Category: General

Retail Asia24/07/2020
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2min0
Bangkok’s Tops Market Westgate has undergone a major renovation designed to position the supermarket as the “most complete premium lifestyle supermarket in Thailand”. The revamp features six “magnet” zones introducing more than 40,000 globally sourced products and focused on meeting a broad range of target consumer trends, in a move to match Central Plaza Westgate’s […]

Retail Asia24/07/2020
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3min0
Airasia’sfinancial performance in the first quarter of the year was below expectations, owing to the double whammy of the Covid-19 pandemic and low oil prices, which led to fuel hedge losses. As analysts predict more pain ahead for Asia’s largest budget airline, many anticipate losses at its long-haul affiliate AirAsia X Bhd to be worse […]

Retail Asia23/07/2020
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2min0
Strong sales across Asia and rapid online growth helped beauty-products retailer Groupe L’Occitane contain its sales decline during the June quarter to a comparatively respectable 22 percent. The Hong Kong-listed company singled out China, South Korea, and Taiwan as its strongest-performing markets, which “bounced back rapidly” after lockdowns, recording year-on-year sales growth of 24.9 percent, […]

Retail Asia22/07/2020
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3min0
Chinese internet firm V1 Group has partnered with Suqian Jingdong to introduce sports-lottery retailing into JD Convenience Stores within the territory via its subsidiary Crazy Sports. The convenience-store chain has been established by JD New Markets by upgrading and rebranding traditional outlets across China and installing a uniform store image, store management, facilities configuration, service […]

Retail Asia22/07/2020
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1min0
Household and consumer goods retailer Muji has built a Muji bus – a store inside a revamped tourist coach targeting consumers living in Japan’s mountainous regions. The new Muji to Go mobile store launches alongside Muji’s largest store internationally which has opened in Tokyo’s Naoetsu Shopping Centre. Its aim is to help revitalize the brand […]

Retail Asia21/07/2020
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1min0
AirAsia Philippines said ticket sales were increasing as it gradually ramped up operations and offered flexible rebooking options amid the new coronavirus pandemic. The budget carrier, part of Malaysia’s AirAsia Group, said June ticket sales rose by 30 percent versus May, when major cites around the Philippines were still under lockdown rules. “AirAsia’s road to […]

Retail Asia21/07/2020
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5min0
Another day, another major Android threat discovered by security researchers as it lurks in the shadows in anticipation of its time in the mischievous limelight. In a way, this BlackRock malware detected and rigorously documented by the folks over at ThreatFabric can be considered even scarier and more dangerous than the Joker virus that made headlines recently or other similar […]

Retail Asia20/07/2020
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1min0
British grocery retailer Tesco and Indian conglomerate Tata have invested another US$8.9 million into their joint venture Trent Hypermarket. The move marks the first major capital investment in the business by the partners in two years, and comes on the heels of the appointment of new CEO Martin Bailie. While revenues expanded 22.5 percent to […]

Retail Asia20/07/2020
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4min0
After dismal updates from luxury goods groups this week, the company behind Cartier could be forgiven for a 47-per-cent slump in sales in its first financial quarter, writes Bloomberg’s Andrea Felsted. More disappointing is that Richemont’s powerful digital platform did a little better. Sales at the company’s online distributors, led by Yoox Net-a-Porter, fell 42 […]

Retail Asia17/07/2020
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3min0
Vietnam Airlines is seeking an urgent VND12 trillion ($518 million) bailout from the government as the coronavirus continues to hit its revenues. It is likely to report a loss of VND13 trillion ($561 million) this year, with revenues falling by half from last year to around VND50 trillion ($2.2 billion), CEO Duong Tri Thanh said […]

Retail Asia17/07/2020
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2min0
Vietnam’s coal imports surged to a record high in the first half of the year, showing its rising reliance on coal-fired power plants. They rose 53.8 percent year-on-year to 31.57 million tons, according to Vietnam Customs. The imports, mostly from Australia, Indonesia, and Russia, exceeded local production by 25 percent. Vietnam turned from a net […]

Retail Asia16/07/2020
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6min0
C.H. Robinson and Microsoft Corp. announced they are joining forces to digitally transform supply chains of the future by combining the power of C.H. Robinson’s Navisphere, Microsoft Azure and Azure IoT to meet the changing demands of evolving global supply chains. Through this alliance, the companies aim to enable real-time visibility for C.H. Robinson customers. […]


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