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Category: General

Retail Asia09/03/2020
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General

Seven & I drops Speedway US bid

1min0
7-Eleven operator Seven & I has canceled its plans to purchase the American petrol station chain Speedway. The deal was terminated because the expected asking price of around US$22 billion was considered too pricey by the group’s board of directors. The acquisition was hoped to be a vehicle for the group’s expansion in the US with […]
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Retail Asia06/03/2020
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General

Airasia India Passes Major Security and Safety Audit

2min0
The AirAsia Group’s safety strategy continues to pay off with AirAsia India following hot on the heels of AirAsia Thailand to pass a major international safety audit. The accreditation under the International Air Transport Association’s Operational Safety Audit leaves just one member of the AirAsia Group, AirAsia Japan, still going through the process. It is […]
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Retail Asia06/03/2020
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General

Aeon Vietnam plans a massive expansion

2min0
Japanese retail giant Aeon Vietnam says it will invest US$2 billion expanding its presence across the country. Aeon Vietnam opened its fifth shopping center in the country last November, its second in the capital city Hanoi. Now, the general director of Aeonmall Vietnam, Iwamura Yasutsugu, says the company is eyeing 25 centers across the country […]
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Retail Asia05/03/2020
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General

Google I/O 2020 is canceled due to the coronavirus

3min0
In a blog post-Google published today the company said, “Due to concerns around the coronavirus (COVID-19), and in accordance with health guidance from the CDC, WHO, and other health authorities, we have decided to cancel the physical Google I/O event at Shoreline Amphitheatre.” Google says that over the next few weeks it will look at […]
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Retail Asia05/03/2020
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General

Mr DIY delays IPO

1min0
Malaysian home improvement brand Mr DIY may postpone its planned IPO following the effect of political uncertainty on the domestic market. Malaysia’s equities market suffered heavily from the impact of Malaysian president Mahathir Mohamad’s unexpected resignation, as well as the continuing impact of the coronavirus outbreak. The Malaysian stock market’s 12-year bull run came to […]
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Retail Asia04/03/2020
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General

Hong Kong retail sales down in January

3min0
Hong Kong retail sales slumped 21.4 percent in January, further than the 19.4 percent of December – but the worst is yet to come. The Census and Statistics Department (C&SD) provisionally estimated Hong Kong retail sales at HK$37.8 billion (US$4.86 billion) but cautioned that the timing of Lunar New Year – on January 25 this […]
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Retail Asia03/03/2020
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General

AirAsia X cuts 2019 loss despite revenue decline

4min0
AirAsia X narrowed its operating loss to MYR90.1 million ($21.3 million), despite a decline in passenger numbers which affected its total revenue. The loss posted in 2019 is an improvement to the MYR204 million loss made in 2018. Revenue for the year ended 31 December 2019 declined 4% to MYR4.4 billion, as the number of […]
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