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Retail Asia12/08/2016

Passenger vehicle sales in China to retail customers rose 23 percent in July from a year earlier, the China Passenger Car Association (CPCA) said on Tuesday. Auto retail sales totaled 1.6 million vehicles, CPCA said in a statement on its website. For January-July, passenger car sales rose 11 percent versus the same period in 2015, […]

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Retail Asia09/08/2016

The growth rate of Vietnam retail sales is slowing, according to official data. The Vietnam General Statistics Office says retail trade and services revenue for the first half of 2016 was US$89.6 billion, 9.4 per cent higher than last year. But the rate of Vietnam retail sales growth is generally slower than that of the […]

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Retail Asia05/08/2016

Restaurant industry analysts remain sceptical about the sector’s growth prospects despite promising year-on-year figures. Census and Statistics Department figures show restaurant receipts in Hong Kong increased 3.1 per cent year on year, at the end of the second quarter 2016. Fast food and bars did the best while Chinese restaurants saw fewer diners and lower […]

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Retail Asia04/08/2016

Hong Kong retail sales slumped 8.9 per cent year-on-year by value in June to HK$33.7 billion. That’s marginally higher than May’s fall of 8.3 per cent, but a slower rate than the 10.1 per cent of the first six months of this year. It marks the 16th consecutive month of year-on-year decline. A spokesperson from […]

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Retail Asia30/07/2016

Korea retail sales rose in June according to government data measuring major department stores and discount chains. The government said the year-on-year increase was fuelled by more holidays. The combined sales of three department stores – Hyundai, Lotte and Shinsegae – increased 11.8 per cent on-year in June, while those of major discount retailers – […]

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Retail Asia26/07/2016

On the back of rising demand for the upcoming Ghost Festival, the local retail sector is expected to see sales growth in July, at a time when many retailers have aggressively launched promotional campaigns, according to the Ministry of Economic Affairs (MOEA). In addition, continued high temperatures have boosted demand for beverages in the local […]

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Retail Asia26/07/2016

South Korea’s major department store chains saw their sales move up 2.4 percent in the first quarter from a year earlier, government data showed Sunday, indicating a recovery may be under way in the retail sector. According to the data compiled by the Ministry of Trade, Industry and Energy, South Korea’s top three department store […]

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Retail Asia20/07/2016

Real Singapore retail sales in May rose on April’s figures – but remain down year-on-year. According to Statistics Singapore, total retail sales (seasonally adjusted) increased 1.4 per cent in May 2016 over April. Excluding motor vehicles, retail sales increased an even better 2.3 per cent. But compared to May 2015, retail sales decreased 3.3 per […]

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Retail Asia16/07/2016

The Singapore economy grew 2.2 per cent on a year-on-year basis in the second quarter, marginally higher than the 2.1 per cent expansion in the previous quarter and in line with analysts’ expectations, according to advance estimates from the Ministry of Trade and Industry (MTI) on Thursday (Jul 14). On a quarter-on-quarter, seasonally adjusted and […]

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Retail Asia12/07/2016

In the first quarter of 2016, Hong Kong’s economy had contracted 0.4 percent on sequential basis and grew 0.8 percent on year-on-year basis. This was the first contraction since 2014 amidst weak retail sales and trade sectors, sluggish consumer demand and cautious business spending. Fewer visitors and subdued tourist expenditure further weighed on retail sales […]

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Retail Asia06/07/2016

The latest Hong Kong retail sales data shows the rate of decline is continuing to slow this year. In May, according to information from the Census and Statistics Department released on the eve of Friday’s holiday, there was a year-on-year decline of 8.4 per cent to a provisionally estimated $35.7 billion. While that is a […]

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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 Asia20/06/2016

Singapore’s retail sales for the month of April surged 3.8 percent, taking cues from a boost in vehicle sales for the same period. However, the figures missed market expectations of a 6.1 percent rise in April. Singapore’s total retail sales rose 3.8 percent in April from a year earlier, helped by higher sales of motor […]

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Retail Asia18/06/2016

Chinese retail sales of consumer goods are rising, reaching a total worth of 2661.1 billion yuan (US$403.9 billion) last month, up by 10 per cent year-on-year nominal growth rate (9.7 per cent real growth rate). In the first five months of this year, retail sales reached 12,928.1 billion yuan, an increase of 10.2 per cent. […]

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Retail Asia17/06/2016

The losing streak has hit four sessions now for the South Korea stock market, which has surrendered more than 55 points or 2.9 percent along the way. The KOSPI now rests just above the 1,970-point plateau, and the market is looking at continued weakness again on Wednesday. The global forecast for the Asian markets is […]

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Retail Asia13/06/2016

While Malaysia retail sales for the first quarter have taken a tumble, a decline was on the cards following the introduction of GST on April 1 last year. This boosted sales of big-ticket items in last year’s first quarter, and a year after the introduction of the tax consumers are still holding back on spending, […]

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Retail Asia13/06/2016

Purchasing power is declining despite Vietnam retail sales and services revenue rising 9.1 per cent to VND1430 trillion (US$63.4 billion) in the first five months of this year. If inflation is excluded, the amount marks an increase of 7.8 per cent, according to the General Statistics Office (GSO). However, GSO expert Vu Manh Ha says […]

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Retail Asia24/05/2016

China’s online shopping market expanded 36 per cent last year to CNY3.8 trillion ($586 billion) to account for 12.6 per cent of total retail sales of consumer goods. Mobile revenue of the country’s top two online retailers accounted for 72 per cent of total online turnover. Business-to-consumer (B2C) spending represented 52 per cent of the […]

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Retail Asia17/05/2016

Due to a drop in car deals. Retail sales in Singapore contracted by 1.4% month-on-month in March, following a 4.8% drop in car sales. Excluding motor vehicle deals, retail sales contracted by 0.6%. On a year-on-year basis, overall sales rose by 5.1%. Excluding motor vehicles, sales dropped by 2.2%. The total retail sales value in […]

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Retail Asia12/05/2016

South Korea’s top department stores scored a second month of sales growth in April, preliminary government data showed on Tuesday, backing recent surveys showing consumers are feeling better about the economy. Combined sales at department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co were seen up 8.0 percent on-year in April, according […]

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