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Tag: spending

Retail Asia26/12/2018
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Food

Starbucks opens immersive coffee destination in New York

6min0
“We designed the Roastery as the pinnacle experience around all-things-coffee, and there is nothing else like it in the world. With premium coffees, teas, mixology and the iconic Milanese Princi Bakery, it serves as a Starbucks brand amplifier and a platform for future innovation,” said Kevin Johnson, CEO, Starbucks. “Beverages such as Draft Nitro, Cold Foam […]
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Retail Asia24/12/2018
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Living

7-Eleven Malaysia eyes 200 new stores next year

3min0
7-Eleven Malaysia Holdings Bhd is looking to expand the number of the convenience store chain outlets by at least 200 new stores next year. In 2017, 7-Eleven Malaysia opened 126 new stores. Berjaya Corp founder and executive chairman Tan Sri Vincent Tan Chee Yioun said 7-Eleven Malaysia is also looking at increasing the number of […]
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Retail Asia21/12/2018
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Food

Cafe Leitz opens in Raffles Hotel Singapore

1min0
German photography brand Leica has reopened at Raffles Hotel with a line of wristwatches and a cafe. The opening debuts Leica’s Cafe Leitz in Singapore, based on its German flagship and serving a variety of coffees and petit fours. The store, launched on the site of the brand’s original Singapore location, features a new experiential […]
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Retail Asia18/12/2018
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Food

Luckin Coffee worth $2.2 billion in quite short time

2min0
Fast-growing Chinese cafe chain Luckin Coffee has raised US$200 million in its latest funding round, effectively valuing the company at a stunning $2.2 billion. That’s up to $700 million more than its value was estimated just one month ago when the quest for funding was announced. Launched only in January, the company had already opened more […]
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Retail Asia17/12/2018
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Living

Party supplies sales surge in South Korea

2min0
Demand for party supplies from South Korean retailers is soaring as a growing number of people prefer to host end-of-year celebrations at home instead of going out. According to E-Mart, wine and cake sales at six stores in Daegu last month soared 18.9 per cent and 16.1 per cent, respectively, year on year. Frozen foods […]
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Retail Asia17/12/2018
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Food

Deliveroo is opening first restaurant in Hong Kong

6min0
A Deliveroo restaurant has opened in Hong Kong in a trial which, if successful, could see its own-branded eateries opened globally. Called Deliveroo Food Market, the outlet will serve as both a kitchen for delivering online orders, and a customer-facing storefront where diners can choose between 15 dining concepts. The 1500sqft kitchen which cost HK$7.5 […]
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Retail Asia17/12/2018
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Electronics

Samsung is No. 1 in world for R&D spending

3min0
Samsung Electronics was the No. 1 investor in R&D in the world this year, according a report from the European Commission. The annual R&D Investment Scoreboard report released by the commission analyzes R&D indicators of top companies in the world, based on their most recent accounts and annual reports. The 2018 report studied 2,500 companies […]
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Retail Asia17/12/2018
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General

October Singapore retail sales static

2min0
October Singapore retail sales inched up by 0.5 per cent year on year, after excluding motor vehicle sales from the data. Month-on-month they fell by 2.1 per cent, reaching S$3.7 billion (US$2.69 billion). Online retail sales breached the 5 per cent threshold of total retail sales at 5.3 per cent for October. By category, sales […]
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Retail Asia13/12/2018
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Food

Pezzo Pizza debuts in Brunei

1min0
International pizza franchise Pezzo has launched in Brunei Darussalam. The brand, operating under Satami Group of Companies, features a “Grab & Go” kiosk serving pizza by the slice for immediate purchase, and a “mix and match” pizza purchase option, whereby customers can collate their own pizza out of 12 different flavours. The brand stakes its […]
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Retail Asia11/12/2018
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Living

Which tourists spend the most overseas?

2min3
Overseas spending by South Korean tourists ranks among the top of advanced economies, research data showed on December 5. Figures provided by the Korea Economic Research Institute, affiliated with the Federation of Korean Industries, put the proportion for South Korea at minus 1.9 percent in 2016, ranking it the fifth highest among 32 member states of the […]
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Retail Asia07/12/2018
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Real Estate

Central i-City to open on Jan 12

2min0
Central i-City is scheduled to open on January 12 as the largest shopping mall in Selangor’s state capital of Shah Alam, Malaysia. A joint venture between Thai retail property developer CPN Ventures and Malaysian developer I-City Properties, the 940,000sqft mall was constructed on an investment of RM850 million (US$204 million) and features 350 lettable stores, […]
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Retail Asia06/12/2018
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Food

Zomato India to expand food delivery business to 100 cities

1min0
Online restaurant guide and food ordering firm Zomato on Friday said it is expanding food delivery services to 100 cities over the next week. The company’s food delivery services are currently present across 93 cities and lists over 75,000 restaurants on the platform, Zomato said in a statement. “… the food delivery business is ramping up really […]
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Retail Asia05/12/2018
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General

October retail sales tide in Hong Kong turns up

3min0
October retail sales in Hong Kong rose by 5.9 per cent year on year, more than double the pace of September, which was affected by Typhoon Mangkhut. A government spokesman indicated that growth in retail sales picked up somewhat in October after a deceleration in the preceding month, supported by the faster increase in visitor arrivals and […]
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Retail Asia03/12/2018
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Food

Niche market of coffee lover in Korea

2min0
South Korea’s cafe market is notoriously crowded pushing some large players to the brink and suffering from price attacks from convenience store operators. Yet niche is still a nice place to be, judging by the experiences of a small Seoul startup. Two young entrepreneurs have shared their vision of launching a coffee franchise called That […]
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