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Retail Asia03/01/2020

Indonesian retail shopping mall platform NWP Retail is set to acquire five shopping malls, two owned by local subsidiaries of Singapore-listed Lippo Malls Indonesia Retail Trust. The two Lippo Malls will be purchased for a total price of IDR1.30 trillion (US$92 million), while the other three mall purchases total approximately IDR440 billion (US$31.5 million). The […]

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Retail Asia16/12/2019

Located in Hanoi’s southwestern district of Ha Dong, the three-story mall occupies a 22,700sqm area, featuring 221 retail tenants covering food, fashion, household goods and entertainment. The new mall brings more than 40 brands new to the city including Koi tea, The, Dune London, Idoome, Jack & Jones, Kipling and Typo. Before the opening ceremony, […]

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Retail Asia30/09/2019

SM Prime Holdings is launching a new lifestyle mall in Zambales, the Philippines. The firm’s 73rd shopping mall in the territory, a 72,000sqm four-story complex, will open in Olongapo city’s CBD with 85 percent tenant occupancy confirmed so far. It is SM Prime’s second lifestyle mall in Olongapo. “Olongapo City remains one of the fastest-growing […]

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Retail Asia20/09/2019

Shopping malls in the Philippines are bucking international trends and are trading stronger than ever, says retail technology expert Nikki Baird. Their secret, she says, is that they offer a wider range of experiences to customers. “Shopping malls in the Philippines are all-in-one destinations that not only provide shopping, dining, and entertainment but also offer […]

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Retail Asia11/09/2019

Alceon Group has announced the locations of two new Lego stores opening in Queensland this year. The investment firm, which holds the distribution rights for Lego in Australia and New Zealand, will open stores in QIC’s Robina Town Centre on the Gold Coast and Westfield’s Chermside shopping center in Brisbane. The stores, measuring 188sqm and […]

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Retail Asia04/09/2019

Mall developer Triple Five announced that Aland’s 10,000sqft outlet will “bring everything that Korean fashion stands for to American Dream; unique designer brands worn by K-Pop stars, K-Beauty and more”. The multi-concept store is known for its range of basic retail items through to curated Korean fashion designs. It opened its first US location in […]

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Retail Asia29/08/2019

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Paya Lebar Quarter (PLQ) by Lendlease continues to realise its vision of transforming Paya Lebar into a vibrant business and lifestyle hub. The three Grade A office towers — home to 18 multi-national corporations and leading Singapore organisations — and PLQ Mall are approximately 90% leased and under final negotiations. A preview of PLQ Mall […]

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Retail Asia06/08/2019

Ikea Malaysia is preparing to open the first phase of a shopping centre linked directly to its blue-box home furnishing store in Batu Kawan, Northern Malaysia. With around 20 tenancies, the new retail destination is aiming to bring a vibrant new mix of brands to the growing Aspen Vision City. The retail extension will open […]

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Retail Asia06/08/2019

CapitaLand Mall Trust (CMT), has achieved net property income (NPI) of S$273.3 million for the half year to June 30. That represents a 10-per-cent increase on the same period last year, boosted by the 100-per-cent contribution of Westgate, of which the trust acquired the balance 70 per cent interest during the fourth quarter of last […]

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Retail Asia29/07/2019

Courts Singapore has opened its first Internet of Things store at Funan mall. The 12,000sqft store houses Google’s first experience zone in Asia and another from Samsung. Consumers can try Google’s entire range of products in Singapore, from smartphones to the recently launched Nest Hub smart display, which is similar to a smart speaker but […]

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Retail Asia24/07/2019

India will take on more than 65 million sqft of new mall space by the end of 2022, according to a new report from real estate services firm Anarock. The report shows the region’s top seven cities will account for 72 percent of the new mall space, while tier 2 and tier 3 cities will see 18.2 […]

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Retail Asia18/07/2019

“Highly detailed and accurate traffic information is an absolute necessity in the modern retail environment and the solution provided by ShopperTrak has allowed Kathmandu to leverage this data with great success.” ShopperTrak gives retailers and shopping centres the data they need to optimise labour, store and marketing performance. By leveraging a combination of traffic data […]

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Retail Asia25/06/2019

Funan mall is set to open its doors on June 28 – ahead of schedule after a three-year redevelopment. Located in the heart of Singapore’s Civic District, the mall will host more than 180 brands under six themes: tech, craft, play, fit, chic and taste. One in three of the stores will be new-to-market brands, […]

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Retail Asia21/06/2019

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Temple Mall has installed a green-screen studio letting shoppers recreate scenes from famous romance movies. Link’s Temple Mall has installed an in-mall green-screen studio as part of its “Love at First Scene” campaign. The installation features 15 romantic scenes for shoppers to choose from along with a costume borrowing service and onsite postcards, allowing customers […]

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Retail Asia14/06/2019

Another Bangkok riverside mall is in the early stages of planning after the Port Authority of Thailand (PAT) said it will develop Klong Toey land it no longer needs. The land is located at the Klong Toey port, not far from Bangkok’s CBD where the authority currently has about 900 rai 1.44 million sqm. PAT […]

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Retail Asia13/05/2019

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Hanwha Galleria is informing Seoul citizens of fine-dust levels by using media art installed on the exterior of its department stores. If the fine-dust concentration is at “bad” levels, the lighting installed on the exterior of the Galleria Luxury Hall sends out red flashing signals three times before displaying a video consisting mainly of red. […]

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Retail Asia10/05/2019

Philippine property developer SM Prime Holdings has committed PHP80 billion (US$1.53 billion) for constructing four new malls, residential units and mixed-use spaces this year. The additional capital is intended to support expansions that include opening an additional 200,000sqm of retail space in “developing provincial cities”, including Pangasinan, Zambales, Butuan and Zamboanga. As at the end […]

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Retail Asia09/05/2019

International e-commerce platform Ebay is preparing to head a US$160–170 million investment in e-tailer Paytm Mall. In a report last Monday, the move was interpreted as a grab at O2O commerce and payments opportunities in India. It will be the third major e-commerce investment in the territory for the firm following its minors stakes in […]

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Retail Asia06/05/2019

Beauty AI startup Lululab has unveiled its unmanned virtual retail space “AI Beauty Store” in the giant Dubai Mall. Lululab is the developer of Lumini, an AI-based skincare assistant that provides individually tailored skin-care solutions. It offers a smart-shopping experience through the store, which combines AI and big-data technology, on the ground floor of the […]

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Retail Asia02/05/2019

LVMH-owned cosmetics retailer Sephora will launch its first outlet in South Korea this October. The first Sephora South Korea retail space will take up 547sqft in Gangnam, featuring hundreds of brands as well as home-brand products under the Sephora label. “Sephora will contribute to expanding the local beauty market by proposing a new standard,” said […]

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