Thai cash-and-carry chain Siam Makro plans to invest up to 9 billion baht ($258 million) in opening stores this year in Thailand and overseas. Its parent company, CP All, which…
As brands speculate about continued economic buoyancy in China, the necessity of having physical stores has come under increasing scrutiny. The unrelenting enthusiasm for e-commerce shown by Chinese consumers has…
Thai retail conglomerate Central Group has won the bidding battle for Groupe Casino’s Big C Vietnam business. Groupe Casino has confirmed Central paid €1 billion (US$1.14 billion), which will be…
Singapore is looking into the creation of a payments system similar to the UK’s Paym that would let someone send money using only the recipient’s mobile number, email address or…
McDonald’s Corporation said it is keen to explore growth potential in Asia and is currently seeking partners who would enhance its competitive advantages in the region. “Asia represents a significant…
The Malaysian Electronic Clearing Corp Sdn Bhd (MyClear), a wholly-owned subsidiary of Bank Negara Malaysia (BNM), is developing a new real-time retail payments platform to serve both as a catalyst…
In fashionable retail and commercial districts of southern Seoul, nearly one in every two buildings boasts a coffee shop – evidence of a boom that has delivered dizzying growth…
Debt-laden civil contractor Gammon India has accepted the proposal from Thailand-based GP Group to sell a controlling stake in Gammon’s engineering, procurement and construction (EPC) business for R250 crore. In…
Starbucks China has recorded a massive 18 per cent increase in sales in the second quarter, fuelled by a 5 per cent increase in transactions. The Chinese boost was one…
UBS Asset Management is optimistic on the Australian and Japanese real estate markets, according to its latest Asia Pacific quarterly outlook report. Amid a challenging macro conditions, transaction volume for…
Low-cost coffees at Korean convenience stores are increasingly popular among price-conscious consumers, posing a threat to coffee shop franchises, industry data showed Monday. Local convenience stores have served canned coffee…
The new Gieves & Hawkes store in The Mailbox, Birmingham is using RFID technology to help the retailer gain a clearer view of stock inventory and to aid the business’s…
While other luxury brands are scaling back in Hong Kong’s subsiding retail market, international fashion brand Versace Asia plans to open a flagship store in Central in October. Shanghai Commercial…
Local credit card companies are launching offline-to-online (O2O) service businesses by collaborating with various sectors to increase transaction fee income. KB Kookmin Card reached an agreement with Uber Korea on…
Hong Kong shoe retailer On Pedder has launched an eCommerce site featuring a curated mix of luxury footwear. It is centered around the retailer’s Pedderzine, a seasonal art-fashion hybrid magazine…
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