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02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
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29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )

Retail Asia01/04/2020

Chinese sportswear giant Li-Ning reported a massive 110-per-cent boost in profit for last year on sales up 32 percent. Total revenues reached ¥13.87 billion (US$127.9 million) compared with ¥10.51 billion ($96.95 million) in 2018. Net profit attributable to shareholders increased from ¥715.3 million ($6.6 million) to ¥1.5 billion ($13.8 million). CEO and executive chairman Li […]

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Retail Asia11/03/2020

Le Saunda sales slumped in the latest quarter as the Hong Kong footwear retailer slashed its store network. In a stock-exchange announcement covering the fourth quarter, Le Saunda sales declined by 30.9 percent for the three months to February. It also noted a same-store sales decline of 18.5 percent, compared to last year. Le Saunda […]

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Retail Asia22/01/2020

UBS’ quarterly profit more than doubled on the year amid big spending cuts. The Swiss bank set out two-year targets and disclosed the sale of a funds business. The Zurich-based bank’s fourth-quarter net profit rose to $722 million, from $315 million year-ago, amid a nearly six percent cut in spending, it said on Tuesday. It lifted […]

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Retail Asia11/11/2019

Estee Lauder Asia Pacific sales rose 24 per cent in the latest quarter – a stark contrast to the cosmetics giant’s US performance, where revenue fell 6 per cent. Global net sales increased 11 per cent to US$3.9 billion, or by 12 per cent on a constant-currency basis. Net earnings rose 19 per cent to […]

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Retail Asia30/10/2019

Giordano sales slid by 8.6 percent in the three months to September, or by 7.1 percent if measured by constant exchange rates. Comparable same-store sales fell by 10.3 percent. The damage to Giordano sales was largely borne in Hong Kong and Mainland China, where protests have hit inbound mainland tourist numbers since June and Chinese […]

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Retail Asia16/10/2019

UK fashion house Ted Baker has slumped into the red in the first half of the year, its position not helped by a 15.2-per-cent fall in sales in Asia. Global revenue was down by a more modest 0.7 percent (or by 2.5 percent in constant currency) to £303.8 million, but pre-tax profit turned from a […]

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Retail Asia10/09/2019

Budget airline pioneer Tony Fernandes has built AirAsia Group into a benchmark for aviation in Southeast Asia in the 17 years since he founded the company. No longer satisfied with just flying passengers from A to B, Fernandes wants to use the data collected from the 100 million passengers he transports each year to transform the group […]

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Retail Asia10/09/2019

7-Eleven Malaysia has boosted sales by 7.2 per cent in the first half of this year, aided by new store openings, increased promotions and a higher average spend per customer. The company now has 2323 stores trading and plans further openings in the second half of this year. For the six months to June 30, […]

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Retail Asia25/07/2019

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Fashion retailer Zara India has reported a 13.4-per-cent drop in net profit over the last financial year, reflecting increased competition and a drop in demand during the period. The loss came despite a 17.7 percent increase in sales over the year to ₹1438 crore (US$208 million), which suggests the company has been heavily discounting to […]

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Retail Asia18/07/2019

Li Ning has issued a positive-profit alert after a preliminary review of its half-year results. The alert bodes well for the company which has emerged from a troubling era after its founder, Li Ning himself, reasserted control of the business as interim CEO. Last year, the company’s first-half profit soared 42 per cent as the […]

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Retail Asia16/07/2019

New Zealand consumers spent $4.2 billion online last year, a 16 percent increase in 2017, according to the latest e-commerce report from NZ Post. This compares to just 2 percent annual growth in bricks-and-mortar shopping, the postie said in a statement released last week. The rise in spending was driven by Kiwis shopping online more […]

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Retail Asia08/07/2019

Deliveroo riders in Hong Kong can now get paid quicker as part of a new initiative being introduced by the company. The leading food delivery service has launched ‘Get Paid’, which allows riders to opt to receive their fees as early as the same day at the tap of a button, should they wish to. […]

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Retail Asia24/06/2019

Affected by the slump in the Indian auto market, Hyundai Motor India’s domestic volumes witnessed a decline in May 2019 at 42,502 units, dropping by 5.6 per cent as against 45,008 units sold in May 2018. Exports, however, saw a major increase in volumes by 50.8 per cent with the company shipping 16,600 units last month, […]

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Retail Asia17/06/2019

Tan Sri Tony Fernandes tweeted two months ago that AirAsia Group Bhd will have its “best year” in 2019, and so far headline numbers look okay, if not promising, at least for the first quarter ended March 30, 2019 (1QFY19). Jet fuel prices are at around its hedging price — 52% of its fuel needs […]

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Retail Asia04/06/2019

HTC’s revenue numbers continued to drop massively between January and March 2019, and to no surprise today the company has confirmed that it experienced massive financial losses throughout the period. Despite seeing an improved gross margin of 14.7% during the quarter – a year earlier HTC’s gross margin was -3.1% – the Taiwan-based company still experienced a […]

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Retail Asia31/05/2019

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UK-based auto giant Jaguar Land Rover (JLR) has posted a decline of 13.3 percent in sales for April 2019. The Tata Motors-owned automaker sold 39,185 units last month, a sharp decline in year-on-year volumes when compared to April 2018. The carmaker attributed to the weak demand for its vehicles largely due to the subdued market conditions in […]

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Retail Asia29/05/2019

The unprecedented extension of the Japanese Golden Week holiday to 10 days has seen a surge in tourists visiting South Korea. The holiday was extended to mark the enthronement of Crown Prince Naruhito from the usual April 29 to May 5 period. Duty free businesses saw big jumps in sales during the period compared to […]

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Retail Asia20/05/2019

Another Gome profit warning has been issued as the company’s massive restructuring program continues. However the group says the reforms are beginning to show results and while a loss is anticipated for the latest quarter, it will be less than that of the previous period. According to a stock exchange filing, Gome says its loss […]

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Retail Asia16/05/2019

AuMake more than doubled its profit and nearly doubled sales in Q3, compared to the previous corresponding period. The daigou-focused retailer reported $1.68 million in profit in the March quarter, 104 per cent up on the same period last year, and $9.9 million in sales, up 93 per cent on the same period last year. […]

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Retail Asia30/04/2019

Cebu Air reported its net income plunged 50.6% to P3.9 billion in 2018, from P7.9 billion in the previous year, due to the “challenging macro environment.” In a statement over the weekend, the operator of Cebu Pacific noted the high fuel prices, volatile Philippine peso, rising interest rates, increased competition, six-month closure of Boracay, and […]

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