zwiener, says a third branch is on its way. Its first branch launched at Resorts World Manila in 2016, while the third branch will open in […]

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Wolfgang’s Steakhouse has opened its second branch in the Philippines, at the new Podium Mall in the Ortigas Center, Mandaluyong.

And the president of the New York-based restaurant, Peter Zwiener, says a third branch is on its way.

Its first branch launched at Resorts World Manila in 2016, while the third branch will open in Bonifacio Global City, Taguig, in June.

Local partner Raymund Magdaluyo says a restaurant is also being considered for Cebu.

He says the opening of the Podium restaurant is strategic because of the wide market of residential areas and company offices in the neighbourhood.

Compared to the 120-seat restaurant at Resorts World, the Podium branch can accommodate up to 70 diners.

Wolfgang’s also has branches in Japan (four), South Korea, Hong Kong, Singapore and China. Zwiener says he is flying from the Philippines to Jakarta to investigate the possibility of opening a branch in Indonesia.

Other Asia expansion being considered includes Shanghai, Shenzhen and Taiwan.

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John Lobb’s new flagship store and exclusive collection in Hong Kong https://www.retailnews.asia/john-lobbs-new-flagship-store-exclusive-collection-hong-kong/ https://www.retailnews.asia/john-lobbs-new-flagship-store-exclusive-collection-hong-kong/#respond Thu, 18 Jan 2018 02:15:26 +0000 http://www.retailnews.asia/?p=147255 read the original version on: www.retailnews.asia

“The most beautiful shop in the world . . .” – that is how Esquire magazine described the wood-paneled splendour of the London premises of John Lobb’s store in St. James’s Street, which has been traditionally the home of coffee houses, gentlemen’s clubs and elegant outfitters; a mecca for the noble and the fashionable for centuries. […]

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“The most beautiful shop in the world . . .” – that is how Esquire magazine described the wood-paneled splendour of the London premises of John Lobb’s store in St. James’s Street, which has been traditionally the home of coffee houses, gentlemen’s clubs and elegant outfitters; a mecca for the noble and the fashionable for centuries.

The interior’s exquisite and expert craftsmanship of London’s store travels to Hong Kong and it is fully embodied in the new flagship store opened in Princes’s Building in Central.

Together with the opening of the new flagship store John Lobb brings to Hong Kong its new SS18 collection for men with exclusive items available in Hong Kong only, such as the colours of the CITY2 shoe line, and launches women’s collection for the first time in Hong Kong.

 

John Lobb and its commitment to quality in creating the finest footwear.

The Landmark Prince’s boutique now carries the full John Lobb collections. To celebrate the opening, Paula Gerbase, John Lobb’s Artistic Director and Bespoke artisan, traveled to Hong Kong to meet and share all aspects of the creative vision of the brand and provide customers with a trunk show aimed to deliver bespoke shoes.

The opening was a celebration of craftsmanship and storytelling about the brand. Guests enjoyed the dialogue with the artisan and asked questions about the old shoe-making tradition.

Source : John Lobb

It is very known that men tend to prefer buying fewer items, but of higher quality and customization and are ready to wait for a long time to get it as they want, fitting and functionality of goods seem to be the features they are looking for.

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Protest arise after JD.com launches house brand Jing Zao https://www.retailnews.asia/protest-arise-jd-com-launches-house-brand-jing-zao/ https://www.retailnews.asia/protest-arise-jd-com-launches-house-brand-jing-zao/#respond Thu, 18 Jan 2018 02:10:15 +0000 http://www.retailnews.asia/?p=147254 read the original version on: www.retailnews.asia

Clashing head-on with manufacturers who sell through its platform, China’s JD.com has introduced its own brand, Jing Zao. Its initial 38 products range from towels to suitcases in similar style to Japan’s Muji or US luggage maker Samsonite, but at a lower price. Both companies sell their wares through JD.com. JD.com knows which products are […]

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Clashing head-on with manufacturers who sell through its platform, China’s JD.com has introduced its own brand, Jing Zao.

Its initial 38 products range from towels to suitcases in similar style to Japan’s Muji or US luggage maker Samsonite, but at a lower price. Both companies sell their wares through JD.com.
JD.com knows which products are popular with customers and can tailor its offerings accordingly, plus it has its own logistics service for deliveries.

Its house brand follows its venture into physical retail stores. This month it introduced its first fresh-food supermarket in Beijing.

Meanwhile, JD.com has confirmed it is a co-investor in Vietnam’s Tiki e-commerce platform, becoming one of its largest shareholders.

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JD.com widens Southeast Asia presence by investing in Vietnam’s Tiki.vn https://www.retailnews.asia/jd-com-widens-southeast-asia-presence-investing-vietnams-tiki-vn/ https://www.retailnews.asia/jd-com-widens-southeast-asia-presence-investing-vietnams-tiki-vn/#respond Thu, 18 Jan 2018 02:05:02 +0000 http://www.retailnews.asia/?p=147253 read the original version on: www.retailnews.asia

Chinese online retailer JD.com Inc has made an investment in Vietnamese e-commerce firm Tiki.vn, expanding its Southeast Asia business amid growing competition in the region from Alibaba Group Holding Ltd and Amazon.com Inc. JD.com co-led the financing with Vietnamese entertainment and social media firm VNG Corp, which is an existing investor, China’s second-biggest e-commerce firm […]

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Chinese online retailer JD.com Inc has made an investment in Vietnamese e-commerce firm Tiki.vn, expanding its Southeast Asia business amid growing competition in the region from Alibaba Group Holding Ltd and Amazon.com Inc.

JD.com co-led the financing with Vietnamese entertainment and social media firm VNG Corp, which is an existing investor, China’s second-biggest e-commerce firm behind Alibaba said in a statement on Tuesday.

The firm did not disclose the size of the funding but said that JD.com will become one of Tiki’s largest shareholders alongside VNG following the deal.

Vietnamese media had reported in November that the round was worth roughly 1 trillion dong ($44.04 million). JD.com declined to give a dollar number for the investment.

“With JD’s expertise in leveraging social media for e-commerce, Tiki.vn’s partnership with VNG in social network and mobile payments is a natural fit,” Winston Cheng, president of JD.com’s international business, said in the statement.

Vietnam is the latest focal point in JD.com’s strategic push into Southeast Asia, where Alibaba and Amazon have also made significant investments in the past year.

JD.com will tap Tiki.vn’s warehousing and delivery system, as well as its technology and payments capabilities.

Tiki.vn and VNG’s tie-up has similarities to the partnership between JD.com Inc and internet giant Tencent Holdings Ltd, which is an investor in JD.com and Asia’s largest tech firm by market cap.

JD.com leverages data and payments from Tencent’s WeChat, China’s most popular social media app, and will seek to build similar capabilities with VNG and Tiki.vn, Cheng said.

While Southeast Asia’s e-commerce market is still nascent compared to the China‘s, improvement in internet services and an increase in mobile-based payments have attracted large international e-commerce firms to the region.

Alibaba has invested heavily in payment and e-commerce ventures in Thailand, Singapore, Indonesia and Malaysia. U.S. retailer Amazon also launched its subscription-based Prime service in Singapore last month in a bid to challenge Alibaba-backed online retailer Lazada Group in Southeast Asia.

JD.com launched a local online retail business in Indonesia two years ago, and now claims to be the country’ largest retailer by revenue. It also formed a $500 million e-commerce venture with Thai retailer Central Group.

Besides VNG, Tiki.vn’s previous investors include Seedcom, Sumitomo Corp and CyberAgent Ventures.

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Apple’s first South Korean store set to open in Seoul on Jan. 27 https://www.retailnews.asia/apples-first-south-korean-store-set-open-seoul-jan-27/ https://www.retailnews.asia/apples-first-south-korean-store-set-open-seoul-jan-27/#respond Thu, 18 Jan 2018 02:00:21 +0000 http://www.retailnews.asia/?p=147252 read the original version on: www.retailnews.asia

The first official Apple Store Korea will open later this month. Apple Korea announced today that its first fully-fledged retail shop in South Korea will open on January 27, on Garosugil in the affluent southern district of Gangnam in Seoul.Apple said on its website that the store will trade seven days a week from 10am […]

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The first official Apple Store Korea will open later this month.

Apple Korea announced today that its first fully-fledged retail shop in South Korea will open on January 27, on Garosugil in the affluent southern district of Gangnam in Seoul.Apple said on its website that the store will trade seven days a week from 10am to 10pm.

Consumers will be able to try out iPhones, Apple Watches, iPads, MacBooks and other Apple products, visit the Genius Grove for repairs, and attend training sessions on the use of Apple gadgets at the store.

Apple said it has been working with mobile carriers, including SK Telecom, KT and LG Uplus so users can register and set up their mobile phones at the store.

Apple began replacing iPhone batteries early this month as hundreds of thousands of South Korean iPhone users filed a suit over allegations the tech giant intentionally slowed down older iPhones to push users to buy new models.

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