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Category: Living

Retail Asia17/01/2019
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Living

Walmart China to boost offline, online integration

1min0
Walmart China has pledged to further its online/offline integration strategy with increased focus on fresh food distribution, private brands and membership services. The firm’s president and CEO Tan Wern-Yuen said the business will focus on “consolidating its upstream resources and to further improve product quality”. The firm is set to invest more than RMB700 million […]
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Retail Asia17/01/2019
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Living

Incheon Airport breaks record with 2018 sales

5min0
Incheon International Airport announced record annual sales of US$2.4 billion for 2018, beating the previous record set in 2017. The performance ranks Incheon as the world’s number one airport for duty free sales in 2018, ahead of Dubai International. The latter’s anchor retailer, Dubai Duty Free, posted 2018 sales of US$2.015 billion. Sales rose 14.8% […]
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Retail Asia15/01/2019
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Living

Vietnam digital media giant acquires US network

3min0
Media giant Yeah1 Group has acquired ScaleLab, a U.S. Youtube multi-channel network, for $20 million. ScaleLab is expected to receive $12 million upfront and another $8 million later if business targets are achieved two years after the merger. ScaleLab executives have said the company agreed to the sale because it requires an infusion of funds […]
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Retail Asia15/01/2019
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Living

Bamboo Airways to begin flying next week

2min0
Bamboo Airways, Vietnam’s newest airline, has begun ticket sales and its first flight is scheduled to take off next Wednesday. The airline has just officially opened ticket sales on Saturday. It has three ticket classes, Economy, Flexible Economy and Business Class, and unlike other low-cost carriers like VietJet and Jetstar Pacific, all passengers will be served […]
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Retail Asia15/01/2019
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Living

Grab appeals $208,000 Vinasun compensation ruling

3min0
Grab has appealed a verdict by a Vietnamese court to pay compensation to domestic taxi firm Vinasun for causing it losses. Arguing that the order to pay VND4.8 billion ($208,000) by the first instance court was unlawful, the Singapore-headquartered Grab has asked the appellate court to quash the case. It wants the court to quash the verdict […]
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Retail Asia14/01/2019
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Living

Watsons Vietnam opens first store this month

2min0
Hong Kong-headquartered healthcare and beauty retailer Watsons is to launch in Vietnam. The first Watsons Vietnam store will open on January 17, in the lower floors of the high-profile Bitexco tower in downtown Ho Chi Minh City. The store will take up at least one floor of a two-storey space recently vacated by Topshop. Teasing […]
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Retail Asia11/01/2019
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Living

Indonesia’s Go-Jek rejected in the Philippines

3min0
Indonesia’s Go-Jek suffered a setback to its expansion plans on Wednesday after the transportation regulator in the Philippines rejected its application to launch a ride-hailing service, saying its domestic unit did not meet local ownership criteria. However, the setback may only be temporary as the firm, whose backers include Google, could appeal the decision or […]
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Retail Asia11/01/2019
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Living

More Chinese seniors embrace WeChat

3min0
The ubiquitous WeChat is continuing to expand its reach across all age groups – especially among people aged 55 and above. According to the 2018 WeChat Data Report released at the WeChat Open Class Pro 2019 event in Guangzhou this week, seniors recorded the fastest growth of any age group last year. WeChat says more people are sharing […]
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Retail Asia10/01/2019
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Living

Temasek plans to sell AS Watson stake

2min0
Singapore’s Temasek Holdings is reportedly looking to quit its stake in Hong Kong-headquartered beauty products retailer AS Watson. Temasek spent US$5.6 billion to acquire a 25 per cent share of AS Watson in 2014 from Hong Kong’s CK Hutchison, which retains the majority stake. According to report, Temasek made the investment expecting the business to be […]
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Retail Asia10/01/2019
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Living

Bamboo Airways cleared to take to the skies

3min0
Vietnam’s newest airline, Bamboo Airways, has received a certificate that allows it to operate aircraft for commercial purposes. The Vietnam Civil Aviation Authority Tuesday granted the Aircraft Operator Certificate (AOC) to Bamboo Airways. The AOC is a certificate approved by a regulatory authority that allows a carrier to operate aircraft for commercial purposes within a […]
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Retail Asia10/01/2019
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Living

L’Oreal Korea seeks Brandstorm 2019 contest participants

2min0
L’Oreal is now accepting applications from students in Korea for its annual global marketing competition “L’Oreal Brandstorm 2019.” The mission for this year’s competition is to “invent the future skin care experience for health-conscious consumers.” Contestants need to choose one brand from L’Oreal’s Active Cosmetics division, such as Vichy or La Roche-Posay, and propose a […]
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Retail Asia09/01/2019
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Living

Amway forays into the herbal oral care segment

5min0
Amway India, the country’s largest FMCG direct selling company has announced the launch of its latest innovation – ‘Glister Herbals Toothpaste’, to mark its entry into the herbal oral care market. Building on the success of its globally popular Rs 100 crore brand – Glister, the new herbal oral care product is a seamless blend of […]
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Retail Asia09/01/2019
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Living

Mattel to launch BTS doll this summer

2min0
Toy retailer Mattel has announced a comprehensive, worldwide licensing agreement with popular South Korean boy band BTS. The creative collaboration will debut the first-ever line of BTS fashion dolls this summer. Under a multi-category license with BTS under its label, Big Hit Entertainment, Mattel will create dolls, collectible figures, games, and more. The collaboration will […]
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Retail Asia09/01/2019
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Living

Mothercare Malaysia retailer seeks IPO

2min0
Kim Hin Joo, operator of ELC and Mothercare Malaysia, is preparing for an IPO on Bursa Malaysia’s ACE Market. The move, expected to generate funding for the group’s further expansion and expenditure, will see a public issue of 76 million new shares (20 per cent of its enlarged share capital) and an offer of 57 […]
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Retail Asia09/01/2019
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Living

Vietnamese banks report solid profits, employees hopeful of high bonuses

3min0
With Vietnamese banks reporting substantial profits last year many of their employees are expecting higher Lunar New Year bonuses. The banking sector’s overall profit before tax increased by 40 percent year-on-year, according to the National Financial Supervisory Commission. Vietcombank, the largest bank by market capitalization, said in a recent report that its consolidated pre-tax profit […]
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Retail Asia09/01/2019
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Living

Tablez to launch Build-A-Bear in India

5min0
To meet an ever-increasing demand for an engaging retail environment, Tablez India announces the partnership with Build-A-Bear, a global experiential retailer. U.S.-based, customized stuffed-animal retail-entertainment brand Build-A-Bear aims to reach as many as 9 million households in the top 15 cities in India by 2025. Besides standalone stores, shop-in-shop formats of Build-A-Bear would be launched within Toys“R”Us as part of […]
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Retail Asia09/01/2019
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Living

Nestlé launches Workplace by Facebook

5min0
Nestlé has adopted Workplace by Facebook as its global internal communication tool, to connect its workforce and better serve consumers.  The announcement comes as the latest and largest wave of staff join the platform, part of a process that began only nine months ago. Today, around 210,000 of its employees worldwide use the platform to connect […]
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Retail Asia08/01/2019
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Living

No More Free Checked Baggage on Lion Air Indonesia

3min1
Flying cheap will soon also mean flying light for many Indonesians after the country’s largest airline, Lion Air, and its subsidiary, Wings Air, decided to start charging for checked baggage on all their domestic flights from today. The airlines, which together served around half of the archipelago’s air travelers last year, will only allow one piece […]
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Retail Asia08/01/2019
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Living

Knows deeper Japanese lifestyle guru Marie Kondo

2min0
Marie Kondo is the queen of organization. Her book, “The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing,” reveals her instructions for organizing your space in one sitting, and then never having to do it again. Her methods have garnered a significant social media following with the hashtag #konmarimethod, and also […]
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