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Retail Asia16/11/2016

China’s traditional retail industry is continuing to decline with demand likely to “remain muted” into next year, according to a new Fitch report. The credit rating agency’s report covers shops and and department stores. “Not only are shopping preferences changing, but declining consumer sentiment affected retail sales in several categories this year,” analysts Yee Man […]

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Retail Asia15/11/2016

China’s retail sales growth rose to 10.0 per cent on-year in October, missing analysts’ forecasts of 10.7 per cent growth — the rate sales grew at the previous month. Thus there was a slowdown in retail sales despite the growth. Industrial output rose 6.1 per cent in October from a year earlier, the National Bureau […]

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Retail Asia07/11/2016

The heavy rate of decline in Hong Kong retail sales may be over, with September figures showing a relatively small contraction. According to data released by the Census and Statistics Department (C&SD), the value retail sales in September, provisionally estimated at $33.8 billion, decreased by 4.1 per cent with the same month last year. That […]

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Retail Asia28/10/2016

China’s retail sales On a year-over-year basis, China’s retail sales showed a strong recovery in September 2016, according to the National Bureau of Statistics of China. The country’s retail sales rose 10.7% in September 2016 compared to a 10.6% rise in August. This reading was above the market expectations of a 10.6% rise, and it […]

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Retail Asia22/10/2016

Real Singapore retail sales fell 6.5 year-on-year in August – twice the rate of decline of the previous month. While the headline figures were 1.1 per cent over July, and 1 per cent over August 2015, those figures included motor vehicle sales. Excluding motor vehicles, retail sales declined 2.1 per cent from July to August. […]

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Retail Asia18/10/2016

Macau’s move to reposition itself from gaming hub to shopping and entertainment destination appears to be paying off already. Tourist numbers rose in Macau over Golden Week as an expanding shopping offer and shows drew 8.45 per cent more visitors than the same period last year. During Golden Week – from October 1 to October […]

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Retail Asia14/10/2016

Rents in the Central region may fall 6-8% in Q4. The outlook for Singapore’s retail sector for the last three months of the year remains subdued, with weak retail rents made worse by retailers consolidating outlets to streamline cost. Average island-wide prime retail rents moderated in Q3 2016, with that of Orchard Road falling for […]

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Retail Asia11/10/2016

Jaguar Land Rover, the UK’s leading manufacturer of premium luxury vehicles, today reported its best ever September retail sales of 61,047 vehicles, up 28% compared to September 2015. The month’s performance has been driven by strong sales of the Land Rover Discovery, Discovery Sport, the Range Rover Evoque and the Jaguar F-PACE, as well as […]

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Retail Asia11/10/2016

China’s retail sales rose at a double-digit pace during the week-long National Day holiday in October, data from the Ministry of Commerce showed, but growth slowed slightly compared with last year. Sales of retailers and catering firms increased 10.7 percent to 1.2 trillion yuan ($180 billion) during the Oct. 1-7 “Golden Week” holiday, the ministry […]

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Retail Asia04/10/2016

Hong Kong retail sales fell again in August – largely due to declining visitor numbers. The Census and Statistics Department (C&SD) says the value of retail sales in August, provisionally estimated at $33.9 billion, decreased by 10.5 per cent compared with August 2015. That’s sharper than the 7.7 per cent revised decline in July, and […]

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Retail Asia03/10/2016

Singapore’s retail sector may be looking gloomy, but all is not lost as six trailblazers share ideas on how to brighten up the scene To describe shopping here, six individuals – including influencers in their own industries – throw up the words homogeneous, safe, scripted. The outspoken Ms Patrina Tan, senior vice-president for retail, marketing […]

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Retail Asia03/10/2016

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South Korea’s department store sales rose for a third straight month in August thanks to widespread discounting ahead of a major public holiday this month, government data showed on Thursday. Combined sales at department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co rose 4.1 percent on-year, data from the Ministry of Trade, […]

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Retail Asia03/10/2016

South Korea kicked off a nationwide shopping event on Thursday with a variety of promotions, cultural and entertainment events to draw more shoppers at home and abroad and revive the sluggish domestic consumption. The massive shopping campaign called “Korea Sale Festa” runs until Oct. 9, involving major retailers, manufacturers and traditional markets, while cultural and […]

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Retail Asia01/10/2016

It contributes $14.4b to the city-state’s GDP. The food industry has done more than relieving hunger as it has also made huge impact in the overall economic growth of Singapore, contributing a bulk to the city-state’s GDP. According to the Food Industry Asia report by the Oxford Economics, F&B industry contributes an estimated $14.4 billion […]

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Retail Asia29/09/2016

August shopping data from tax refund specialist, Global Blue, indicates a downward trend in tax-free in-store sales of -13% (year-on-year) – the worst decline since the start of the year and a big fall compared with July’s 0% change. While transactions rose significantly in August by +25%, the decline of average spend at -30% […]

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Retail Asia22/09/2016

Going into last week’s Chuseok holidays, expectations were low in the retail sector due to a prolonged economic slowdown and a soon-to-be-implemented anti-graft law that will make expensive presents unlawful. Against all odds, however, four major department stores in Korea enjoyed growth in the sales of holiday gift sets. To skirt an anti-graft law known […]

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Retail Asia19/09/2016

Real Singapore retail sales fell 3.1 per cent year-on-year in July according to official data. Real sales, as Inside Retail Singapore defines it, excludes motor vehicles; with those included, year-on-year sales rose 2.8 per cent. Compared to June, real retail sales in July rose 3 per cent. The total retail sales value in July 2016 […]

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Retail Asia01/09/2016

Things are not exactly looking up. The bad news continues for Hong Kong’s downtown duty free and travel retailers such as DFS as the latest retail sales statistics show another month-on-month decline. July government data provisionally indicate that the value of total retail sales in July fell by -7.7% to $34.6bn/$4.46bn, compared with July 2015. […]

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Retail Asia17/08/2016

Retail sales in Singapore rose 0.9 per cent in June compared with the previous year, mainly due to a jump in sales of motor vehicles, the Department of Statistics (SingStat) said on Monday (Aug 15). However, excluding motor vehicles, retail sales dipped 3.0 per cent compared with the same period a year ago. On a […]

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Retail Asia15/08/2016

Mainland China’s retail sales growth slowed sharply in July, statistics showed Friday, missing expectations in a disappointing sign for the world’s second-largest economy as the mainland China authorities look to consumer demand to push growth. Retail sales rose 10.2 percent in the month, the National Bureau of Statistics (NBS) said, a marked slowdown from June’s […]

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