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Retail Asia10/01/2018

Move over AKB48, Japan has a new all-girl “idol” band – the Virtual Currency Girls – on a mission to educate the public about bitcoin and other cryptocurrencies. Each of the eight girls in the band, known in Japanese as “Kasotsuka Shojo”, plays a character representing a virtual currency such as bitcoin, ethereum or ripple. Promotional […]

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Retail Asia09/01/2018

China and Japan continue to grow as key markets for Swiss watches, reports the Federation of the Swiss Watch Industry. China had its strongest growth for 30 months at 39.8 per cent, while Japan, up 22.5 per cent, showed strong growth for the second month in succession. Hong Kong has confirmed its recovery with its […]

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Retail Asia09/01/2018

South Korea’s Hyundai Motor and Kia Motors on Tuesday flagged only modest sales growth in 2018, suggesting a slow recovery from a slump linked to their lack of SUVs in the United States and diplomatic tensions with China. Hyundai and smaller affiliate Kia, which together make the world’s fifth-largest automaker, said demand was expected to […]

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Retail Asia08/01/2018

Strong earnings in China and Southeast Asia have helped boost operating profit for Japanese developer Aeon Mall to about ¥33 billion (US$293 million) for the nine months to the end of November. This is up about 10 per cent on the same period a year earlier, and would be a record. Its previous high was ¥30.1 billion […]

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Retail Asia08/01/2018

Japan’s planned introduction of a “departure tax” on international travelers has received a mixed response, with many questions yet to be answered about how the revenues will be spent. Hopes are high that the recent tourism boom will continue beyond the 2020 Tokyo Olympics and Paralympics, when the government aims to attract 40 million visitors […]

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Retail Asia05/01/2018

Chinese discount retailer Miniso is playing a major assault in Canada with 100 stores targeted by year end and 500 within three years. Miniso is growing so fast it is difficult to keep an accurate count of its global network, but co-founder/chief designer Miyake Junya said in November he planned to have 10,000 stores trading in 100 […]

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Retail Asia04/01/2018

Japanese’s famous multi-brand ‘Atmos’ opened its first store in Korea. Atmos is a fashion multi-brand store currently running 30 outlets in Japan. Seoul is its second overseas store after New York. Atmos is Tokyo’s iconic street boutique established in 2000. It is the first shopping destination for footwear brands because of its ability to catch the latest […]

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Retail Asia04/01/2018

Korean company Odd Concepts is using artificial intelligence to help consumers broaden their search for fashion items to match their tastes – even if the clothes are hanging in a store. Used by fashion e-commerce sites, its cloud-based image-search program works by allowing shoppers to choose clothes online that match their taste, then with its […]

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Retail Asia03/01/2018

W Tokyo is partnering with Manila online shopping company Hallohallo to open a Tokyo Girls Collection (TGC) store in the Philippines. Set to launch in May, the boutique will be at the Vertis North complex in Quezon City, Manila. In the mall’s Japan Town section, which features Japanese restaurants and retailers, the store will sell […]

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Retail Asia03/01/2018

Japan’s 7-Eleven stores have started labelling their prepared foods in English as well as Japanese. Seven-Eleven Japan president Kazuki Furuya says the measure is in response to requests from foreign tourists, whose numbers have been soaring and are expected to rise further ahead of the 2020 Tokyo Olympics and Paralympics, the Japan Times reports. “More foreign customers […]

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Retail Asia03/01/2018

Following a limited-edition French macaron release last month, McDonald’s Japan is continuing to draw attention to its McCafe by Barista branches with a more unusual menu twist: popcorn drinks. Available at Japan’s 90 McCafe by Barista outlets from Friday, there are three variations of the limited-edition beverages… Iced Caramel Popcorn Latte: This combines the flavours of espresso with […]

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Retail Asia02/01/2018

Japanese and Korean banks are to run pilot trials of real-time cross-border funds transfers over the Ripple network. The Japan Bank Consortium — a coalition of 61 banks in Japan, organised by SBI Ripple Asia — has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank, two of South Korea’s […]

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Retail Asia02/01/2018

Several years ago, fans of Thai and Japanese goods had only several choices – either buying the products carried across border gates, or going to a few select shops. But now, they can freely choose products at many specialized stores. Specialized shops are mushrooming A report from MOIT (Ministry of Industry and Trade) shows that the […]

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Retail Asia28/12/2017

The end of Japan’s four decades of rice-market control could be good news for noodle lovers. That’s because rice farmers may plant alternative crops like wheat once government control ends by March 31 and look to tap into rising demand for ramen. Fukuoka, on Japan’s southern island of Kyushu, is expanding production of a locally […]

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Retail Asia26/12/2017

Japanese patisserie Chateraise, which is known for having its main factory in the middle of a forest, plans to open 200 shops in Thailand and boost overseas sales to 50 per cent of its total revenue in the next 10 years. With more than 500 outlets mainly in Japan, it has just opened its second […]

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Retail Asia26/12/2017

Japanese e-commerce site Rakuten and consumer electronics retailer Bic Camera are considering a JV that will marry virtual and real stores. They expect to sign a basic agreement soon with a view to setting up their partnership early next year to work toward launching their e-commerce site in April. Bic Camera already has an online […]

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Retail Asia22/12/2017

Several popular Japanese kidult toy brands catering to adult consumers are set to open their first stores in South Korea. According to Hyundai I-Park Mall, the renovated kidult select shop Toys & Hobby at its Yongsan location will reopen tomorrow with some of the most representative Japanese toy brands including Tamashii Nations, Animate, Nintendo, and […]

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Retail Asia21/12/2017

Major Japanese retailer Aeon Group plans to invest ¥500 billion (US$4.4 billion) in online retail over the next three years. Representing a 150 per cent spike in its online investments, the plan has been revealed in a new midterm business plan. Openings of tenant stores in Japanese shopping malls have shrunk by 30 per cent […]

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Retail Asia21/12/2017

In partnership with the US National Basketball Association (NBA), sports merchandise e-commerce company Fanatics has launched official NBA online stores across Asia Pacific. Fanatics already runs the flagship NBA Store in New York City, the league’s global e-commerce site and its official online store for Europe. It has now opened official online stores in Cambodia, […]

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Retail Asia21/12/2017

Japanese fashion designer Yohji Yamamoto is this year’s recipient of the Lifetime Achievement Award, awarded last Friday at the Design for Asia gala dinner in Hong Kong. The 74-year-old design giant — known for his avant-garde tailoring featuring Japanese design aesthetics featuring over-sized silhouettes and a restricted, dark palette — was celebrated for his contribution […]

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