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Tag: Department Stores

Retail Asia18/02/2019
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General

Suning develops omnichannel smart retail through Wanda department stores

3min0
Suning.com, the Fortune Global 500 retailer owned by Suning Holdings Group, one of the largest commercial enterprises in China, recently announced the establishment of its Department Store Group. It will focus on professional operations of fashion department store business to strengthen its full-scenarios development in online-and-offline smart retail and improve the shoppers’ experience. The Company […]
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Retail Asia11/05/2018
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General

Department stores lead Singapore retail sales

1min0
Singapore retail sales rose 2.6 per cent in March, excluding motor vehicles, as the sector’s slow but steady recovery continues. Month-on-month, retail sales rose 1.1 per cent. The headline figure – which includes motor vehicles – showed a year-on-year decline of 1.5 per cent as car sales in the city state slumped 16 per cent. […]
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Retail Asia23/12/2016
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General

Japanese department store facing downturn

1min0
Japanese department store sales fell 2.4 per cent in November, year-on-year, the ninth consecutive monthly decline. The Japan Department Stores Association reported total sales at 234 outlets run by 81 companies were ¥525.7 billion, (US$4.47 billion). It said it expected an improvement in December’s sales data as consumers enjoyed an end-of-year shopping spree. November was […]
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Retail Asia10/12/2016
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General

Target China learning fast as it gains momentum

2min0
Target China is continuing to learn about the vast mainland market as it builds brand awareness in the region in preparation for a major push. Vincent Lau, GM China with Target Corporation, told the Omni-Channel Retailing Conference half-year seminar yesterday that China represented a steep learning curve for the US$73.8 billion US-headquartered value retail business. […]
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Retail Asia03/10/2016
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General

South Korea August dept store sales rise for 3rd month

2min
South Korea’s department store sales rose for a third straight month in August thanks to widespread discounting ahead of a major public holiday this month, government data showed on Thursday. Combined sales at department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co rose 4.1 percent on-year, data from the Ministry of Trade, […]
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Retail Asia23/08/2016
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Fashion

From loss to profit for Parkson Retail Asia

4min0
Department store Parkson Retail Asia has managed a turnaround with profit before tax (PBT) of S$35 million (US$25.8 million) for the year ended June 30, compared to a pre-tax loss of $40.6 million the previous year. Profit was boosted by gain from a partial disposal of equity interest in Parkson Hanoi (PHCL) of $45.6 million. […]
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Retail Asia06/07/2016
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Real Estate

Hans Sy Semi Retirement Announcement

1min0
SM Prime CEO, Hans Sy, has announced a semi-retirement. Sy has also served as SM Prime’s president since 2004, while holding key positions in SM subsidiaries and affiliates. Teresita Sy-Coson, vice chairperson of SM Investments – parent company of SM Prime, said Sy “wants to have more free time for himself and his organization is […]
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Retail Asia30/06/2016
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Living

Ambitious online plan for Tesco Thailand

3min0
Tesco Thailand aims to double its online shopping sales annually for the next three to five years. Local digital and online business director for the UK-owned Tesco Lotus business, Wanna Swuddigul, told The Nation newspaper Thai shoppers are looking for instant access to product information and to be able to buy while they browse. The […]
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Retail Asia27/06/2016
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Living

Lulu opens new hypermarket in Malaysia

4min
UAE-based retail major Lulu Group has opened its first hypermarket in Kuala Lumpur, Malaysia, as part of its plans to further consolidate its retail presence in the Far Eastern region. The 250,000 sq ft hypermarket was inaugurated by the Malaysian Prime Minister Datuk Sri Najib Tun Razak in the presence of Dato Sri Dr Ahmed […]
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Retail Asia03/06/2016
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Real Estate

Major revamp for SM Mall of Asia

4min0
SM Mall of Asia is set to revolutionize its look 10 years after it opened in Manila Bay. The Philippines’ biggest mall will soon house a FIFA World Cup-size soccer field on the mall’s roof deck and a botanical garden. Miami-based firm Arquitectonica will design these. By the end of the year, an Olympic-size skating […]
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Retail Asia20/05/2016
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Living

Parkson revenue falls

3min0
Despite contributions from new outlets, Parkson Retail Asia’s department stores have seen third-quarter group revenue fall by 15.6 per cent to S$98.4 million (US$71.5 million), with a 14.4 per cent drop to S$294.6 million for the nine months of its current financial year. The Parkson revenue decline reflects same-store revenues falling in Malaysia and Vietnam, plus […]
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Retail Asia16/05/2016
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Food

Food drives Korean department stores

2min0
Cooking is big in Korea. There are currently more than a dozen cooking shows on Korean television, featuring variety of cuisines, restaurants, and famous chefs, and Korean department stores are benefiting from this food-frenzy phenomenon. Major department stores like Shinsegae are hosting well-known restaurant franchises at their outlets, attracting consumers who seek ‘good food’ to […]
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Retail Asia02/05/2016
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Living

Siam Makro plans $258m expansion

2min0
Thai cash-and-carry chain Siam Makro plans to invest up to 9 billion baht ($258 million) in opening stores this year in Thailand and overseas. Its parent company, CP All, which through its ownership of 7-Eleven Thailand is the country’s largest convenience store operator, plans to sell some of its 97 per cent stake in Siam […]
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Retail Asia25/04/2016
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Living

Spar Asia flourishes

2min0
Food retailer Spar Asia had “significant” developments during its latest financial year. In a partnership with Ramayana, the Amsterdam-based group opened 15 stores in Indonesia in nine months, had rapid growth in India after re-entering the market in 2014, and saw its China sales rise 6.8 per cent to €1.9 billion (US$2.14 billion). Internationally, its […]
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Retail Asia21/04/2016
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Living

PRG China expanding in confidence

3min0
Despite economic growth cooling, Parkson Retail Group (PRG China) is confident about its shopping mall opening this month in Qingdao. This confidence is underlined by an Asian Development Bank prediction that the Chinese economy will grow 6.5 per cent this year, with retail sales expanding 10.6 per cent in the first two months of this […]
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Retail Asia13/04/2016
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Living

Marui takes up half of Kitte Fukuoka

3min0
Marui Group is opening a seven-floor retail centre that will take up half of the new Kitte Fukuokadepartment store. With its headquarters in Tokyo and known for its “OIOI” sign, the group will be launching Hakata Maruion floors one to seven at the 14-floor Hakataekichuogai area complex, run by Japan Post, on April 21. Covering […]
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