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19. April 2024
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Tag: Retail

Retail Asia03/04/2024
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Research

Strategies for Supply Chain Resilience in the Global Permacrisis Era

7min0
In recent years, the concept of ‘Permacrisis’—a term denoting prolonged periods of instability and insecurity, sparked by concurrent catastrophic events—has gained prominence. This term not only encapsulated the essence of 2022 but continues to hold relevance in 2024, affecting global supply chains and subsequently, the retail sector. The ongoing challenges underscore the critical need for […]
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Retail Asia07/03/2024
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General

Singapore retail sales down in January

2min0
Singapore retail sales – after excluding motor vehicles from the data – dropped 2.1 percent year-on-year in January, following the 2.8 percent decrease in December. According to the Department of Statistics, January retail sales edged up 0.5 percent on a seasonally adjusted basis compared to the previous month. The estimated total retail sales value was […]
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Retail Asia29/11/2023
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General

South Korea’s retail sales increase in October

2min0
South Korea’s retail sales increased 6.4 per cent year-on-year in October amid higher demand for food items and daily necessities. The combined sales of 25 major offline and online merchants grew to 15.3 trillion won (US$11.87 billion) during the month from last year’s 14.4 trillion won, Ministry of Trade, Industry and Energy (MOTIE) data showed. […]
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Retail Asia06/11/2023
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General

Singapore retail sales growth softens in September

1min0
Singapore retail sales – excluding motor vehicles – were up only 0.5 percent year-on-year in September, a slowdown compared to the 4 per cent increase in August. According to the Department of Statistics Singapore, the total retail sales value was about US$2.5 billion, down 0.8 percent month over month on a seasonally adjusted basis. Online […]
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Retail Asia02/11/2023
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General

Hong Kong retail surges

3min0
Continued revival of inbound tourism and private consumption helped Hong Kong’s retail sales notch a 10th consecutive month of growth in September, though it was slower than in previous months, official data showed on Wednesday. Sales increased 13 percent year-on-year to $4.06 billion in September, the city government said, but the growth was the slowest […]
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Retail Asia26/10/2023
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General

Vietnam eyes stronger cooperation with US

4min0
Vietnam and the U.S. should further promote the Comprehensive Strategic Partnership more effectively and substantively, focusing on economic cooperation, said Prime Minister Pham Minh Chinh. The PM made the statement at a reception in Hanoi on Wednesday for Chief Economist at the U.S. Department of State Emily Blanchard, who is on a working visit to […]
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Retail Asia21/08/2023
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Research

Automation in Retail: A New Era of Continuous Improvement

9min0
In the ever-evolving landscape of the retail industry, one constant remains: the relentless pursuit of continuous improvement to exceed customer demands. This journey, which aims to enhance operational efficiency, reduce waste, and elevate customer satisfaction, has historically been fraught with challenges. However, an impactful collaboration, stemming from automation, is positioned to transform the continuous improvement […]
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Retail Asia17/08/2023
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General

Central Retail posts growth in revenue, profit

1min0
Its net profit stood at THB2.31b during the quarter. Central Retail Corporation (CRC) reported its net profit grew by more than 75% year-on-year to THB2.31b in the first quarter. Over the same period, the company’s total revenue went up by 12% to THB63.2b. “The company achieved a 30% sales growth in the fashion category, 9% […]
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Retail Asia07/08/2023
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General

Singapore records minor retail sales growth in June

2min0
Singapore retail sales (excluding motor vehicles) grew by 2.5 per cent to SG$3.4 billion (US$2.5 billion) in June, following May’s 1.7 per cent increase. The country’s seasonally adjusted retail sales were up 0.2 per cent month over month, data from the Department of Statistics Singapore shows. Online retail sales accounted for 14.3 per cent of […]
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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 Asia16/06/2023
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E-Tailing

Alibaba aims to expand local business in Europe

3min0
Alibaba Group will make Europe top priority as it focuses on building local businesses and online platforms outside China, the president of the e-commerce giant said on Thursday. “What we will focus more for the future is to build local businesses, so you will see something called TMall which we have in China become TMall […]
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Retail Asia09/05/2023
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General

Newly registered enterprises in Laos increases sharply

2min0
In 2022, Laos had a total of 18,076 newly registered enterprises, with a total registered capital of about US$7.5 billion, an increase of 42.94% compared to 2021, statistics of the country’s Ministry of Industry and Trade revealed. The positive signals from the business registration situation in 2022 have proved Laos’s determination in bringing the economy […]
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Retail Asia24/04/2023
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General

Vincom Retail profits nearly triple in Q1

1min0
Mall operator Vincom Retail has reported after-tax profits of VND1.02 trillion (US$43.4 million) for the first quarter, a 2.7-fold rise year-on-year, amid a recovery in consumption. It was 23% up quarter-on-quarter, the company’s consolidated financial statements showed. Vincom Retail reported revenues of VND1.94 trillion in the first quarter, an increase of 42%, with its mall […]
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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 Asia26/03/2023
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Real Estate

Landmark Unified Commerce Benchmark for Specialty Retail Released

7min0
Manhattan Associates Inc., in partnership with Google Cloud and Zebra Technologies, has released the findings of the industry’s first real-world analysis of Unified Commerce in specialty retail. The Unified Commerce Benchmark for Specialty Retail, conducted by Incisiv, assessed 124 retailers across 11 specialty retail segments on the implementation of 286 key attributes of Unified Commerce. […]
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