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Retail Asia19/04/2019
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IDC says the global market for smart home devices will grow 26.9% year over year in 2019 to 832.7 million units shipped. The analyst predicts consumers to adopt multiple devices within their homes, which will result in 1.6 billion devices shipped by 2023. “2018 was all about getting products into consumers’ homes and both Amazon […]

Retail Asia08/04/2019
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Alibaba’s e-commerce platform Taobao has launched its home-and-living channel, Jiyoujia in Singapore. Marking the brand’s first foray into an overseas market, products are on show at Taobao Home store at NomadX store. “Singapore is an important market for Taobao, and we continue to witness strong and sustained demand for the home-and-living category here by shoppers,” said […]

Retail Asia14/03/2019
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Muji Singapore is set to expand its offer to include the new Muji Renovation concept. By 2025, Muji Singapore customers might be able to go to the Japanese retailer for a complete home transformation, said Satoru Matsuzaki, president and representative director of Muji owner Ryohin Keikaku. “I always want to bring new formats to Singapore […]

Retail Asia22/02/2019
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Ikea has developed an ‘intelligent curtain’ capable of purifying air. The invention, coated with sunlight-activated minerals that break down airborne pollutants, has been developed in collaboration with several European and Asian universities. “By enabling a curtain to purify the air, we are creating an affordable and space-saving air purifying solution that also makes the home […]

Retail Asia19/02/2019
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Ikea Malaysia will next month open its first store in the northern region of Peninsular Malaysia – in Batu Kawan, Penang. Due to open on March 14, the brand’s fourth outlet in the country spans 43,600sqm of retail space and will feature more than 8000 products. “The store will also have 49 showrooms, a market, […]

Retail Asia18/02/2019
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Furniture manufacturers are striving to meet the changing tastes of young people, who have begun to value eco-friendliness and aesthetics. Nguyen Chanh Phuong, vice president and general secretary of the Ho Chi Minh City Fine Arts and Wood Processing Association (HAWA), said the furniture segment for small urban houses is abuzz in Vietnam, with its […]

Retail Asia13/02/2019
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2min0
Struggling department store chain JC Penney announced it will exit its home appliances business, and some of its furniture business, while revamping the layout of its stores to focus on clothing sales to boost profits. The company, which hasn’t turned a profit since 2010 and has forecast several more years of losses, said it would […]

Retail Asia23/01/2019
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Japanese electronics retailer Nojima Corp has launched a conditional takeover bid for Courts Asia. The deal is conditional upon Courts Asia’s majority owner Singapore Retail Group (SRG) agreeing to the deal. Offering 20.5 cents a share for the business, the offer represents a 35 per cent premium over the price shares were trading at before […]

Retail Asia04/12/2018
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Gome Retail has plunged US$64million into the red as its restructuring program takes its toll. The company took the unusual step of releasing third-quarter financial data, which shows group sales were down 11.2 per cent in the first nine months of the year, to $7.3 billion. Total gross merchandise volume (GMV) of the group for […]

Retail Asia07/05/2018
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Rituals, the British body and home products brand, has expanded its travel retail presence in the Middle East and entered the Asian market for the first time. The brand has opened a shop-in-shop at the DFS store in Abu Dhabi International Airport and commenced trading from a pop-up store at T Galleria by DFS, in Hong Kong’s Causeway Bay. The Abu […]

Retail Asia03/05/2018
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Mercury Home Textile has selected Manhattan Associates, to optimise order fulfilment across its international, multi-channel retail operation and to serve as a foundation for its transition to an omnichannel business model with Manhattan’s Warehouse Management Solution (WMS). With more than 2,600 franchised stores in China and hundreds of partner stores across Europe, the Middle East, North […]

Retail Asia27/04/2018
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Ikea India says it will launch its first store in Hyderabad in July. This follows the Swedish furniture maker opening a “Hej Home” experience centre in the city in November to familiarize locals with brand. Covering 400,000sqft in Hi-tech City, the debut store will have more than 7000 products on display, says Ikea Hyderabad store manager John […]


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