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Tiffany & Co heads a list of major international brands confirmed as tenants of The Mall Group’s massive new development in the heart of Bangkok. The Mall Group is creating The EM District on Sukhumvit Rd, comprising three projects – The Emporium, The…
A new chain of stores selling “super premium” luxury Italian fashion has debuted in Indonesia. Founded by local entrepreneur Ricky Ahluwalia, True Italy has opened its first store in Jakarta’s Plaza Menteng. Ahluwalia says True Italy aims to sell premium…
Hero Indonesia, the supermarket and healthcare retailer, is looking to Ikea to boost its fortunes after a disappointing 2014. The retailer, 81.9 per cent owned by Hong Hong based Dairy Farm International, has reported a 14 per cent increase in net revenue and…
Myer shareholders are bracing for a sharp fall in earnings and big asset write-downs and provisions over the next few years as the new management team embarks on a multi-year transformation plan to reshape the 115-year-old department store chain. Analysts and…
Hong Kong based jeweller Chow Tai Fook says sales in its core Hong Kong market plunged 29 per cent over Lunar New Year. However an 11 per cent rise in mainland sales saw its total sales rise nine per cent during Lunar NY 2015 compared with the same season in…
Bankrupt electronics chain RadioShack is hoping to get $20 million for its brand in an auction scheduled for March 23. The move to split the brand from its other assets will allow a buyer to bid on the brand without being forced to buy store leases. The lead…
A Tokyo subscription service offers time-poor Japanese women hand-picked fashion items, delivered free for a monthly fee. Women may love shopping, but for time-starved professional females and housebound new mothers adapting to round-the-clock parenting,…
Chinese hypermarket operator Sun Art Retail Group says a move into lower-tier cities is bearing dividends. The group, a joint venture between French retailer Groupe Auchan SA and Taiwan’s Ruentex Group, says its profit rose 4.8 per cent last calendar year.…
The Philippines’ SM Retail plans to open 20 more Savemore supermarkets this year after reaching the 100 threshold last year. Savemore is a neighbourhood grocer format, typically about 1300 sqm and located in areas where there is little organised retail…
Mattress maker Kingsdown has entered into a partnership which will see it open 500 new stores in China over the next five years. Kingsdown already operates more than 90 MySide / Sleep to Live retail outlets in China, through a licensee and franchise network.…
The Indonesian government has begun laying the groundwork to regulate e-commerce activities in the country amid breakneck growth in online transactions, particularly among the country’s young and affluent middle class. Chief economics minister Sofyan Djalil…
An online store specialising in “high-quality fashion at disruptive prices” is expanding into three new Asian markets this year from its Hong Kong base. Grana is the creation of Australian Luke Grana, who was inspired by the high quality of tshirts he came…
7-Eleven Malaysia says its quarterly profit soared 70 per cent on the back of an aggressive store expansion program. The listed company operated 1774 stores at the end of the December quarter – 200 more than at the end of 2013. It posted a profit of RM17.9…
UK department store Marks & Spencer (M&S) will close five stores in Shanghai. But the company says it remains committed to China as a market and will still proceed with opening new stores in Beijing and Guangzhou between now and the end of 2016. “As announced…
Ikea is to launch a range of furniture which will allow consumers to charge phones and other devices wirelessly. The Swedish retailer says wireless charging furniture will be available in Europe and North America this April, followed by a global rollout.…
Walpole, the alliance of Britain’s finest luxury brands, is leading a delegation of preeminent industry figures to the Great Festival of Creativity in Shanghai this week. As the curator of the ‘luxury and fashion’ content of the three-day programme which…
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