Category: General

Retail Asia21/01/2020
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1min0
US stationery retailer Papyrus is preparing to close all of its more than 260 physical stores throughout the country. Brand owner Schurman Retail Group’s COO Dominique Schurman broke the news in a letter to all staff, citing “current challenges of the retail industry”, explaining that the firm had been “diligently working to revitalize our business” […]

Retail Asia21/01/2020
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3min0
7-Eleven Singapore will collect cash payments for transactions initiated via home-grown financial-services company Pay2Home’s digital platform. Pay2Home is one of the growing group of fintech companies creating services for consumers who are unbanked, including hundreds of thousands of migrant workers who send funds back to their families in their home countries. Under the Pay2Home and […]

Retail Asia20/01/2020
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1min0
Braun Buffel has launched its new store concept at Ion Orchard in Singapore, creating a brand experience with multiple physical and digital touch-points. The store’s facade features Champagne-gold fonts against soft white frames. To create a modern look, marble stone tiles in light grey with streaks of white tones are used. Hand-brushed finishes on the […]

Retail Asia17/01/2020
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2min0
The Enforcement Directorate has summoned AirAsia chief executive officer (CEO) Tony Fernandes on 20 January in an ongoing probe against the airline. Summons have been issued to the entire top brass of the airline, both past and present, under the Prevention of Money Laundering Act (PMLA). The action against Fernandes comes more than a year […]

Retail Asia17/01/2020
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2min0
South Korean convenience-store chain GS25, owned by GS Retail, has opened a futuristic convenience store without a checkout counter in Jung District, Seoul this week. The store, which is located in the headquarters building of a local credit card company BC Card, is similar to Amazon Go, checkout-free offline malls in the US. One can […]

Retail Asia17/01/2020
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3min1
Health and beauty retailer Watsons has partnered with Tencent’s WeChat Work platform to establish an online presence and launch cloud-based WeChat stores this quarter. Watsons China’s launch on WeChat Work and the establishment of cloud stores will enable the brand to provide more personalised, round-the-clock services to its more than 65 million-strong customer base shopping […]

Retail Asia16/01/2020
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1min0
Liverpool FC has partnered with CRC Sports to launch a merchandise pop-up store in Vietnam. Located at Estella Place shopping mall in District 2, the pop up offers fans a full range of New Balance replica kit as well as authentic Liverpool FC merchandise, apparel and fashion accessories. “Our new store in Vietnam will enable […]

Retail Asia16/01/2020
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3min0
Hong Kong-based retailers will continue to face tough times as domestic and international issues impact the economy according to a leading analyst. Anne Ling, an equity analyst at investment bank and financial-services company Jefferies Group,  says every 10 percent decline in retail sales impacts the earnings-before-tax (EBIT) of Hong Kong retail companies by between 7 […]

Retail Asia16/01/2020
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2min0
Vietnam consumer-goods company Masan Group says it plans to shut down hundreds of VinMart and VinMart+ stores it purchased from VinGroup last year. The company said they will open 10-30 new Vinmart supermarkets and close 100-300 Vinmart+ stores this year to focus on improving profitability of existing locations instead of following the program of massive […]

Retail Asia15/01/2020
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7min0
Malaysia’s AirAsia Group says it will co-found a tech-training facility with Silicon Valley giant Google, as Southeast Asia’s biggest budget carrier by fleet continues its push to become a technology-led company. AirAsia Group President Aireen Omar told the Nikkei Asian Review that fresh tech talent would play a vital role in developing new businesses within the group […]

Retail Asia15/01/2020
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2min0
Budget carrier Cebu Pacific is working to gradually resume flights at the Ninoy Aquino International Airport (NAIA) starting 11:00 a.m. on Monday, Jan. 13, 2020. “Following the effects of ashfall, Cebu Pacific is working towards the gradual resumption of flights at NAIA beginning 11 a.m. today, January 13,” it said in an advisory. “We are conducting […]


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