retail asia

Retail Asia31/07/2023

Alibaba.com, the global business-to-business e-commerce platform of Chinese tech giant Alibaba, will double its investment in emerging manufacturing centers in Vietnam and additionally hire hundreds of employees. In the next three years, Alibaba.com will complete the establishment of specialized teams to operate in Vietnam’s emerging manufacturing hubs, including Binh Duong, Bac Ninh, Long An, Da Nang […]

Retail Asia01/07/2020

South Korean retail sales rose by 2 percent during May, largely due to increased online shopping, according to the new Ministry of Trade figures. The year-on-year increase was strongly influenced by purchases of food and sanitary items online due to the effect of social-distancing requirements related to the coronavirus pandemic. The ministry polled 26 major […]

Retail Asia11/06/2020

The COVID-19 pandemic would have a major effect on developing economies in Asia and may even drive several countries into recession, according to the World Bank. The novel coronavirus presents a massive danger to one of the leading economic development drivers in the world, driving it into recession and throwing 11 million citizens into poverty, […]

Retail Asia02/06/2020

South Korean duty-free retailers are temporarily shuttering metropolitan stores in response to a significant decline in tourist numbers caused by the coronavirus epidemic. Numerous outlets at prime tourist destination Jeju Island will be closed this month. A Lotte Duty-Free store that has already been operating under reduced hours since February will close pending the resolution […]

Retail Asia16/04/2020

The six-week-long coronavirus lockdown is expected to slash Malaysian retail sales by 60.7 percent this month as non-essential stores are forced to close. Retail Group Malaysia, which calculates data on behalf of the Malaysia Retailers Association, estimates that retail sales for the full year will drop by 5.5 percent, should the government’s Movement Control Order […]

Retail Asia09/01/2020

An unidentified Hong Kong toy-shop owner has been convicted of misleading omission commercial practice. The owner was convicted of engaging in commercial practices involving misleading omission according to the Trade Description Ordinance (TDO) and sentenced to 200 hours of community service by Kowloon City Magistrates’ Courts. The court also ordered him to compensate HK$11,210 (US$1440) […]

Retail Asia13/12/2019

The world’s retail market is expected to slow down next year, but Asia will account for 45 percent of global retail sales, according to a new report from economic and business research group The Economist Intelligence Unit. In terms of volume, sales growth will slow compared to this year, but in US-dollar terms growth will […]

Retail Asia30/10/2019

Giants Lazada and Tiki are racing to reduce their delivery times as competition heats up in Vietnam’s e-commerce market. Singapore-based Lazada Friday launched a 4-hour delivery service for flowers in Vietnam, a move in response to Vietnamese startup Tiki’s 2-hour delivery for a large number of products. Nguyen Ngoc Thang, head of express solutions at […]

Retail Asia12/08/2019

Central Singapore retail rents eased by 1.5 percent in the second quarter of this year, according to data from the Urban Redevelopment Authority. That followed a smaller quarter-on-quarter decline of 0.2 percent in the three months to March 31. At the end of the June quarter, there were 320,000sqm of space in the pipeline, down […]

Retail Asia11/04/2017

In a significant strategic u-turn the Burberry beauty business is to be out-sourced again. The UK fashion brand has announced a partnership with Coty to help boost the growth of Burberry beauty products from October. “We are delighted to partner with Coty, a world leader in luxury fragrance and makeup,” said creative chief Christopher Bailey […]

Retail Asia21/08/2015

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Hong Kong retailers wondering where those cashed up, big spending Mainland Chinese tourists have been unzipping their wallets… here is your answer: London. According to the Retail Gazette, spending by Chinese Visa card holders rose 44.5 per cent in the UK in July – outstripping spending by tourists from France and Australia. Inbound tourists from […]

Retail Asia21/08/2015

Global Brands Group is discussing a possible “strategic alliance” with Chinese eCommerce companies Alibaba and JD.com. The two e-tailers are declining to comment on the matter, but based on comments by Global Brands CEO Bruce Rockowitz, Bloomberg reports the alliance “could involve online sales of brand-name children’s wear, among other products, through Alibaba’s Tmall and […]

Tag: retail asia

Alibaba to double investment in Vietnam

South Korean retail sales up after Covid-19

Developing Asia economies to face the threat of recession amid the global pandemic

South Korean duty-free retailers closing downtown stores

Coronavirus lockdown to slash Malaysian retail sales

Hong Kong toy shop fined for deceptive conduct

Asia will account for 45 per cent of global retail sales next year

Lazada, Tiki locked in delivery speed race

Singapore retail store rents ease in second quarter

Burberry changes strategy to boost up sales

London retailers revel in Chinese influx

Global Brands in talks with Alibaba, JD.com