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Retail Asia03/01/2018

South Korean retail sales were up by more than 9 per cent in November from a year earlier, led by strong demand for products from online malls and convenience stores, new government data shows. Ministry of Trade, Industry and Energy figures show that the combined sales of 26 online and offline retailers stood at KW10.68 […]

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Retail Asia13/12/2017

October Singapore retail sales rose a meagre 0.8 per cent over the same month last year, falling 1 per cent from September. Those figures exclude motor vehicles which typically skew Singapore’s data. Including those, retail sales declined 0.1 per cent year on year. Month on month, real retail sales fell 1 per cent, but they […]

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Retail Asia13/12/2017

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There are more signs of recovery in spending power, noting that there is talk about the government and the Bank of Thailand introducing further stimulatory measures to boost employment and the broader economy. TRA president Jariya Chirathivat said that since 2013, retail growth has fallen off. The main factor has been the restructuring of the […]

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Retail Asia08/12/2017

Japan’s economy grew twice as fast as originally estimated in the third quarter thanks to big gains in capital expenditure, revised data showed on Friday, with expansion seen to continue thanks to buoyant exports. The capital expenditure component of gross domestic product was revised to a rise of 1.1 percent from the previous quarter, well […]

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Retail Asia07/12/2017

The Volkswagen car brand expects deliveries to hit a record this year and raised its midterm profitability forecast on Thursday, citing cost cuts and expanding ranges of higher-margin models. While the emissions scandal of September 2015 has cost Volkswagen (VW) billions of euros in fines and penalties, it doesn’t seem to have had a lasting […]

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Retail Asia07/12/2017

Toyota Motor’s sales in China fell 1.3 percent in November from a year earlier to 109,600 vehicles, following a 13.5 percent gain in October, the company said on Tuesday. The Japanese automaker’s sales during the first 11 months of the year totaled 1.18 million vehicles, up 7.5 percent from the same period a year ago.

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Retail Asia04/12/2017

Continuing revival of inbound tourism and optimistic consumer sentiment drove a 3.9 per cent increase in Hong Kong retail sales in October. And two consecutive months of solid increases has lifted the year-to-date increase to 1.2 per cent. Official Census and Statistics Department figures estimate the total value of retail sales in October at $37.5 […]

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Retail Asia30/11/2017

Following a rebound in September, Japan’s retail sales have softened again. Despite the 2.3 per cent spike, sales figures for last month eased 0.2 per cent year on year – the first decline in 12 months. Sales slipped for general merchandise (a 2 per cent drop after a 1.2 per cent lift in September) and […]

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Retail Asia30/11/2017

Vietnam retail sales will exceed US$484.58 billion annually by 2025 and nearly $1.938 trillion by 2035 according to figures from the Ministry of Industry and Trade. In a draft strategy document released for public comment, the ministry expects an annual increase in sales of 13 per cent between now and 2020, rising to 14 per […]

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Retail Asia24/11/2017

American fashion brand Guess’ third quarter turnover grew more than 3 %, mainly thanks to excellent sales in Asia and Europe. It did post a net profit loss however. Drop in America Guess’ total third quarter turnover reached 554.1 million dollars (470 million euro), which represents a 3.3 % turnover growth. European and Asian sales […]

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Retail Asia23/11/2017

Asia’s grocery retail market will be significantly boosted by a rising population and increased shopper spend, with consumer spending in the region accounting for nearly half of additional sales generated to 2022. Global growth will be driven by several factors including inflation, population growth and increased consumer spending on grocery products, IGD said. Key findings […]

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Retail Asia20/11/2017

A stagnant luxury market has made it a tough half-year for fashion retailer Joyce Boutique Holdings, its interim results showing an HK$28.1 million (US$3.5 million) net loss. This follows a HK$16.6 loss for the same period last year. The group says its results were also impacted by low visitor traffic from Mainland China as well […]

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Retail Asia15/11/2017

Singapore retail sales fell by a mere 0.2 per cent in September, compared to both the same month last year and August this year. Including motor vehicles, sales fell 0.5 per cent year on year. Sales of food & beverage services (seasonally adjusted) decreased 0.3 per cent year on year, with restaurant turnover down […]

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Retail Asia10/11/2017

China online spending is set to account for almost 50 per cent of the country’s total retail market this year. According to fresh data from Mintel, this year’s figure will be 45.7 per cent of “total per capita retail spend”. In many categories, already more is spent on goods online than in physical stores in […]

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Retail Asia09/11/2017

Three days out from China Singles’ Day, retail experts are predicting Alibaba’s annual e-commerce sales event will continue to set records. With the Chinese online giant expanding it to a 24-day shopping and entertainment bonanza, the global marketing hype is likely translate to record cross-border e-commerce demand, according to marketing research company eMarketer Retail. Global […]

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Retail Asia09/11/2017

A “steady if cautious” Hong Kong retail recovery is clearly underway, according to a report from Savills released today. “The retail sector is slowly coming to life after four years of painful adjustment which has seen the emergence of a ‘tenant’s market’, a rare occurrence in Hong Kong’s landlord-dominated retail scene,” observed Simon Smith, head […]

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Retail Asia09/09/2017

As consumers become more tech savvy, Thailand internet shopping has boomed. Online retail sales in Thailand are more than doubling annually, whereas traditional stores are seeing only about 10 per cent growth. This is attributed to a combination of stronger and faster internet speeds in Thailand plus the success of online merchants such as Lazada. […]

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Retail Asia06/09/2017

The retail industry has shown slight improvement in the months of April to June, as compared to the first three months of the year, with the Hari Raya festival in May boosting retail sales. The Retail Group Malaysia reports in its latest Malaysia Retail Industry Report that in the second quarter of 2017, Malaysia’s national […]

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Retail Asia06/09/2017

The recovery pace of the South Korean economy has remained feeble for months as an upturn in exports and private consumption was offset by weak industrial output, a government report said Tuesday. “The South Korean economy saw its exports and investment continue to rise and private consumption make a slight rebound, but its recovery pace […]

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Retail Asia06/09/2017

Petron Corp. saw its consolidated net income in the first semester surge 56 percent year-on-year to P8.2 billion this year from P5.3 billion last year, despite supply issues brought about by refinery maintenance. The oil refiner and retailer said in the first half of 2017, it saw its crude oil inventory go down while its […]

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