When Phil Clarke was sacked as Tesco’s CEO, senior executives hoped his 0700 strategy meetings would go with him. They did – new boss Dave Lewis starts his at 0630.…
Matahari Department Store opened its 130th outlet in Cyberpark, North Lippo Karawaci, last week to tap growing demand of consumers in the Tangerang region, the retailer said in a statement.…
Tiffany & Co., the world’s second largest jewellery retailer by sales aims to improve its lustre in emerging Asia, where demand for gold and gems appears to be insatiable. While…
While most consumers grappled with the escalating cost of living, the Malaysian government’s subsidy rationalisation programme and the impending introduction of the goods and services tax (GST) also took centre…
Matahari Putra Prima, the operator of the supermarket chain Hypermart, is setting aside up to IDR882 billion (USD71 million) to beef up its retail network next year in another sign…
Thai e-commerce operators are urging the government to impose lower rates of taxation in order to encourage them to enter the revenue system and pay proper taxes. Offering lower rates…
Beijing based supermarket chain Wumei Holdings will pay CNY1.4 billion (USD225 million) for a majority stake in home decorating chain B&Q China whose parent Kingfisher failed to spur growth in…
Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television program showed Chinese employees working more than three times their official hours to…
Consumers in Australia are less anxious than at any time in the past 18 months amid signs of a robust finale to the Christmas shopping season. The National Australia Bank’s…
Plagued by poor transport and less purchasing power, rural buyers remained mostly untouched by the wave of online shopping that swept across China in recent years. However, the situation is…
Australian supermarket giant Coles has been ordered to pay AUD10 million (USD8.1m) in penalties for “serious, deliberate and repeated” misconduct towards suppliers that were in some cases in financial trouble.…
While most consumers grappled with the escalating cost of living, the Malaysian government’s subsidy rationalisation programme and the impending introduction of the goods and services tax (GST) also took centre…
Chinese workers and overseas students in Russia have been snapping up goods at low prices caused by the steep fall in Russian ruble rates before brands can adjust them. These…
Iconic Swedish furniture retailer Ikea built its biggest store in the world to serve South Korea’s shrinking households, targeting millions of people living alone with Korea-only items like super-sized single…
Retailers and landlords in Singapore can look forward to greater retail rental transparency after the details of the Fair Tenancy Consideration Framework are unveiled, probably this month. The framework will…
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