retailproblems

Retail Asia11/06/2019

Economy-wide spending remained stable in April, apparently unaffected by the election period, according to the Commonwealth Bank’s latest Business Sales Indicator (BSI). Spending rose 0.5 per cent in trend terms in April, after gains of 0.6 per cent in both February and March, and a 0.5 per cent increase in January. Annual trend sales growth […]

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 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 Asia15/05/2019

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Supermarket retailer Walmart has launched a new technology called Intelligent Retail Lab (IRL) that allows it to monitor its physical stores more efficiently and keep costs under control. The retail giant is testing this new technology, which includes artificial intelligence-enabled cameras, interactive displays and a massive data centre, in its 50,000-square-foot neighborhood market grocery store […]

Retail Asia15/05/2019

The retail climate in Australia has long been a concern, but could there be a secret sauce to help brands reclaim valuable real estate in the minds of their consumers? Let’s face it — which brand doesn’t want to be like Nike? Its mass market, appeal and unique ability to stay relevant throughout its 50-year […]

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 Asia09/05/2019

Asians have emerged as the most enthusiastic adopters of new and innovative technology products globally. The latest findings released by GfK from the first of its kind study—the New Tech Adoption Index (NTAI)1, highlights Asia’s prominence in driving global new technology advancement; with the region’s high demand fueling growth of overall product category in majority […]

Retail Asia06/05/2019

Giordano sales in Greater China plunged by 17.7 per cent during the first quarter, dragging group-wide sales down by 10.8 per cent, or 8.5 per cent on a constant currency basis. In a stock exchange filing on the eve of the holiday weekend the casual apparel retailer blamed the downturn on “uncertainty stemming from the […]

Tag: retailproblems

Retail Sales growth holds steady in April

Omnichannel startup CitiXsys Opening Offices

Sephora Hong Kong plans Eight More Store Openings

Walmart trials new Online Store Format

The new golden rule for retailers to be Succesful

South Korean E-Commerce Under Pressure

Asians show greater propensity amongst global consumers in new technology adoption

Giordano sales down in China