Retail

Don't Miss:

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 Asia20/08/2015

Singapore retail jeweller Soo Kee Group has launched an IPO to raise funds for expansion in Singapore and Malaysia. Soo Kee will sell 112.5 million shares at S$0.30 each, which will raise $33.75 million after expenses. The majority of the shares will be placed with just 9 million available for public offer. Soo Kee’s strategy […]

CONTINUE READING

Retail Asia19/08/2015

Just a year ago, sports retailer Li Ning seemed down for the count, battling to stem the red ink. This week it released its half year results to June 30: Revenue rose 16 per cent and it has finally returned to profit. The once beleaguered Chinese sports brand – which peaked in brand awareness about […]

CONTINUE READING

Retail Asia19/08/2015

Luk Fook Holdings has opened a three-storey Lukfook Jewellery flagship store in Causeway Bay. The group held a ribbon-cutting ceremony for the new store this week, inviting Japanese cartoon character Rilakkuma to join in the celebrations. Wong Wai Sheung, chairman and CEO of Luk Fook said the three storey shop is located in the central […]

CONTINUE READING

Retail Asia19/08/2015

Gokongwei-owned Robinsons Retail Holdings, Inc. is in talks with other global brand owners as it continues to be on the lookout for other retail names it could bring to the Philippines. The company has set aside P6 billion to open up to 300 new stores and bring its current networks of 1,356 stores to 1,600 […]

CONTINUE READING

Retail Asia19/08/2015

German fashion house Hugo Boss will expand its presence in China, key shareholder Gaetano Marzotto said in an interview in newspaper Welt am Sonntag. Despite slowing growth in the world’s second-largest economy, Marzotto told the paper that he saw the potential for higher sales in China. “Up until now China accounts for less than 10 […]

CONTINUE READING

Retail Asia19/08/2015

Gold prices managed to trade above the psychological resistance of $1,100 per Oz on US day session Monday. Platinum for October delivery dropped Dollars (90.49 percent) to close at USD 995.00 per ounce. Spot prices earlier reached a three-week high of $1,126.31, 4.5% above last month’s low. Bullion rose in the previous five days. The […]

CONTINUE READING

Retail Asia19/08/2015

The Department of Tourism (DOT), Philippines has welcomed about 31,245 Indian tourists during the first five months of this year, recording an increase of 27.40 per cent, compared with 24,525 tourist arrivals from India from January to May 2014. The destination also plans to welcome tourists to the Philippine Shopping Festival 2015 which will be […]

CONTINUE READING

Retail Asia19/08/2015

101975739-us-dollar.1910x1000-1024x536.jpg

The dollar was steady on Friday after China’s central bank appeared to have stopped guiding the yuan lower for now, easing concerns that a weaker Chinese currency could derail plans by the US Federal Reserve to raise interest rates. The dollar traded at 124.40 yen, flat from late US levels and above this week’s low […]

CONTINUE READING

Retail Asia19/08/2015

For a long time, Hong Kong people and corporates enjoyed a free ride on the renminbi as the Chinese currency promised steady appreciation and high returns. But the steep devaluation this week has spoilt the party for good, and everyone — be it multinational corporations operating out of IFC 2 or housewives in Ngau Tou […]

CONTINUE READING

Retail Asia18/08/2015

As the brick-versus-click-sales war intensifies, shopping malls in Singapore are plotting aggressive strategies to stay ahead in the game while they continue to battle falling tourist arrivals, the oversupply of retail space and growing competition for consumers’ attention. Their renewed game plans include reshuffling the tenant mix, exploring more flexible leasing terms with tenants, revamping […]

CONTINUE READING

Retail Asia18/08/2015

BIG data and analytics software company Fusionex International Plc will be widening its footprint in South-East Asia by expanding to the Philippines over the next few months, its fourth market in the region. The company, listed on the London Stock Exchange’s Alternative Investment Market (AIM), has a presence in Hong Kong, Macau, the United Kingdom […]

CONTINUE READING

Retail Asia18/08/2015

Swiss luxury timepiece-maker Hublot may be considered a “young” player in a market where its competitors have storied histories. But it has already made its mark. Founded in 1980 by Italian Carlo Crocco (who used to be part of the Binda Group, which makes Breil watches), one of the company’s early successes was a watch […]

CONTINUE READING

Retail Asia18/08/2015

Labels such as Raoul, Ong Shunmugam and Collate The Label are certainly going to give it a try In the heart of an old industrial estate in Toa Payoh North, an immaculately dressed Velda Tan sits in a small office as office workers, aunties wearing tight clothes and construction workers carry on with their lives […]

CONTINUE READING

Retail Asia18/08/2015

Commissary shoppers in South Korea will begin to see cooked poultry products back on shelves by Labor Day. On July 13, the U.S. Department of Agriculture issued a revision to Korea’s embargo to allow heat-treated poultry and poultry products from the U.S. Learning the news, the Defense Commissary Agency quickly placed orders with its U.S. […]

CONTINUE READING

Retail Asia18/08/2015

The yuan devaluation could force Hong Kong’s retail landlords to cut rents as it threatens to erode shopping in the city by tourists from China, say analysts. A weaker yuan means these tourists will now be spending in a more expensive Hong Kong dollar, denting the city’s retail sales even further. “Shopping in Hong Kong […]

CONTINUE READING

Retail Asia18/08/2015

The Hong Kong fund industry saw net sales drop by almost a half in the first six months of 2015, new figures reveal. The Hong Kong Investment Funds Association (HKIFA) published data on Wednesday which cited a sharp fall in funds to $3.71bn (£2.38bn, €3.34bn). Bruno Lee, the chairman of HKIFA, blamed the decrease in […]

CONTINUE READING

Retail Asia18/08/2015

China Jo-Jo Drugstores, Inc., a leading China-based retail and wholesale distributor of pharmaceutical and health care products through its own online and retail pharmacies, today announced financial results for the first quarter ended June 30, 2015. FY 2016 First Quarter Highlights: Revenue increase during the first quarter ended June 30, 2015 was mainly due to […]

CONTINUE READING

Retail Asia17/08/2015

The head of South Korea’s Lotte Group yesterday vowed a new era of corporate governance and transparency as he apologized for the family feud engulfing the beleaguered retail giant. In an address broadcast live on TV, group chairman Shin Dong-bin also sought to deflect growing anti-Japanese sentiment surrounding Lotte, which was founded in Japan, but […]

CONTINUE READING

Retail Asia17/08/2015

One of America’s most iconic fashion retailers is coming to China. A new joint venture agreement between Macy’s Inc. and Hong Kong-based Fung Retailing Limited was signed on Tuesday in Hangzhou to form Macy’s China Limited. The new company will launch an exclusive online flagship store on Alibaba’s Tmall Global in late 2015., providing authentic, […]

CONTINUE READING

Retail Asia17/08/2015

M&G Real Estate has acquired three retail assets in South Korea at a combined value of US$230 million, representing an average yield of 6.5%. The acquisition was made on behalf of its core Asia real estate strategy, managed by Singapore-based Erle Spratt. Under the terms of the deal, M&G Real Estate has acquired two hypermarkets: […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X