retailnews

Retail Asia10/07/2019

Global analysis firm ABI Research has found that the global Warehouse Management System (WMS) market will be worth US$5 billion by 2025, growing at a CAGR of 13.9 per cent. The period will see a warehouse boom with some 57,000 more distribution centres in operation by then than last year. The continued growth of the […]

Retail Asia29/05/2019

The unprecedented extension of the Japanese Golden Week holiday to 10 days has seen a surge in tourists visiting South Korea. The holiday was extended to mark the enthronement of Crown Prince Naruhito from the usual April 29 to May 5 period. Duty free businesses saw big jumps in sales during the period compared to […]

Retail Asia28/05/2019

Indonesian retail sales grew by 10.1 percent in March following a 9.1 percent increase in February, according to central bank survey data. The strong March performance was underpinned by sales of apparel along with automotive parts and accessories. However, the bank’s survey predicted that Indonesian retail sales growth will rise by a more modest 5.7 […]

Retail Asia27/05/2019

Fresh from a US$20 million funding injection, omnichannel-solutions startup CitiXsys plans to open six offices across Asia, eyeing region-wide expansion. CitiXsys’ new offices will be located in Singapore, Jakarta, Ho Chi Minh City, Manila, Bangkok, and Kuala Lumpur. “Southeast Asia offers an ideal business climate today, with massive opportunity in this important region,” said Kamal […]

Retail Asia23/05/2019

Hong Kong retail sales in March slipped by a negligible 0.2 percent, a slower decline than the 1.6 percent of January and February combined. But figures from the Census and Statistics Department show first-quarter retail sales were still down 1.2 percent year on year. After netting out the effect of price changes over the same […]

Retail Asia20/05/2019

Suning.com’s first-quarter online sales soared 40.87 per cent as the company’s smart-retail strategy continues to drive the rapid growth. Operating income of RMB 62.2 billion (US$9.2 billion), represented a 25.44 per cent increase on the same period last year. First-quarter net profit was RMB 136 million. In a statement, Suning.com said during the first quarter […]

Retail Asia16/05/2019

Sephora Hong Kong has confirmed not one, but eight stores in its return to brick-and-mortar retailing in the territory – but shoppers will have to wait until August for the first outlet to open. As previously reported, the LVMH-owned chain will open a 4200sqft store in IFC Mall after a 10-year absence from the city. In […]

Retail Asia09/05/2019

Mounting losses in the South Korean e-commerce industry are calling local business models into question. Competitive pricing and fast delivery capacities have made the industry an ascendant phenomenon in the territory, with the purchase of a whole spectrum of consumables now possible via mobile phone. The industry hit a record high of KRW111.8 trillion (US$98.4 […]

Retail Asia03/05/2019

Elimination of many tariff lines for goods under the CPTPP has helped Vietnam’s exports to Japan increase sharply in the first quarter of this year, according to the General Department of Customs. Vietnam’s export value to Japan in the first quarter surged 6.7 per cent year on year to US$4.6 billion, the general department said. […]

Retail Asia07/11/2017

Hong Kong retail sales rose at their fastest rate in more than 30 months in September, underlining the industry’s steady recovery. The Census and Statistics Department (C&SD) estimated retail sales totalled HK$35.7 billion during the month, up 5.6 per cent on the same month last year. That follows a revised estimate of August’s sales increase […]

Retail Asia21/11/2016

The Hong Kong Monetary Authority (HKMA) said on Friday that it had granted stored value facilities (SVF) licences to eight more issuers including Paypal Hong Kong Limited, bringing the total to 13. “We are pleased to see companies with diverse backgrounds offering a variety of SVF products which will enhance retail payment convenience in Hong […]

Retail Asia29/07/2015

Hikomitsu-Noji-left-Senior-representative-of-YOKOHAMA-Rubber-Company-middle-Osamu-Mikami-right-1024x682.jpg

Yokohama Rubber Co. Ltd. is gearing up to participate in the new Gaikindo Indonesia International Auto Show 2015. The event is scheduled for Aug. 20‒30 in South Tangerang, in Indonesia’s BSD City. Yokohama said it will be represented at the show by its Indonesian sales agent, PT Yhi Indonesia, which twice previously represented the tire […]

Tag: retailnews

E-commerce explosion driving worldwide warehouse Expansion

South Korean retail sales surged during Holidays

Indonesian Retail Sales Down Last Month

Omnichannel startup CitiXsys Opening Offices

Little Dip in Hong Kong Retail Sales Last Month

Suning.com’s Online Sales Soars

Sephora Hong Kong plans Eight More Store Openings

South Korean E-Commerce Under Pressure

Vietnam’s exports to Japan increase rapidly in Q1

Healthy jump in Hong Kong retail sales

HKMA grants stored value licences to eight more issuers including PayPal

Yokohama at new Indonesia auto show