The broad sweep of Asian retail: chains, consumers, policy and the deals that move the market.
Snapdeal has become the first e-commerce company in India to enter the best employers’ club. The latest survey by Great Place To Work Institute India, in partnership with Retailers Association of India, has put the New Delhi-based firm among the top 10…
Consumer confidence in Singapore fell in February, mainly due to Singaporeans’ reduced confidence about their personal finances over the next 12 months. This is according to a consumer confidence index by ANZ-Roy Morgan which fell 2.1 percentage points (ppts)…
Retail and brand consultancy Fitch has named two senior executive appointments in Asia. Ian Bellhouse has been appointed regional CEO for Asia Pacific and Greater China, reporting into Worldwide CEO Simon Bolton. With more than 20 years at Fitch, Bellhouse…
Gold shops in HCM City are stocking many kinds of original products and hope to make big profits on them during Tet. Gold traders expect the demand for gold products to be particularly high on the 10th day of the new year, which is the birthday of the God of…
Traditional Thai retail businesses are expected to stay afloat, but their market share is likely to drop over the next five years as e-commerce proliferates.
The Thai economy may not have fully recovered, but a survey shows locals still plan to celebrate Valentine’s Day on Saturday, the same as lovebirds scattered around the world. This year Thais are likely to be more cautious with their spending, said Thanavath…
Thailand plans to reintroduce its initiative to cut consumer prices after the seven-day campaign last 24-30 Dec as part of a New Year gift to the public proved a great success. The new campaign could be held in May and might be extended to 10 days, Commerce…
Fernando Ciccarelli has been named the new senior VP and MD of Tumi Asia. Ciccarelli joins the luxury travel luggage retailer after a decade and a half with Coach, Inc. “I have always admired Tumi’s focus on constant innovation, intelligent design and…
Parkson Retail Asia has reported a 24.6 per cent slump in net profit – largely attributed to new store establishment costs. The Singapore-based department store operator has reported a second quarter trading profit of S$10.23 million. The company’s biggest…
he streets of the Pacific Northwest’s biggest city were eerily deserted on Super Bowl Sunday. It appeared that the populace was more asleep than ‘sleepless in Seattle’. First impressions were deceiving though, as off the streets things were positively…
Korea’s department stores suffered their worst sales drop in history in January. According to preliminary government data, sales fell 9.7 per cent year-on-year, the worst figure since record taking commenced in 2005. January marked the fifth consecutive…
There’s still “work to be done” to eradicate fake goods on its e-commerce platform, Alibaba Group Chairman Jack Ma has told the head of the Chinese quality watchdog, as he vowed to devote further efforts to the issue. Lees ook: BEI of Jayapura office opens…
Alibaba’s surprise investment in smartphone maker Meizu will secure a technology development stream the online giant could never have hoped to create on its own. Alibaba this week announced it would pay US$590 million for a minority stake in Meizu Technology…
Indonesia retail sales slowed to an ambulatory 4.3 per cent in December. That’s well down on the 11.4 per cent of November, a figure revised down from an early projection of 14.1 per cent by the Bank of Indonesia. The bank said the year-on-year growth rate…
Tesco may well be a recognised brand name globally, but it doesn’t wash with Chinese consumers. Last year, Tesco sold a majority stake in its China retail business to local retailer China Resources Enterprises. This month, China Resources has revealed it is…
La Liga football league champions Atletico Madrid are set to cash in on growing Chinese fascination of European football by opening a retail store network in China. Atletico Madrid will open 200 retail outlets in China, according to Chinese news agency…
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Read by retail operators, investors and brand teams across Asia.