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Tag: asia

Retail Asia14/02/2019
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E-Tailing

E-commerce firm Zilingo bags US$226m in funding

2min0
Singapore online fashion market Zilingo has achieved capital investment of $226 million in a Series D funding round. The investments were made by the firm’s existing backers, including Sequoia Capital, as well as newcomers Temasek Holdings and EDBI, and will support the business’s expansion into fresh markets in the Philippines, Indonesia and Australia, as well […]
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Retail Asia14/02/2019
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General

All about Generation Z

12min0
People born in the year 2000 will turn 19 this year, entering university or finding jobs in a society struggling with slowing economic growth and a rapidly declining population. But as Korea adapts to a difficult economic environment, how will this new generation that prioritizes personal experiences and online communities fit in? The generation, known […]
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Retail Asia14/02/2019
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E-Tailing

Today’s demanding consumers need tech-savvy food retailers: Walmart India CEO

5min0
Food is the largest retail consumption category in India, accounting for 33 percent of the overall consumption expenditure. It is also the largest opportunity area, especially in times when market dynamics are changing dramatically, and consumer behaviour is no longer generic. Indian consumers are becoming more and more indulgent with food (and vegetables), and they […]
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Retail Asia14/02/2019
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Living

Vietnamese airlines excited, worried about direct US flights

7min0
Vietnamese carriers are keen on operating direct flights to the US, but worried about recouping the large investments involved. The U.S. Federal Aviation Administration (FAA) is expected to grant a Category 1 rating to Vietnam soon, allowing direct flights between the two countries, reported earlier this month, citing two U.S. officials. Dinh Viet Thang, head of […]
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Retail Asia14/02/2019
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Living

Ikea services foray boosts loyalty and sales

4min0
Ikea is turning to services to increase turnover and boost engagement with customers. Moreover, partnering with specialist companies in such areas as delivery and assembly allow it to focus on product design and sales, leaving post-checkout experiences in the hands of specialists, rather than committing its own staff and training resources. An example of the […]
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Retail Asia14/02/2019
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Fashion

Guess announces new CEO

3min0
Iconic American fashion brand Guess Inc. announced that its chief executive officer and director, Victor Herrero, is leaving the company effective February 2, 2019. Carlos Alberini, who served as Guess’s president and chief operating officer more than ten years ago, will replace Herrero. “On behalf of the Board of Directors, I want to thank Victor […]
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Retail Asia14/02/2019
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General

Singapore December retail sales drops 3 per cent

2min0
Singapore retail sales in December slipped 3 per cent year on year. Including motor vehicles in the data, they fell by 6 per cent. There was a month-on-month decline of  4.1 per cent excluding vehicles, largely due to the online-sales boom driven by Singles Day and Black Friday in November. Online retailing continues to eat […]
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Retail Asia14/02/2019
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Living

Grab-Uber deal comes under fresh antitrust scrutiny in Vietnam

3min0
Vietnamese authorities are set to further investigate the merger between Grab and Uber last year for possible violation of antitrust regulations. The Competition Council said after a thorough examination of documents and arguments furnished by both parties it has discovered a number of new details related to possible violation of competition laws by ride-hailing platform Grab’s […]
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Retail Asia14/02/2019
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Finance

Asian shares rise as Trump boosts US-China talks

4min0
Asian stocks climbed Wednesday as US President Donald Trump said he could extend the deadline for a trade deal with China, appearing to boost the prospects of an agreement. Trump said “things are going well” at preliminary talks in Beijing, where top economic officials will gather Thursday seeking an accord to stop sharp US tariff […]
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Retail Asia14/02/2019
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E-Tailing

Asia-Pacific shoppers favour cross-border shopping

2min0
Half of online shoppers in Asia-Pacific make purchases cross-border, according to a recent report by yStats. The top two markets for cross-border shopping in the region are Hong Kong and Singapore while Japan shuns the trend, with over nine in 10 online shoppers buying only domestically. The tendency to buy from foreign online sellers also prevails in […]
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Retail Asia14/02/2019
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Fashion

Virgil Abloh’s Off-White launches the Simpsons collection

1min0
Virgil Abloh‘s Off-White™ debuted its eagerly-anticipated Spring/Summer 2019 collection at Paris Fashion Week, and devotees will not be disappointed. First seen in our exclusive look backstage, the new collection offered goods both playful and earnest, with references to artist Dondi White and The Simpsons. The Simpsons House T-Shirt highlights 742 Evergreen Terrace in Springfield, USA […]
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Retail Asia14/02/2019
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Real Estate

World’s first digital mall launched in India by Digital Mall of Asia

6min0
In a revolutionary development that could potentially redefine the global retail and e-commerce industries, Digital Mall of Asia (DMA), a first-of-its-kind digital e-commerce platform merging the real estate and the digital spaces, has announced the launch of its Noida mall. The launch took place at the company’s registered office in the Film City, Noida, setting an unprecedented […]
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Retail Asia13/02/2019
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Fashion

Officine Panerai makes debut in Malaysia

2min0
Officine Panerai Malaysia has opened its first store. The Italian luxury watchmaker’s new boutique is the brand’s 81st worldwide and fourth location in Southeast Asia, forming part of Panerai’s strategy to boost its market in the region. It was designed by Spanish architect Patricia Urquiola to depict Panerai’s naval and wartime heritage. “Together with partner […]
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