Lunar New Year

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Retail Asia21/02/2019

Malaysia is the second largest market in Southeast Asia for Chinese tourists spending over the Chinese New Year holiday season, as recorded by Alipay, the digital payment and lifestyle platform offered by Ant Financial, an affiliate company of Alibaba Group. The transactions were recorded between Feb 4 and 10 this year. Malaysia saw a 16% […]

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Retail Asia18/02/2019

To give back to the Hong Kong community in celebration of the Lunar New Year, Deliveroo collaborated with St. James’ Settlement and restaurant partner LAO ER by Crystal Jade to host a special afternoon event yesterday for elderly people living alone. There are increasing numbers of stay-alone seniors in Hong Kong, who don’t always have […]

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Retail Asia13/02/2019

Vietnam recorded the fourth highest mobile in-app ad revenues (eCPM) in the Asia-Pacific region during Tet 2018. It ranked behind China, Singapore and the Philippines, according to a report recently released by Vietnamese digital advertising service company Adsota. The report also showed that app downloads were the highest 10 days prior to Tet in 2017, while downloads […]

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Retail Asia11/02/2019

China’s retailer and catering enterprises earned over 1 trillion yuan ($148.3 billion) during the Lunar New Year holiday, defying an economic slump to rise 8.5% from last year, the country’s commerce ministry said late on Sunday. The increase was down to the rapid growth in sales of new-year gifts, traditional foods, electronic products and local […]

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Retail Asia06/02/2019

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DFS Group, the world’s leading luxury travel retailer, is celebrating Lunar New Year 2019, ‘The Year of the Pig’ with a series of exciting promotions, exclusive offers, personalization services and interactive activities at DFS, Singapore Changi Airport. Until 19 February, DFS has partnered with Moët Hennessy to celebrate the new year festivities with an exclusive […]

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Retail Asia04/02/2019

Next week it Chinese New Year. It officially begins on February 5th, 2019, and ends on February 19th. This year will be the year of the Pig. It is the most important festival for Chinese people, so the city is fully decorated with festive installations. The retail world celebrates it with decorations and promotions. In Hong […]

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Retail Asia31/01/2019

Despite lacklustre consumer sentiment, businesses are gearing up for brisk sales as consumers do their Chinese New Year (CNY) shopping for the much celebrated festival next week, with many businesses citing CNY as an important sales contributing season. LG Electronics Malaysia general manager of marketing Kong Mun Keen said festive season campaigns, whether CNY or […]

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Retail Asia30/01/2019

Banks have hiked deposit interest rates by 0.1-0.5 percentage points as the country’s spending demand surges prior to Tet. Private lender Asia Commercial Bank last Friday introduced a new interest schedule with an increase of 0.2-0.3 percentage points in rates on most deposit terms. It also offers rates proportional to the amount of deposit. Techcombank, another […]

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Retail Asia08/01/2019

British luxury fashion house Burberry has unveiled its first Chinese New Year campaign, celebrating family traditions and togetherness. The commercials, shot and directed by photographer Ethan James Green, star Chinese actresses and Burberry brand ambassadors Zhao Wei and Zhou Dongyu, who make their Burberry campaign debut. Inspired by classic portraiture, the campaign has been reimagined […]

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Retail Asia31/12/2018

Average New Year bonus given by HCMC firms to an employee is VND3.4 million ($146), 30 percent higher than in 2018. For the 2019 Roman Calendar New Year, bonuses have been significantly higher than in 2018, Le Minh Tan, director of the HCMC Department of Labor, Invalids and Social Affairs said, citing a survey. The […]

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Retail Asia16/02/2018

Siam Piwat Co., Ltd., owner and operator of Siam Paragon, Siam Center, and Siam Discovery, unites the three shopping centers under the banner of “One Siam” to host “Siam Delightful Chinese New Year” with a generous budget of 50 million Baht. On the theme of “Lantern Festival”, the event has illuminated with 999 dazzling sculpted […]

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Retail Asia15/02/2018

Many supermarkets are launching attractive promotion programmes in the days ahead of Tết (Lunar New Year) to attract customers. Tết falls on February 16 this year. In addition to cutting prices on more than 5,000 essential items from January 11 to February 14, Co.opmart and Co.opXtra have teamed up with suppliers for another programme under which they […]

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Retail Asia02/02/2018

Coca-Cola China has once again revived its festive ‘Clay Doll’ figures to help promote Chinese New Year festivities. The commercial from McCann Shanghai features “evolved and refreshed” versions of the animated dolls, which first appeared in Coca-Cola festive campaigns in 2001. Modelled on Chinese traditional folk dolls, the brand usually depicts the pair as gleefully […]

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Retail Asia30/01/2018

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DFS Group, the world’s leading luxury travel retailer, will celebrate Lunar New Year 2018 ‘The Year of the Dog’ with a series of fabulous promotions, exclusive offers and fun interactive activities at selected T Galleria and DFS stores worldwide throughout February 2018. DFS Group’s 2018 Happy Lunar New Year campaign celebrates all that’s important about […]

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Retail Asia16/03/2017

The early timing of Lunar New Year has given Singapore retail sales a boost. Including or excluding motor vehicles, total Singapore retail sales rose 2 per cent in January. However, month-on-month they declined 1.3 per cent on December (excluding cars), reflecting the absence of Christmas trading. Data from Statistics Singapore shows total retail sales in […]

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Retail Asia01/03/2016

Nineteen inbound China duty-free shops have opened to serve domestic travellers returning home. The state’s Ministry of Finance announced the stores have been built in 13 airports including Guangzhou Baiyun, Hangzhou Xiaoshan and Qingdao Liuting, as well as six sea ports. Passengers can carry up to 8000 yuan ($1230) worth of duty-free goods, up from […]

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Retail Asia23/02/2016

Hong Kong’s top jewellery firm Chow Tai Fook and cosmetics retailer Sa Sa saw sales declines of at least 20 percent during the key Lunar New Year shopping season, as China’s slowing economy weighed on consumer spending. Chow Tai Fook Jewellery Group Ltd, Hong Kong’s largest jewellery firm by market value, saw its retail sales […]

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Retail Asia19/02/2016

Fortune seems to have favoured Macau over Hong Kong during last week’s Spring Festival. But both territories suffered from the ongoing change in Mainland Chinese travel habits. Data from the Macau Government Tourism Office showed 548,536 tourists arrived in Macau between February 7 and 10 – which equates to a 5.2 per cent increase over […]

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Retail Asia01/02/2016

During the Lunar New Year period, most Hongkongers would need some red envelopes to put in lucky money for kids, for young unmarried colleagues or for doormen. The envelopes are often obtained free as they are given away by banks, corporate houses or business counterparties. Hence, not many people would actually want to, or need […]

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Retail Asia22/01/2016

Alibaba plans to piggyback on the biggest celebration on the Chinese calendar – Lunar New Year – in the hopes of establishing another e-shopping tradition. Set to start in mid-January in the run-up to Chinese New Year, which falls on February 8 this year, theAlibaba Lunar New Year blitz – dubbed Ali Chinese New Year […]

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