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Retail Asia24/10/2018

Sunway Malls has been recognised as one of Malaysia’s best companies to work for in Asia. HR Asia, Asia’s most authoritative publication for senior HR professionals – created the HR Asia Best Companies to Work for in Asia platform, where best practices and inner workings of companies are investigated to understand what distinguishes them from […]

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Retail Asia24/10/2018

International private equity firm L Catterton has substantially divested from Chinese mall operator Sasseur Cayman Holding. The firm has reduced its shareholding from 58.86 per cent to just 1.36 per cent, as part of ongoing efforts to optimise its portfolio. Sasseur Cayman is the sponsor of listed Sasseur Reit. L Catterton Asia chairman Ravi Thakran […]

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Retail Asia31/08/2018

A lucid vision of how technology could impact the retail landscape in the near future was visible when both online and offline retailers started embracing the meaningful improvements technology was bringing in. The progress of the digital native population further led to its progression in the retail sector. In fact, every segment of retail became so digitally efficient, that […]

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Retail Asia15/06/2018

Circus-cum-theatre company Cirque du Soleil has developed a family entertainment concept suited to shopping malls. The first show will open in Toronto in September next year after a deal was struck with property group Ivanhoe Cambridge. Talks are ongoing about additional locations inside Canada and the entertainment company is also scouting for locations internationally. Cirque […]

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Retail Asia08/11/2017

Rental revenues from mall expansions and consistent improvement in same-mall sales have helped boost income for integrated property company SM Prime Holdings. For its third quarter, the company had 16 per cent year-on-year net income growth to PHP5.6 billion (US$110.5 million). This led to a 15 per cent increase in net income in the first […]

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Retail Asia27/10/2017

In a third quarter of mixed results, CapitaLand Malaysia Mall Trust (CMMT) saw its net property income fall 2.2 per cent year on year to RM60.1 million (US$14.1 million). East Coast Mall and Gurney Plaza turned in stronger performances to partially mitigate lower contributions from the trust’s Klang Valley shopping malls. Cautious consumers and growing […]

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Retail Asia02/05/2017

CBRE’s annual study of global retail development found that builders completed 12.5 million sq. m. of shopping centers globally last year, up 11.4% from 2015. China dominated the top ten most active global markets with seven Chinese cities making the list. Melbourne ranked number ten—the only non-Chinese city in Asia Pacific to have made the […]

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Retail Asia30/04/2017

The public can get a preview from this Sunday of what to expect when Funan mall opens its doors in the final quarter of 2019. Funan, an integrated development redeveloped from the former Funan DigitaLife Mall in the heart of Singapore’s Civic & Cultural District, has scored a retail sector-first with a one-of-a-kind experiential showsuite, […]

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Retail Asia14/04/2017

A veteran economist foresees trouble for traditional retailers when the Alibaba Group sets up its logistics hub in Malaysia. Speaking to Retail News, Hoo Ke Ping said the hub, which is expected to be operational at the end of 2019, would threaten the survival of shopping malls and small-time traders. He noted that traditional retailers […]

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Retail Asia22/03/2017

While e-commerce has been growing at a substantial pace in Indonesia, its effect of turning away shoppers from offline retailers is yet to be felt. Malls still dominate the daily life of Indonesians, who prefer the experience of going to physical stores. Demonstrating the strong grip that malls and offline stores have on the local […]

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Retail Asia14/03/2017

Vietnam is considered Aeon’s priority destination in Southeast Asia with the largest number of shopping centers to date. Japanese retailer Aeon is planning to pour $200 million into its second shopping mall in Hanoi this year, a company official said, which would see its investment in Vietnam’s capital nearly doubling. The new facility covers an area of […]

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Retail Asia16/02/2017

Lippo Malls Indonesia Retail Trust (LMIRT) posted a distribution per unit of 0.87 cents for its fourth quarter 2016, an increase of 7.4 per cent from a year ago. Its net property income went up 10.9 per cent to S$44.6 million. For the full year ended 2016, LMIRT’s net property income rose 8.4 per cent […]

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Retail Asia17/01/2017

Retail space, in particular shopping malls, will continue to grow this year, with health, beauty and pharmacy stores becoming the new retail battlefield. Fourteen retail projects will open in Bangkok and its suburbs this year, adding a total of 272,800sqm of space, said Mr Surachet Kongcheep, associate director of Colliers International Thailand. Of the total, […]

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Retail Asia07/12/2016

Sunway Malls picked up two Gold Awards in front of 700 malls professionals, retailers and affiliated industries players at the inaugural Malaysia Shopping Malls Association’s (PPK) Best Experiential Marketing Awards 2016. Sunway Malls emerged as winners in two out of the three categories that saw 37 entries from 21 malls. The group beat competition from […]

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Retail Asia21/11/2016

A new mall in Shanghai has set aside a space for what it is calling a ‘husbands nursery’, where it hopes bored spouses will hang out while their wives are shopping in the mall, China Central Television (CCTV) reported. This ‘husbands nursery’, on the third floor of a shopping mall in Shanghai which opened on […]

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Retail Asia27/08/2016

Online and offline retailing in Southeast Asia is expected to merge further, according to a new study by CBRE Research Singapore. Its report It’s All About Place-making urges landlords to play their part to stay ahead in a fast-changing retail landscape where consumers transit seamlessly from physical to digital platforms. CBRE Research projects that nearly 4 […]

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Retail Asia12/08/2016

Starting tomorrow, Sunway Malls will be activating Pokémon Go lure modules at certain hours and at certain Poké stops for Pokémon Go fans. The participating malls from the Klang Valley are Sunway Pyramid, Sunway Putra Mall and Sunway Giza Mall. Sunway Carnival Mall in Penang will participate in the campaign as well. The campaign […]

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Retail Asia22/06/2016

A legislator has called on the government to set up a men’s health-care service that combines physical and psychological treatment to help middle-aged men with sexual health problems. Civic Party lawmaker Kwok Ka-ki, a urology doctor, made the call on Father’s Day. Many men aged 30 or above are faced with diseases of the reproductive […]

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Retail Asia24/05/2016

Jakarta may have hundreds of shopping malls, but the city has a long way to go to compete with global shopping destinations like Singapore or Hong Kong, as its malls lack interconnection. Property consultant firm Savills Indonesia head researcher Anton Sitorus said recently that malls and shopping centers lacked interconnection as they had been developed […]

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Retail Asia16/05/2016

Lotte Group Chairman Shin Dong-bin will meet Indonesian President Joko “Jokowi” Widodo during his three-day state visit to Korea which began Sunday. According to a Lotte official, Sunday, Shin and Widodo will have a meeting at Lotte Hotel in central Seoul today, to discuss advancements of the group’s investment and business in the country. President […]

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