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Chinese influx lifts Jeju’s growth

Chinese influx lifts Jeju’s growth

Mei Ling Tan February 21, 2016
The southern resort island of Jeju showed the highest rate of growth in productivity in the service sector and retail sales last year. Jeju’s service sector productivity rose 6.7 percent…
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Ikea breaks ground for Bang Yai outlet

Ikea breaks ground for Bang Yai outlet

Mei Ling Tan February 21, 2016
“We are creating the world’s best integration of a Ikea store into a shopping centre,” said Sebastian Hylving, expansion director for Ikano Private Ltd, holder of the Ikea franchise rights…
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SATO empowers Singapore fashion retailer

SATO empowers Singapore fashion retailer

Mei Ling Tan February 20, 2016
SATO has supported the implementation of an RFID inventory and stock-taking system for Decks. The Singapore-based fashion retailer and apparel supplier has achieved greater efficiency and accuracy with Auto-ID solutions…
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Pernod Ricard Asia troubles parent

Pernod Ricard Asia troubles parent

Mei Ling Tan February 19, 2016
Despite difficulties in Asian travel retail, particularly in Korea, liquor supplier Pernod Ricard reports solid first-half 2015/2016 results totalling €5b ($5.7b) and organic growth of 3 per cent. It says…
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Rakuten Singapore axes eCommerce site

Rakuten Singapore axes eCommerce site

Mei Ling Tan February 19, 2016
Japan’s online retailing giant Rakuten is to close its eCommerce websites in Singapore, Indonesia andMalaysia on March 1. And it is reportedly seeking a buyer for its Thailand business Tarad.com…
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Asian retail outlook: “more cautious”

Asian retail outlook: “more cautious”

Mei Ling Tan February 19, 2016
High operating costs – particularly rents and labor in Asia – will ensure retailers are more cautious this year, concludes real estate specialist CBRE. In its annual Asian retail outlook, the…
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Chinese medicine group expanding

Chinese medicine group expanding

Mei Ling Tan February 19, 2016
Traditional Chinese medicine brand Tong Ren Tang has accelerated its overseas expansion, opening nine stores abroad last year. It has developed 31 branches in 25 countries and regions, has 115…
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Courts Asia continues to defy downtown

Courts Asia continues to defy downtown

Mei Ling Tan February 19, 2016
Electronics and furnishings retailer Courts Asia has reported a modest 0.3 per cent increase in profits for the third quarter – against a background of a stagnant domestic market. The…
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Spring Festival retail gloom

Spring Festival retail gloom

Mei Ling Tan February 19, 2016
Fortune seems to have favoured Macau over Hong Kong during last week’s Spring Festival. But both territories suffered from the ongoing change in Mainland Chinese travel habits. Data from the…
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