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Retail Asia19/10/2016

Footwear and apparel brand Timberland Asia has partnered SP eCommerce, a Singapore Post company, to launch its official eCommerce store for the Southeast Asian region. The Singapore-based online store uses SP eCommerce’s security, management, digital marketing, store operations and customer-care technology. Order fulfillment is being handled across Singapore through SingPost’s last-mile distribution network. This gives […]

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Retail Asia18/09/2016

Singapore Post Limited (SingPost) introduced Singapore’s first islandwide open parcel locker service: Rent-a-POP, an exciting new service for POPStation. Retailers and consumers can now rent a POPStation locker to deliver their parcels conveniently 24/7. The SingPost service provides an innovative last mile delivery option to blogshop owners, marketplace sellers and consumers. Currently, there are limited […]

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Retail Asia05/09/2016

Southeast Asia eCommerce revenues are projected to exceed US$25 billion by 2020, according to new research by growth partnership company Frost & Sullivan. Despite acquisitions, market exits and many online retailers struggling to achieve profitability, the market earned $11 billion last year, says the report, from its Telecommunications and Digital Services program, Analysis of the […]

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Retail Asia18/08/2016

Beauty retailer The Luxasia Group has appointed former SingPost CEO Dr Wolfgang Baier as group CEO, while founder/owner Patrick Chong has become chairman. “Luxasia is now at an important crossroads,” says Chong. “We intend to grow with our international partners and strengthen our core competencies to become the leading Asia consumer-centric omnichannel go-to-market partner of […]

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Retail Asia09/08/2016

SingPost eCommerce delivered soaring sales growth – and expenses – in the last quarter. Revenue in the three months to June 30 grew a robust 30.9 per cent to S$333.4 million, buoyed by continued expansion of cross-border eCommerce-related activities, and the inclusion of contributions from new subsidiaries. But net profit attributable to equity holders declined […]

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Retail Asia24/05/2016

Singapore Post Limited is a postal and logistics services company. Its business is currently organised into three major segments: Mail, Logistics, and Retail & eCommerce. Here are three things about the company investors may want to know: 1. Latest results Singapore Post had released its fourth-quarter and full-year results just last week. For the fiscal year […]

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Retail Asia03/05/2016

LF Logistics has opened a 1-million-square-foot logistics facility in Singapore, the largest automated and customs bonded distribution warehouse in the city state that will target surging e-commerce growth in Asia. The nine-story center is located in West Jurong and is the company’s largest distribution facility in Southeast Asia, able to store up to 130,000 pallets […]

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Retail Asia31/03/2016

Despite signs of a slowdown of imports into China, Singapore Post (SingPost) remains bullish on the prospects for e-commerce flows into Asia’s largest economy. The postal agency has upped its stake in Shenzhen-based e-commerce provider 4PX Information Technology. SingPost forked out US$25.6 million to acquire an additional 17.91% position in 4PX, one of China’s top […]

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Retail Asia24/02/2016

Singapore Post (SingPost) has sold off part of its stake in GD Express (GDEX) for S$78.4 million (US$55.88 million) and will use the proceeds to drive global growth for its eCommerce logistics. This is a net gain of S$64 million – about five times return on the initial investment. Yamato Asia, a wholly owned subsidiary […]

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Retail Asia23/01/2016

Here’s how bad it is in Southeast Asia’s retail industry for sellers. They are paying more to borrow money to keep their business going than consumers do to keep buying from them. Courts Asia Ltd., which offers shoppers zero percent long-term credit on higher-end products, has seen its Singapore dollar bond yields rise 28 basis […]

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Retail Asia23/01/2016

It plans to further widen its US logistics footprint. The Postman is putting its eCommerce business on laser focus as it integrates its logistics limbs TradeGlobal and Jagged Peak to further expand its eCommerce logistics footprint in the US, the largest retail market in the world. According to a press release by Singapore Post, the […]

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Retail Asia05/11/2015

Postal services firm Singapore Post (SingPost) yesterday reported a 38.5 per cent surge in net profit for its fiscal second quarter, boosted by divestment gains and continued growth in its logistics and e-commerce businesses. Net profit amounted to S$53.4 million for the three months ended Sept 30, up from S$38.6 million in the corresponding period […]

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Retail Asia05/11/2015

Singapore Post will build a $150 million shopping mall that offers a “complete suite” of e-commerce logistics solutions, the first of its kind in Singapore. The new retail mall at Singapore Post Centre (SPC) will boast 269,097.8 sf of retail space and it will be located next to the Paya Lebar MRT station. Construction works […]

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Retail Asia30/10/2015

Construction is now underway for Singapore’s first shopping mall that offers e-commerce logistics solutions as well. Scheduled to be completed in mid-2017, the new retail mall will be located at the prent open concourse in front of the SPC, located next to Paya Lebar MRT station. The project’s developer, Singapore Post Limited (SingPost), said it […]

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Retail Asia17/10/2015

SingPost, Singapore’s national postal service, is continuing to build its international portfolio of eCommerce businesses, now adding US-based Jagged Peak to the lineup. The company says the purchase continues its “aspirations of building an end-to-end eCommerce logistics network and technology platform”. Wholly owned subsidiary, SP Jagged Peak LLC, has entered into an agreement to acquire […]

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Retail Asia05/09/2015

SingPost has revealed investments in two Hong Kong companies as it continues its aggregation of interests in eCommerce and logistics businesses in the broader Asian region. SingPost subsidiary Quantium Solutions Holdings has spent HK$8 million (about $1.5 million) acquiring 1 million new shares in E Link Station, representing about 50 per cent of the business. […]

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Retail Asia03/08/2015

A firm focus on serving the booming eCommerce market has helped Singapore’s national postal service achieve a record first quarter profit. SingPost on Wednesday says in made S$46.6 million net profit in the first three months as its eCommerce strategy paid dividends. Its performance comes in an era when postal services internationally are struggling to […]

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Retail Asia09/07/2015

Alibaba Group has agreed to take a larger stake in Singapore Post and invest in a subsidiary of the publicly traded post office to strengthen their joint development of eCommerce logistics services in the Asia Pacific region. The deal, announced today, calls for Alibaba Group to buy an additional five per cent of SingPost shares […]

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Retail Asia28/05/2015

When a German lingerie model needed to promote bras on-line in Malaysia, it turned to Singapore’s almost 200-year-old nationwide postal service. Singapore Publish constructed an internet site, developed a advertising technique and now delivers packages for the corporate, Triumph Worldwide. The customer support group even solutions questions on sizing. As postage stamps give solution to […]

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Retail Asia26/05/2015

SingPost’s intelligent embracement of the web buying revolution is a case research different nationwide postal providers all over the world ought to take discover of. Final week, SingPost opened its 100th POPStation – a parcel supply and assortment service which has minimize the supply time of on-line purchases by as a lot as a day, […]

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