Retail

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02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )

Retail Asia25/08/2021

E-commerce player Lazada, which is now majority-owned by Alibaba, is confident that its expertise in Southeast Asian markets can counter the looming threat from Amazon’s much-anticipated entry into the region, a top executive said. Last year, TechCrunch reported that Amazon had planned to launch local e-commerce services in Singapore in the first quarter of 2017. But earlier this […]

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Retail Asia20/08/2021

Now that it’s officially swallowed the lion’s share of online retail sales, Amazon is reportedly eyeing ways to corner our offline shopping, too. The e-commerce giant is drumming up plans to open “several” department-style stores in a handful of cities across the U.S. People familiar with the matter told the paper that these stores would […]

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Retail Asia18/08/2021

Danish jewelry maker Pandora said on Tuesday that a strong performance in the United States spurred rapid sales growth in the second quarter but sales in China fell. Pandora, which aims to strengthen its brand in the world’s two biggest economies, said its total comparable sales in April-June jumped 7 percent compared to the same […]

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Retail Asia17/08/2021

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Victoria’s Secret is expanding its online presence in China with the launch of a flagship store on JD, the e-commerce platform. A representative from JD’s underwear business said the collaboration of the two companies not only expands JD’s cooperation with international fashion brands, but also provides additional choices for JD’s customers pursuing high-quality products. The […]

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Retail Asia09/08/2021

A massive shipping logjam caused by the most devastating frost in decades in Brazil and record freight costs wrought by COVID-19 in top coffee producer Brazil is expected to push retail prices to multi-year highs in the coming weeks. have hope. A rise in coffee prices will further increase the cost of the shopping cart […]

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Retail Asia20/07/2021

Reliance Retail is to buy nearly 41 percent of search and database firm Just Dial for US$468.84 million. Billionaire Mukesh Ambani-owned Reliance Retail will also make an open offer to public shareholders of Just Dial to acquire an additional 26 percent, according to regulatory requirements. Reliance has been on an acquisition spree to ramp up […]

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Retail Asia15/07/2021

According to a study by Georgetown University’s Center on Education and the Workforce, 70% of college students work while studying. Some are forced to do so to take care of their family and bills. In contrast, others do it to get some extra bucks other than pocket money and gain experience. However, they can all […]

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Retail Asia09/07/2021

Indonesia’s Bukalapak launched an up to $1.13 billion IPO ahead of next month’s listing, marking the country’s biggest issue in over a decade amid rising investor appetite for tech stocks in a region boasting a growing consumer class, according to a term sheet seen by Reuters. The e-commerce company, which counts Singapore sovereign investor GIC […]

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Retail Asia06/07/2021

Singapore retail sales (excluding motor vehicles) increased 61.7 percent in May, but the figure was skewed significantly by the low base of the previous year when Covid-related movement orders effectively shut the offline retail sector down for a whole month. Of the total estimated retail sales in May of about SG$2.8 billion, excluding motor vehicles, […]

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Retail Asia01/07/2021

Hong Kong retail sales rose 10.5 percent in May from a year earlier, the fourth consecutive monthly gain, boosted by an easing Covid-19 threat. But the growth lagged pre-pandemic levels as inbound tourism is at a halt and global travel restrictions linger. Sales climbed to HK$29.6 billion (US$3.81 billion), government data showed on Wednesday. That […]

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Retail Asia21/06/2021

HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group, furthering the British lender’s non-Asia retreat. HSBC has agreed to sell its French retail bank to the Paris-based banking group in a deal that includes 244 branches, 3,900 staff alongside 21.5 billion euros ($25.5 billion) in customer loans and 18.9 billion […]

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Retail Asia16/06/2021

South Korean retail giants Lotte Shopping and Shinsegae Group have submitted separate letters of intent for online marketplace eBay Korea, the retailers’ spokesmen confirmed on Monday. It is a deal that will almost certainly shake up the country’s e-commerce retail segment, potentially propelling one of the country’s largest retailers into becoming the leading omnichannel operator in […]

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Retail Asia10/06/2021

Uniqlo opened the doors of its newest large-format store on Friday, in the historic and culturally significant neighborhood of Asakusa. The store follows the concept of “our neighborhood” and aims to support the area’s local businesses, residents, and artisans. With a selling area of more than 21,000 square feet, Uniqlo Asakusa also boasts one of the longest […]

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Retail Asia08/06/2021

South Korean retailers Lotte Shopping and Shinsegae Group entered separate binding bids for eBay’s South Korean business, the retailers’ spokesmen said on Monday. eBay Korea – South Korea’s third-largest e-commerce firm with a 12.8% market share in 2020, according to Euromonitor – is on sale for what eBay hopes could be up to 5 trillion won […]

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Retail Asia03/06/2021

Mercedes-Benz India today introduced its new retail sales model called ‘Retail of the Future’ (ROTF). With this new model, the company plans to promote a ‘direct to customer’ retail approach to creating a more customer-centric brand. To the effect, under this business model, Mercedes-Benz India will own the entire stock of cars, sell them via […]

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Retail Asia20/05/2021

Vincom Retail targets a post-tax profit of VND2.5 trillion this year, up 5 percent from 2020 but lower than in 2019. The mall developer and subsidiary of conglomerate Vingroup eyes revenues of VND9 trillion, up 8 percent from last year but marginally below the 2019 figure. It has set these conservative targets after a challenging […]

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Retail Asia19/05/2021

In its annual Google I/O livestream, Google has just announced a bunch of improvements it is bringing to the search platform (and others), aimed towards improving the experience of both merchants and customers when it comes to shopping online. Google introduces the “Shopping Graph,” a newly developed comprehensive dataset, backed by artificial intelligence, to help shoppers find […]

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Retail Asia18/05/2021

We have all seen the headlines and excess of statistics about the uptick in online shopping over the past year. The global boom in eCommerce is obvious, but what is less clear is the vast impacts the last year will have on traditional retailers in the longer-term as ‘new’ consumer behaviour now becomes the ‘norm’. […]

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Retail Asia17/05/2021

Thai group Central Retail says it achieved 90 percent of its pre-Covid sales performance in the March quarter, the result of what CEO Yol Phokasub described as “thriving on steadily regaining balance” during a time of challenges and uncertainties”. First-quarter sales were down 9.7 percent to US$1.56 billion, however, net profit was down 48.4 percent […]

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Retail Asia13/05/2021

Five peak industry bodies that banded together to oppose Woolworths’ potential acquisition of PFD Food Services have warned the ACCC to maintain a focus on the grocery group’s “track record of anti-competitive behavior”. The group partnered in February to block the acquisition, stating it would grant the company inordinate influence over the food sector in Australia. […]

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