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Reported across 14 sectors and every major Asian market — deals, openings, results and people moves, seven days a week.
Chinese sports brand 361 Degrees International has defied China’s sportswear glut and posted a nine per cent increase in sales and a 105.6 per cent increase in profit for 2014. 361 Degrees is one of the leading sports brand enterprises in China, designing,…
Reported retail sales in South Korea’s largest department stores rebounded in February from the dismal January figures. Analysts say the turnaround is related to the later timing of Lunar New Year in 2105 – the same reason given last week for a 14 per cent…
Alibaba Group Holding Ltd appointed Jeff Zhang to oversee its main services on Monday, bringing Taobao, Tmall and Juhuasuan into a newly created “China Retail Marketplaces” division. The appointment marks one of the highest-profile personnel shuffles since…
UK department store John Lewis has chosen Singapore as the first of 15 new international markets it will expand into during the next few years. Founded in 1864, John Lewis has never opened its own stores beyond England, Scotland and Wales. But in 2012 it…
Google has unveiled its first ever shop in shop concept at Currys PC World, in the technology hub of London’s Tottenham Court Rd. This is the first Google Shop experience anywhere in the world. There will be two more later on in the year in Currys PC World’s…
Portugalia, the Portuguese beerhouse chain, has marked its 90th anniversary by opening its first restaurant away from home – in Macau. The new restaurant, officially opening today (March 6), is the result of an international expansion plan developed over…
Korea’s CJ Foodville has opened its first Tous Les Jours store in the Xinjiang Uyghur Autonomous Region of China. CJ Foodville now has Tous Les Jours stores in 14 regions of China and more business region-based contracts than any other Korean bakery franchise…
Korean-based coffee shop franchise Caffe Bene has named famous Korean actor Kim Soo-Hyun as its global face for the next year. Korean film and television drama has massive following throughout China and southeast Asia making Kim Soo-Hyun a recognised…
Thailand’s The Mall Group has budgeted US$91 million to build a new shopping centre in Bangkok’s northeastern outskirts. A final decision on the new Bangkok mall will be made within weeks, and represents an additional capital commitment beyond the $2 billion…
A Vingroup official announced the establishment of the firm’s new technology and electronics retail brand on Wednesday called VinPro. A group representative said opening the chain was part of the group’s strategy to become a leading retail brand in Vietnam,…
Tesco’s in-store restaurant and cafe concepts may be doomed after the man heading the division exited the company this week. Analysts are interpreting the departure of Michael Holmes, who headed the Tesco food division, as an admission the concepts had…
Japanese retail giant Seven & I Holdings is to partner with an Osaka supermarket chain in product development and supply chain initiatives. Its new partner, Mandai Co, has about 150 stores in Osaka and four other prefectures in Kansai and achieved ¥279.3…
Sony US is to close down its direct retail business, closing the 10 remaining stores this year. The decision follows the failure of a new Sony store concept which superseded its Sony Style format about four years ago. It has run its own retail stores for more…
Online marketplaces management solution provider Neteven has partnered with China’s Tmall Global to help European brands sell to Chinese consumers online. The partnership with Alibaba Group’s Tmall Global marketplace will allow European brands to launch their…
t’s a hard concept to grasp: ‘quality coffee’ at a fried chicken chain. But KFC China is reportedly planning a serious move into the ‘premium’ coffee market, aiming to become a low cost alternative to Starbucks. Yum! Brands-owned KFC is the leading fast food…
China’s retail sector is continuing to expand faster than in any other major market in the world – but the growth rate continues to slow. The National Bureau of Statistics said on Wednesday that China retail sales grew 10.7 per cent year on year to 4.8…
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