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Tag: Retailers

Retail Asia06/01/2023
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Fashion

Dr Martens shuts all stores in the Philippines

2min0
German-founded British footwear and apparel brand, Dr Martens, has closed all of its physical stores in the Philippines. The brand announced on social media that it closed all of its remaining four stores in Glorietta 4, SM Mall of Asia, SM Megamall, and Manila Bay by the end of last month. However, Dr Martens did […]
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Retail Asia02/01/2023
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General

Exports to China no longer subject to Covid testing

3min0
Vietnamese exports to China will no longer be subject to Covid testing from January 8th, the Ministry of Industry and Trade has announced. The ministry urged localities and businesses to update goods clearance processes at border gates in order to streamline trade according to the new easing of restrictions. The government has asked major agricultural […]
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Retail Asia05/12/2022
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E-Tailing

E-commerce giant Carousell lays off 110 staff

3min0
Carousell, a Singaporean consumer-to-consumer (C2C) service platform operating across Southeast Asia, is letting go of about 110 employees, or 10% of its total headcount, to reduce costs amid a challenging market condition for the tech industry.  The announcement came from the company’s blog on Thursday, posted by co-founder and CEO of Carousell Siu Rui Quek, saying, “I […]
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Retail Asia01/12/2022
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General

Trade surplus at $10.6B for 2022

1min0
The trade surplus was US$0.78 billion in November, which took the year’s figure to $10.6 billion, the General Statistics Office said Tuesday. The surplus in the same period last year was $0.6 billion. But exports fell in November by 8.4% to $29.18 billion, which took the full-year figure to $342.21 billion. The U.S. has been […]
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Retail Asia17/10/2022
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General

Ikano Retail posts record revenue growth

2min0
Ikano Retail has recorded its highest turnover yet for the financial year to August 31, reaching US$1 billion across the five markets in which it operates Ikea stores – Malaysia, Singapore, Thailand, the Philippines and Mexico, equivalent to 41.2 per cent year-on-year growth. The increased sales were driven by the return of visitors to physical […]
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Retail Asia03/10/2022
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General

Hong Kong retail sales growth stalls

2min0
Hong Kong retail sales growth stalled in August, down 0.1 percent yearly, following a revised estimated increase of 4.1 percent in July. According to the Census and Statistics Department, August’s figures were impacted by a high base compared to a year ago, but for the first eight months of the calendar year, sales are down […]
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Retail Asia26/09/2022
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General

Vietnam, Cambodia trade climbs to record level

1min0
Trade between Vietnam and Cambodia reached a record US$7.7 billion in the first eight months of the year. Vietnam’s exports rose by 32% year-on-year to $4.1 billion, as the country turned last year’s deficit into a surplus, according to its customs department. The most significant item was iron and steel, accounting for 17% of the […]
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Retail Asia06/09/2022
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General

Singapore retail sales continue to recover

2min0
Singapore retail sales continued their rebound in July, rising 18.1 per cent year on year, excluding motor vehicles. That followed a 19.9 per cent increase in June, both months reflecting the low base of a year earlier when Covid restrictions on border crossings and retail trading impacted shopping. The fastest-growing category was apparel and footwear […]
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Retail Asia29/08/2022
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Finance

Singapore Considers More Tightening for Retail Crypto

2min0
The Monetary Authority Singapore is reeling back on retail access to cryptocurrencies with the latest consideration for more curbs. The MAS is considering tightening crypto rules for retail investors by «adding friction» to mass access, according to managing director Ravi Menon in a speech published online. This includes the possible addition of suitability tests as […]
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Retail Asia15/07/2022
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Research

Understanding Modern Retail Through the Gen Z Filter

8min0
Over the past decade retailers faced the challenge of managing their own digital transformation, while simultaneously scrambling to serve the needs of a younger and increasingly online-savvy audience – generally accepted as being digitally native. Today, brands are additionally tested to plan and accommodate for the increasing buying power of the emerging 11-24 age group […]
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Retail Asia15/06/2022
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Fashion

Shopee culls staff across SE Asia, Europe

3min0
Sea Group’s e-commerce arm Shopee is laying off staff across multiple markets as it seeks to rationalize its e-commerce business, DealStreetAsia has learned. The layoffs have affected employees across several of the company’s Southeast Asian markets including Indonesia, Thailand and Vietnam, sources told DealStreetAsia. The company is said to have emailed employees affected by the […]
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Retail Asia17/05/2022
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Fashion

Owndays launches premium concept store in Singapore

3min0
Japanese fast fashion eyewear brand, OWNDAYS, is pleased to announce the opening of a new store at Takashimaya S.C., Ngee Ann City. This will be the brand’s second premium concept store in the world and its 33rd store in Singapore. The new store will open to public on 20 May 2022 and will house a collection of made-in-Japan eyewear and […]
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Retail Asia09/05/2022
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Research

Reimagining the Customer Experience for New Breed of Shoppers

7min0
Retailers across the APAC region have had to quickly adapt to changing operating conditions over the previous two years, leading to many adopting new technologies and solutions to better serve customers across whichever touchpoints or platforms they prefer. As learned pandemic behaviours become the default setting for millions of consumers across the region, brands will […]
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Retail Asia06/04/2022
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General

Miniso eyes Hong Kong stock market listing

3min0
Miniso Group Holding, the New York-listed Chinese household and consumer goods retailer, is planning a second listing in Hong Kong, joining an increasing number of US-listed mainland companies seeking a listing closer to home. The retailer submitted its application to Hong Kong stock exchange on Thursday, according to the bourse’s website. The Guangzhou-based company is […]
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Retail Asia31/03/2022
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General

South Korea’s retail sales rebounded in February

2min0
Sales at South Korea’s top department stores rebounded sharply in February from the previous month, government estimates showed on Tuesday, reflecting this year’s change of timing for the Lunar New Year holiday. Combined sales last month at department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co rose 7.1 percent from a year […]
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