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Retail Asia03/06/2020

Singaporean bubble tea brand Teafolia has permanently ceased operations in the territory. A Facebook post announcing the closure cited the “current economic situation” as the reason for shuttering its outlets. The brand had traded in Singapore for the past three years. Teafolia temporarily closed two of its three outlets during Singapore’s circuit breaker period, a […]

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Retail Asia03/06/2020

Yum China has entered into a partnership with plant-based meat manufacturer Beyond Meat to trial a burger at selected KFC, Pizza Hut, and Taco Bell locations within the country. The agreement marks the introduction of Beyond Meat’s Beyond Burger in Mainland China. “We see great potential for the plant-based meat market in China,” said Yum […]

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Retail Asia01/06/2020

Stuck in their homes, many US fans of Starbucks are apparently missing the experience of shopping or dining in a cafe – so they’re going online to pay huge premiums to buy the coffee brand’s merchandise. US high-end online reseller Poshmark has seen sales of Starbucks merchandise increase by more than 100 percent since the […]

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Retail Asia29/05/2020

Starbucks is expanding Teavana in South Korea. According to the Korea Herald, The number of Starbucks’ premium Reserve-branded coffee houses serving Teavana drinks has expanded from 13 to 52. The tea has grown in popularity within the territory since it was introduced in 2016, with Teavana sales growing 20 percent annually. One tea blend is […]

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Retail Asia28/05/2020

A giveaway promotion from Starbucks in South Korea has drawn the ire of critics who allege consumers are buying coffee and dumping it to gain enough points for free goods. The promotion has become popular, critics say customers feel pressured to buy products in “excessive” volumes. Starbucks in South Korea is holding a promotional event […]

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Retail Asia27/05/2020

A year has passed since South Korea’s first Blue Bottle Coffee shop opened in Seoul’s eastern Seongsu neighborhood – a trendy hangout spot where young artists and designers renovated existing buildings into art spaces, fine restaurants and cafes to woo customers. What impact has this American coffee franchise had on the coffee industry in South […]

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Retail Asia27/05/2020

Filipino restaurant operator Jollibee Foods is set to open 171 stores globally and renovate 96 outlets this year, aiming to capture prime locations made available in a weak economic climate brought on by the coronavirus pandemic. While that number of planned new stores is less than it predicted prior to the advent of Covid-19, the […]

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Retail Asia26/05/2020

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Local and tourist favorite sandwich maker Hung Rui Chen will be opening a flagship store in Hong Kong this August. Hung Rui Chen is a 73-year-old brand, known for its signature sandwiches and recognized as a national local delicacy for its soft bread and unique spread. After an incident of suspected food poisoning from counterfeit […]

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Retail Asia22/05/2020

Vegan food orders have experienced significant growth in Hong Kong as people are switching to what they perceive to be more healthy and sustainable food options. Hong Kong food-delivery service Deliveroo says vegan food orders surged 104 percent last year and order volume is up by a further 20 percent since January. The growth has […]

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Retail Asia22/05/2020

Hong Kong specialty coffee chain The Coffee Academics has launched its own version of Dalgona coffee at its Thai flagship store in Bangkok. Dalgona coffee, which originated in South Korea, has become a viral craze on social media throughout Asia and sparked a leap in sales of instant coffee products which consumers use to make […]

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Retail Asia15/05/2020

Malaysian digital grocer Mygroser is raising its first public funding round as it enhances its delivery capacities in the midst of the continuing coronavirus pandemic. The business is targeting profitability within 12 months followed by expansion within the territory. Funding is expected to be used to meet incoming customer demand as the brand extends its […]

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Retail Asia15/05/2020

Chinese social networking and gaming giant Tencent is partnering with Tim Hortons China to expand the Canadian coffee house’s rollout. Tencent announced the partnership on its Chinese social media accounts without disclosing any financial details. Tim Hortons China has traded since early last year and is expected to use the new funding to set up […]

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Retail Asia14/05/2020

Chinese coffee chain Luckin, once lauded for its overt attempt to dethrone Starbucks within the country, has fired or suspended eight executives over the fraudulent misrepresentation of sales data last year. Luckin executives Jenny Zhiya Qian, who was CEO, and Jian Liu, COO, have been sacked over the highly publicized scandal that saw its stock […]

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Retail Asia13/05/2020

Singaporean traditional coffee shop operator Kimly has recorded a 5.3-per-cent year-on-year boost in half-year profit to SG$10.5 million (US$7.4 million). The result was achieved on a more modest 1-per-cent increase in sales to $107.4 million ($75.74 million) in the half-year ended March 31. The improved revenue was largely due to the brand’s five new coffee […]

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Retail Asia13/05/2020

Popeyes China will open its first store next week, in Shanghai, as it aims to build a network of 1500 outlets nationwide within 10 years. Located on Huaihai Road, one of the city’s most popular shopping precincts, the 470sqm debut Popeyes China store features a Louisiana-inspired design with a twist of Chinese aesthetics. Raphael Coelho, […]

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Retail Asia12/05/2020

A second Starbucks community store has opened in South Korea. The new venue, located in Seongsudong, Seoul, is described by the company as a “hub for young people and prospective startups to share information about networking and starting their own businesses”. The store is located near a sizable startup and social-venture community and a major […]

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Retail Asia11/05/2020

Singaporean luxury tea brand Tea WG has expanded its Hong Kong footprint, adding a fourth boutique at Sha Tin’s New Town Plaza, its first in the New Territories. The retailer, which trades as TWG Tea in other markets, opened two boutiques in Festival Walk and Elements last year following its growing popularity in the territory. […]

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Retail Asia08/05/2020

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Hong Kong restaurant sales plunged 31.2 percent in the first quarter of this year – the largest decline on record – as consumers practiced social distancing and the government restricted occupancy. Significant growth in home deliveries of restaurant meals was insufficient to stem the dramatic fall in patronage. According to the Census and Statistics Department, […]

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Retail Asia05/05/2020

Chinese tea chain Heytea has closed three-quarters of its Hong Kong network, leaving just two stores operating, at Causeway Bay’s Times Square and Sha Tin’s New Town Plaza. Three of Heytea’s outlets in Tsim Tsa Tsui – at The Sun Arcade and New World Development’s two K11 malls – have been boarded up. A K11 […]

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Retail Asia05/05/2020

Fast-food and QSR-restaurant operator Yum China has partnered with Italian coffee company Lavazza to develop a network of coffee shops across the country. The companies have opened a Lavazza Flagship store in Shanghai, first outside Italy, as the first step in the new partnership. The flagship is located in Jing’an, Shanghai’s historic downtown district, offering […]

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