June 19, 2026

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China leads digital payment adoption globally: Report

Mei Ling Tan March 7, 2016

China has the highest adoption rate in the world for technology-enabled payment systems, the media reported on Thursday. In a survey of 13,000 respondents in 26 countries, 86% of Chinese…

Bloom time for kids’ fashion

Mei Ling Tan March 7, 2016

Mrs Madelaine Wong buys new clothes for her three children every fortnight. The 37-year-old, a regional director of sales, shops for them during lunch time or after work. While Mark,…

Alibaba plans stake in China business magazine

Mei Ling Tan March 7, 2016

The publisher of one of China’s most respected business magazines, Caixin, said today it was seeking new investors following reports e-commerce giant Alibaba plans to take a stake in the…

Lifestyle’s 2015 results have no impact on its ratings

Mei Ling Tan March 7, 2016

Moody’s Investors Services says that Lifestyle International Holdings Limited’s 2015 results have no impact on its Baa3 issuer rating. The rating outlook remains stable. “Despite the weak retail markets in…

Hong Kong January retail sales fall for 11th straight month

Mei Ling Tan March 7, 2016

Hong Kong retail sales, which suffered their worst decline in 13 years last year, saw weak sentiment extending into January on slumping tourist arrivals, weak local consumption and a strong…

Central denies hypermarket ambition

Mei Ling Tan March 7, 2016

Central Group chief executive Tos Chirathivat says the group has set aside 39 billion baht for investments at home and abroad this year. PHRAKRIT JUNTAWONG Central Group yesterday insisted it is not…

Changi retail +8% to $1.56bn is new record in 2015

Mei Ling Tan March 7, 2016

Singapore Changi Airport has formally reported that it achieved an 8% record increase in retail and food and beverage sales worth S$2.2bn ($1.56bn) in 2015, compared with the previous trading…

Central Group sees flat spending in Thailand

Mei Ling Tan March 7, 2016

As Thai retail conglomerate Central Group suffers a sluggish domestic economy, its owners the Chirathiwat family worry that premium customers are spending overseas rather than at home. “The upper class…

Singapore forecasts 0-3% visitor arrivals in 2016

Mei Ling Tan March 7, 2016

The Singapore Tourism Board (STB) is forecasting a 0-2% rise in the range of S$22bn to $22.4bn ($15.6bn to $15.9bn) in tourism receipts in 2016 and international visitor arrivals in…

Moynat Tokyo store opens

Mei Ling Tan March 5, 2016

French luxury trunk-maker Moynat is about to open its first store in Japan, with the ribbon to be cut by Japanese actress and singer Miho Nakayama. Moynat’s history goes back…

China to ‘completely dominate’ global eCommerce

Mei Ling Tan March 5, 2016

In the retailing business, it’s fairly common knowledge that China is home to the world’s most prolific online shoppers. Last year almost 419 million mainlanders made purchases via the web, more than…

Aeon Japan shortens opening hours

Mei Ling Tan March 5, 2016

Japanese retail giant Aeon is chopping back opening hours at most of its Tokyo-area general merchandise stores, seeking more efficiency in the face of staff shortages and competition with convenience…

Tumi plans more stores globally

Mei Ling Tan March 5, 2016

US luggage retailer Tumi plans more stores internationally this year after a solid 2015. The company reported a net sales increase of 3.9 per cent to US$547.7 million in the…

Ikea Kicks Off $444 Million Global Media Review

Mei Ling Tan March 4, 2016

Ikea is reviewing its entire $444 million global media account, which is currently split between a range of agencies across five different holding companies. WPP’s MEC retained Ikea’s media planning…

Canadian entrepreneur takes male make-up line Formen to South Korea

Mei Ling Tan March 4, 2016

A Canadian entrepreneur who sells a dedicated line of skin care and make-up products online is preparing to launch onto the South Korean retail market, according to a report published…

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