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Tag: retail news asia

Retail Asia31/07/2023
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E-Tailing

Alibaba to double investment in Vietnam

3min0
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 […]
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Retail Asia12/04/2023
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General

President calls for sustainable Vietnamese business in Laos

2min0
President Vo Van Thuong has asked the Vietnamese community in Laos to set its sights on long-term sustainable business growth even though weathering current short-term difficulties will be complicated. During Tuesday’s meeting with the Vietnamese community in Laos, Thuong praised the patriotism and contributions made by Vietnamese people and enterprises in Laos. For their part, […]
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Retail Asia02/03/2023
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General

Singapore leads foreign investment in Vietnam

2min0
Singapore remained the biggest foreign investor in Vietnam in the first two months of 2023, with investment of $978.4 million, down 42.7% year-on-year, the Ministry of Planning and Investment reported. Taiwan ranked second with nearly $407.1 million, 3.85 times higher than that in the same period last year. The Netherlands came third with nearly $369 […]
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Retail Asia01/02/2023
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E-Tailing

JD Sports to quit South Korean after five years

2min0
UK activewear label JD Sports is set to withdraw from South Korea after five years of operation, according to Edaily. The retailer was reported to have experienced a deepening deficit since the Covid-19 pandemic, which led to the decision. The source said JD Sports Korea had notified all employees of the exit plan. JD Sports […]
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Retail Asia30/01/2023
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Automotive

Hyundai distributor reports revenue of $5B

2min0
Thanh Cong, distributor of South Korea’s Hyundai automobiles in Vietnam, recorded a revenue of VND118 trillion ($5 billion) last year, an increase of 15.6% over 2021. The Thanh Cong Group sold more than 81,500 Hyundai automobiles of all kinds during the year, accounting for some 16% of the country’s total automobile sales in 2022. Late […]
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Retail Asia06/01/2023
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Fashion

Dr Martens shuts all stores in the Philippines

2min0
German-founded British footwear and apparel brand, Dr Martens, has closed all of its physical stores in the Philippines. The brand announced on social media that it closed all of its remaining four stores in Glorietta 4, SM Mall of Asia, SM Megamall, and Manila Bay by the end of last month. However, Dr Martens did […]
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Retail Asia02/08/2022
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Food

Grocery chain Bach Hoa Xanh revenues drop on store closures

2min0
Grocery chain Bach Hoa Xanh suffered an 8 percent fall in sales year-on-year in the second quarter to VND6.76 trillion (US$289.47 million) following its closure of hundreds of outlets. The subsidiary of electronics retailer Mobile World closed 251 unprofitable outlets in May and June as it restructured and also changed the layout of the remaining […]
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Retail Asia15/07/2022
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Research

Understanding Modern Retail Through the Gen Z Filter

8min0
Over the past decade retailers faced the challenge of managing their own digital transformation, while simultaneously scrambling to serve the needs of a younger and increasingly online-savvy audience – generally accepted as being digitally native. Today, brands are additionally tested to plan and accommodate for the increasing buying power of the emerging 11-24 age group […]
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Retail Asia15/06/2022
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Fashion

Shopee culls staff across SE Asia, Europe

3min0
Sea Group’s e-commerce arm Shopee is laying off staff across multiple markets as it seeks to rationalize its e-commerce business, DealStreetAsia has learned. The layoffs have affected employees across several of the company’s Southeast Asian markets including Indonesia, Thailand and Vietnam, sources told DealStreetAsia. The company is said to have emailed employees affected by the […]
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Retail Asia03/01/2022
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General

Understaffed businesses need 300,000 plus workers in HCMC

2min0
Facing labor shortages, businesses and factories in HCMC need around 310,000 workers this year should Covid be controlled. According to a recent survey by the HCMC Center of Forecasting Manpower Needs and Labor Market Information (Falmi), the city’s labor market faces two scenarios depending on future Covid development. If Covid-19 is brought under control, businesses […]
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Retail Asia17/12/2021
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E-Tailing

B2B shopping app taps Vietnam’s e-commerce potential

4min0
The ranking of businesses in Vietnam’s map of e-commerce changed in the second quarter of 2021, with the volume of Google searches for essential online stores skyrocketing, according to an iPrice Group study. The study showed online groceries were the only category to maintain steady and consistent growth since the beginning of the pandemic. Google […]
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Retail Asia14/12/2021
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General

Moleskine opens its first retail store in SEA

2min0
It’s been a big year for Brioni. The fashion house has marked its 65th year by collaborating with us on our ’Wallpaper* Handmade… in Italy’ exhibition, opening several new stores and – of course – throwing a large party. And now it is celebrating the milestone with a commemorative Moleskine notebook, which it’s giving to friends […]
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Retail Asia29/11/2021
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Fashion

Japanese retailers expand Vietnam presence

2min0
Japanese retailers have started to expand their business in Vietnam as localities loosen social distancing restrictions and accelerate vaccination against Covid-19. Coffee chain %Arabica, which currently has over 100 outlets in 18 countries, has announced it will open its first shop in Vietnam on walking street Nguyen Hue in District 1, HCMC. Late last month, […]
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Retail Asia15/11/2021
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E-Tailing

E-commerce sites report jump in 11/11 sales

2min0
E-commerce platforms reported a surge in sales on Singles’ Day on Nov. 11, an annual shopping event, with the most popular items being masks and healthcare products. Tiki said revenues were up nine times from last year, and the number of buyers was double that on normal days. Face masks, products for babies and mothers, […]
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Retail Asia04/10/2021
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General

New Google search feature shows shoppers in-store inventories

3min0
Google has unveiled new search functions aimed at improving the online shopping experience, including allowing consumers to see retailers’ in-store inventory from wherever they are using their device. The enhancements have been enabled using advances in AI technology, the company said during its livestreamed Search On conference overnight. A new addition to search results – […]
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Retail Asia14/09/2021
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General

Experts warn of risks to premature economic reopening

4min0
Reopening the economy is necessary but any untimely decision amid low vaccination rates and high contagion risks could stymie the country’s efforts to defeat Covid-19, experts warn. “The premature lifting of the lockdown and reopening the economy while the full vaccination rate remains low, new infections and fatality rates are still soaring and the health […]
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Retail Asia03/05/2021
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General

Doors open wider for Vietnam exports to the US

5min0
A large demand for agricultural produce and electronics products as well as rising e-commerce potential give Vietnamese exporters greater opportunities in the U.S. market, experts say. The U.S. is a market with much potential for Vietnamese companies, especially as Vietnam has been able to keep the Covid-19 pandemic under control, said Nguyen Huu Tien, director […]
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