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Retail Asia23/10/2023

JD Logistics is strengthening its presence and operations in the Greater Bay Area with the expansion of its self-operated express delivery business in Hong Kong and Macau via JD Express. The enhanced delivery network will comprise several operations centres and offer intra-city and cross-border express delivery between Hong Kong, Macau, and China. In Hong Kong, […]

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Retail Asia06/01/2023

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As casinos in Macau begin new licenses to operate in the world’s biggest gambling hub on January 1, the stakes are high on whether they will be able to successfully deliver on a government mandate to diversify away from their cash-cow: gambling. For the last 20 years, Sands China, Wynn Macau, MGM China, Galaxy Entertainment, […]

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Retail Asia05/12/2022

Carousell, a Singaporean consumer-to-consumer (C2C) service platform operating across Southeast Asia, is letting go of about 110 employees, or 10% of its total headcount, to reduce costs amid a challenging market condition for the tech industry. The announcement came from the company’s blog on Thursday, posted by co-founder and CEO of Carousell Siu Rui Quek, saying, “I […]

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Retail Asia18/08/2022

Macau’s telecoms regulator has accepted the bids for the city’s first 5G licenses, including that of major telecoms firms CTM and China Telecom (Macao) Limited. According to the Macau Post and Telecommunications Bureau, the operators to be awarded the licenses are expected to launch 5G services by the first quarter of 2023. In a press […]

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Retail Asia20/10/2021

China’s two special administrative regions announced their list of eligible banks to participate in the cross-border wealth management scheme. In Hong Kong, HSBC, Standard Chartered, Citi and more were amongst those on the list of 19 approved banks, according to an announcement yesterday from the city’s central bank. Three banks – Bank of East Asia, DBS and […]

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Retail Asia26/08/2021

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The value of Macao’s retail sales for the second quarter of 2021 totaled 20.70 billion patacas (about 2.58 billion U.S. dollars), up 200 percent year on year, the special administrative region’s statistic department said on Tuesday. The latest report from the Statistics and Census Service (DSEC) showed that among the major retail trade activities, sales […]

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Retail Asia15/03/2021

At least nine Singaporeans have been struggling to leave Macau after they were unable to secure a direct flight home due to the pandemic. One is desperate to return after losing his job in the Chinese city, whose economy has been hit hard by Covid-19. Another needs surgery for a spinal condition and wants to return […]

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Retail Asia01/02/2021

Swiss watch giant Swatch Group said Thursday it suffered a net loss of 53 million Swiss frances (49 million euros) last year as the coronavirus ravaged the global economy. Sales were down more than 32 percent at 5.5 billion Swiss francs, short of analyst forecasts compiled by the AWP agency for 5.8 billion Swiss francs. […]

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Retail Asia13/01/2021

Versace announced the re-opening of its boutique in Macau. Situated in the upscale Shoppes at Four Seasons, the store is located at the city’s premier luxury destination. Inspired by Medusa’s hypnotic gaze, the boutique has been renovated following a new concept created by renowned architect Gwenael Nicolas. An impressive ceiling embellished with concentric golden louvers surrounding a […]

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Retail Asia22/12/2020

Local apparel retailer Bauhaus International (0483) has revealed an intention to close all its retail stores outside Hong Kong and Macau by the end of March. The group’s loss outside Hong Kong and Macau expanded more than 13 times to HK$78.4 million in 2019 over 2018 before it narrowed to HK$68.6 million this year. Most […]

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Retail Asia28/09/2020

7-Eleven has always been known for running attractive redemption programs that offer appealing collectibles. However, the team decided to do things differently this time around, they wanted to shift the program from simply being a way to reward loyalty into a platform to increase brand equity and authentically engage the customer in a fun and […]

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Retail Asia08/09/2020

Japanese clothing retailer Uniqlo is to open its biggest Macau outlet this month. Located at ‘Yellow House’ commercial building near the Ruins of St Paul’s, it is the first store in Macau to feature the UTme! design-your-own T-shirt service. The brand will collaborate with local artists to launch UTme! designs that feature local elements. According […]

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Retail Asia19/08/2020

British luxury menswear label Dunhill has opened a new store at Wynn Palace in Macau. The Dunhill Wynn Palace opening is part of the brand’s expansion strategy in Asia, according to the company. The store features a contemporary yet elegant design with modern elements such as its signature marble, leather, and metal details. Inspired by […]

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Retail Asia13/08/2020

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@Macau, the world’s biggest casino hub, is set to welcome an influx of gamblers after China announced that tourist visas would be reinstated for all provinces. Residents from Zhuhai city across the border from Macau are permitted from tomorrow, August 12. Residents from the neighboring coastal province of Guangdong on the mainland will be able […]

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Retail Asia11/08/2020

Foot Locker has made its Macau debut with two stores opening this month. Located in Shoppes at the Parisian Macau, the Foot Locker’s first Macau store features a wide selection of footwear and apparel collections from different global brands, including Nike, Jordan, Adidas and Puma. “Opening our first store in Macau marks another milestone in […]

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Retail Asia24/07/2020

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Supportive measures for the Macau retail and restaurant trade resulted in a mild improvement in business during May, according to official data. According to a Statistics and Census Service report, 17 percent of restaurants surveyed in the special administrative region recorded a year-on-year increase in revenue during the period, 12-per-cent higher than those reporting increases […]

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Retail Asia24/07/2020

Christian Louboutin has opened its first boutique in Macau, at the Shoppes at Four Seasons. Located on the second floor of the shopping center, the Christian Louboutin Macau boutique’s design was inspired by the founder’s neoclassical apartment in Paris. The boutique “looks like a living room where women do not feel like they are in […]

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Retail Asia03/07/2020

American fast-casual restaurant chain Shake Shack is planning to open at least 15 new venues in South China by 2030. The chain, working through local licensee Maxim’s Caterers, a company controlled by Hong Kong’s Dairy Farm Group, will open restaurants in cities including Shenzhen, Guangzhou, Fuzhou, and Xiamen, with a goal of 55 Shake Shacks […]

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Retail Asia11/06/2020

Macau’s casino malls have seen a welcome resurgence in foot traffic as locals bearing shopping vouchers return to store floors. While gamblers have yet to return to the casino venues, government e-voucher handouts to eligible residents of the territory have stimulated the local economy in the wake of the coronavirus pandemic. “Consumption coupons did help,” […]

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Retail Asia29/05/2020

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Macau retail sales plunged 45.1 percent in the first quarter of this year to around US$1.41 billion according to the territory’s Statistics and Census Service. The huge fall followed the effective closure of the border with Mainland China and the resulting the absence of people venturing to Macau for gambling, shopping and conventions due to […]

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