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Tag: Retail

Retail Asia17/08/2015
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Real Estate

Gucci tangles with Hong Kong landlords

3min
Retailers such as Burberry Group Plc, Kering SA and Chow Tai Fook Jewellery Group Ltd. are pushing landlords to lower rents on existing properties as luxury brands scale back on declining traffic. Commercial rents have dropped the most this year since 2009 amid plummeting sales. Hong Kong’s Russell Street in Causeway Bay used to boast […]
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Retail Asia17/08/2015
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General

Singapore economy grows by 1.8% in Q2

3min
Singapore’s Ministry of Trade and Industry (MTI) announced on Tuesday that the Singapore economy grew by 1.8 per cent on a year-on-year basis in the second quarter, slower than the 2.8 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 4.0 per cent, a reversal from the […]
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Retail Asia17/08/2015
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General

Mood darkens for trade in China

5min
The business sentiment of Korean companies in China has worsened in the second quarter – particularly in the automotive and electronics sectors – mainly due to the slowdown in overall consumption in the Chinese market on the heels of a wobbling stock market. It was the second straight quarter that the business sentiment index remained […]
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Retail Asia15/08/2015
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Food

Tony Roma’s Indonesia enters Surabaya

2min
Romacorp, US parent of Tony Roma’s, has opened its first restaurant in Surabaya, Indonesia. The restaurant opened on Kupang Indah St –  locally known as the “restaurant street” – a popular destination for locals and tourists in Indonesia’s second biggest city. With three Tony Roma’s Indonesia restaurants in Jakarta and one each in Tangerang and Bali, […]
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Retail Asia15/08/2015
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General

Indonesia retail sales surge in June

1min
Indonesia’s retailers appear to be among Asia’s most pessimistic. One month ago after government data showed a 19.8 per cent rise in May retail sales, the 700 retailers polled to create the index said they expected sales growth would slow in June. This week, the government has released revised figures showing a 20.6 per cent […]
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Retail Asia15/08/2015
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General

Korean retail sales recover post MERS

1min
Korean retail sales are returning to normal as the impact of the MERS outbreak fades. Data released by South Korea’s finance ministry shows combined sales at department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co rose 0.9 per cent in July, year on year. That contrasts with a drop of 11.9 per […]
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Retail Asia15/08/2015
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E-Tailing

Alibaba invests in bricks and mortar

1min
Chinese internet giant, Alibaba, will pay 28.3 billion yuan ($A6.21 billion) for a nearly 20 per cent stake in consumer electronics retailer, Suning. At the same time, the Chinese shopping chain will invest up to 14 billion yuan for just over one per cent of Alibaba, the companies said on Monday. The total value of the […]
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Retail Asia14/08/2015
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Real Estate

Aeon Cambodia to build second mall

2min
Japan’s Aeon is to build a second shopping mall in Cambodia’s capital city Phnom Penh. The news was revealed on the first birthday of Aeon’s first Cambodia mall, which it says has attracted 15 million visitors. The new mall will be built about 10km north of Phnom Penh’s CBD in the Pong Peay City, a […]
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Retail Asia14/08/2015
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E-Tailing

Korea’s GearX finds favour online

2min
Korean underwear brand GearX says sales of its functional sportswear online is booming – especially in Japan, China, Southeast Asia and America. While not revealing actual sales figures the company says its online mall is succeeding because the brand is building popularity by maintaining reasonable prices for products that boast excellent functions, “contrary to a […]
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Retail Asia14/08/2015
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Food

Coca Cola’s China rise

9min
Coca-Cola has been a symbol of Western commercialism since its founding in the late 19th century, with one of the world’s most highly recognizable logos. Forty years ago, it was unthinkable that Coca-Cola would ever be available in what is now one of the brand’s biggest markets: Communist China. The story of its entry into […]
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Retail Asia14/08/2015
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Food

Max’s Group takes Yellow Cab Pizza to UAE

1min
Philippines-based Max’s Group is to launch its Yellow Cab Pizza chain in the UAE after signing a partnership with Cartoon Fashion Group. Cartoon will open 10 Yellow Cab outlets in the UAE over the next five years. IT’s the second overseas market for the Filipino brand, following six stores in Qatar. Yellow Cab specialises in […]
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Retail Asia14/08/2015
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E-Tailing

Vipshop doubles income

2min
Chinese online discounter Vipshop Holdings has doubled its profit in the second quarter to June 30. It reported total net revenue soared 77.6 per cent to US$1.5 billion, its gross profit by 78.6 per cent to $360 million and its income by 192.5 per cent to $70.6 million. Chairman and CEO Eric Shen said the […]
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Retail Asia14/08/2015
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Fashion

Seiko Japan opens ‘Premium Boutique’

2min
Seiko Japan has opened a world first “Seiko Premium Boutique” in Tokyo. The new store is the first shop to carry Seiko’s three luxury brands exclusively: Grand Seiko, Credor and Galante. It is located in the high-end Ginza shopping district. Wang Leehom, a famous Chinese-American singer and actor who has been Seiko’s brand ambassador in […]
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Retail Asia14/08/2015
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General

Dairy Farm buys more Yonghui shares

2min
Dairy Farm International has agreed to acquire a further 143 million shares in a placement by Yonghui Superstores for about US$210 million. The investment by DFCL is being made in conjunction with JD.com acquiring a 10 per cent interest for consideration of about US$700 million and protects Dairy Farm’s existing 19.99 per cent stake. Zhang […]
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Retail Asia14/08/2015
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Fashion

After 165 years, Lane Crawford looks forwards

6min
To mark its 165th birthday, luxury department store Lane Crawford invited its community of leading and emerging brands and creative talents to share their vision of the future. Their perspectives are transformed into a series of exclusive designs, capsule collections, artistic installations and uniquely curated product showcases that engage customers to imagine what the future […]
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Retail Asia13/08/2015
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E-Tailing

Alibaba counterfeit guide launched

4min
Alibaba Group has launched an English-language version of its online system for reporting intellectual property (IP) infringements that occur on its giant Chinese e-shopping marketplaces Taobao.com and Tmall.com. The system, called TaoProtect, is designed to make it easier for companies to report merchants who are selling counterfeit products on the Taobao and Tmall platforms, facilitating […]
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Retail Asia13/08/2015
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Fashion

Hong Kong police seize 30,000 fake bags

2min
Hong Kong police and customs officers have made the biggest seizure of counterfeit bags and accessories in a decade. The authorities say they netted 30,000 bags in a two day operation on July 28 and 29, details of which have only just been revealed. Customs and police say they successfully smashed a syndicate suspected of […]
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