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Retail Asia15/05/2023

Footwear maker Pou Yuen Vietnam, the largest employer in HCMC, will lay off nearly 6,000 workers, or 10% of its workforce, amid a decline in orders. This is the biggest layoff of the Taiwanese company, a supplier to Adidas and Reebok, since its operation in HCMC in 1996. At a recent meeting with city authorities, […]

Retail Asia10/02/2023

Auto dealers are offering discounts of up to VND100 million ($4,243) to boost sales after the Lunar New Year shopping season is over. As many Vietnamese bought their new cars before the annual Tet holidays, which fell from January 20-26, dealerships are seeing a decline in customers showing up or making inquiries online. Toyota Toyota dealerships are […]

Retail Asia19/01/2023

The news Diageo is to buy Philippines-based dark rum brand Don Papa was met with positive noises by industry insiders this week. Diageo’s acquisition of Don Papa will complement the spirits giant’s existing rum portfolio and should allow the group to better take advantage of favourable headwinds in what the company and some industry watchers call the “super-premium-plus” […]

Retail Asia08/11/2021

Global apparel retailer UNIQLO today announces that UNIQLO BEIJING SANLITUN Global Flagship Store will open on Saturday, November 6. The company’s third global flagship store to open in Mainland China and the first in Beijing, the new store will engage with Chinese traditions and society, incorporating technology, art, culture, creativity, and sustainability to create China’s […]

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Adidas, Reebook supplier to sack 6,000 workers

Auto dealers offer up to $4,000 in discounts to boost sales

Diageo to buy Philippine rum brand Don Papa

Uniqlo’s Beijing global flagship store opens doors