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Reported across 14 sectors and every major Asian market — deals, openings, results and people moves, seven days a week.
Beijing based supermarket chain Wumei Holdings will pay CNY1.4 billion (USD225 million) for a majority stake in home decorating chain B&Q China whose parent Kingfisher failed to spur growth in the home decoration market in the world’s second-largest economy.…
Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television program showed Chinese employees working more than three times their official hours to assemble its handbags. The head of a Gucci subcontractor told an…
Consumers in Australia are less anxious than at any time in the past 18 months amid signs of a robust finale to the Christmas shopping season. The National Australia Bank’s consumer anxiety index, released on Tuesday, has fallen for a second straight quarter…
Plagued by poor transport and less purchasing power, rural buyers remained mostly untouched by the wave of online shopping that swept across China in recent years. However, the situation is changing as the burgeoning market in villages has shown great…
Australian supermarket giant Coles has been ordered to pay AUD10 million (USD8.1m) in penalties for “serious, deliberate and repeated” misconduct towards suppliers that were in some cases in financial trouble. The Federal Court ruled in favour of a settlement…
While most consumers grappled with the escalating cost of living, the Malaysian government’s subsidy rationalisation programme and the impending introduction of the goods and services tax (GST) also took centre stage. The government’s decision to reduce…
Chinese workers and overseas students in Russia have been snapping up goods at low prices caused by the steep fall in Russian ruble rates before brands can adjust them. These shopping “agents”, knows as “daigou”, stockpile the products before selling them at…
Iconic Swedish furniture retailer Ikea built its biggest store in the world to serve South Korea’s shrinking households, targeting millions of people living alone with Korea-only items like super-sized single beds and in-store kimchi rice. The store opened on…
Retailers and landlords in Singapore can look forward to greater retail rental transparency after the details of the Fair Tenancy Consideration Framework are unveiled, probably this month. The framework will comprise three components: data transparency,…
US hamburger chain operator CKE Restaurants Holdings Inc. said on Friday it will open a Carl’s Jr. outlet in Tokyo next year before a nationwide rollout that will represent its second stab at the Japanese market since 1989. Its local partner will be…
Woolworths buyers have told suppliers their products could be pulled from shelves just days before Christmas if they refuse to fund the supermarket giant’s new Cheap Cheap advertising campaign. “I was asked for a contribution of almost $1 million, and when I…
The South Korean retailer Lotte Mart on Thursday opened its 10th supermarket in Vietnam in Tan Binh District of HCM City, contributing to its expansion nationwide. Located at 20 Cong Hoa Street, Lotte Mart Tan Binh has investment capital of USD9 million and…
The Gioi Di Dong (Mobile World) Joint Stock Company, Vietnam’s largest mobile phone retail chain, has reached a post-tax profit of VND609 billion (USD29 million) after 11 months, 140 percent of the annual target, the company has announced. The revenue during…
The Emporium shopping complex in Bangkok will fully open in March after a major renovation. Voralak Tulaphorn, senior vice-president for merchandising of The Mall Group, operator of the upscale shopping venue, said 95 percent of total space at the shopping…
The 21st HKTDC Hong Kong Fashion Week for Spring/Summer will feature more than 40 events, including fashion parades, seminars and forums and demo sessions that highlight new fashion talents and trends. The fashion parades will showcase established designers…
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