Every story from across Asia, newest first — your real-time feed for retail, e-commerce, and consumer intelligence.
Retail sales in Malaysia fell by nearly one per cent in the last quarter of 2014 as consumers cut back spending, spooked by the looming introduction of GST. On April 1, Malaysia’s government introduces a goods and services tax on most items, excluding food,…
Global Brands, the listed Li & Fung spinoff, has reported its first trading result – reveling in a 37 per cent profit rise. The Hong Kong based company listed as an independent business on July 9, a move CEO and vice chairman Bruce Rockowitz says afforded it…
In just three years, Foodpanda Malaysia has expanded its offer from 40 restaurants to more than 700. The online restaurant food delivery service this month markets its third birthday, with country manager of Foodpanda Malaysia, Sidney Ng, reflecting on how…
Hong Kong based retail jeweller Chow Tai Fook is to partner in a US$4 billion casino project in Vietnam. Chow Tai Fook Enterprises, an affiliate of Chow Tai Fook Jewellery Group, the world’s largest jewellery retailer by market value, has already committed to…
Speculation is rife that e-commerce giant, Amazon, is in talks with online luxury retailer Net-A-Porter for what could be its biggest acquisition yet. Luxury goods group, Richemont, bought Net-A-Porter in 2010 for around €350 million (A$492.35 million).…
The much anticipated debut of Lawson Philippines will occur today, Monday. The first store will open in the Manila suburb of Sta. Ana. Lawson Philippines is a joint venture between local operator Puregold Price Club (70 per cent) and Lawson Japan (30 per…
Luxury retailer Prada Group has blamed China for a 28 per cent slump in profit last year. The Italian company says sales in its key Asia-Pacific market – which contributes 35.7 per cent of its global turnover – slid 3.1 per cent. This was largely due to the…
Chinese electrical retailing giant Gome plans to open 100,000 ‘micro stores’ in 2015 in a move it says will help it build a retail community of more than 100 million customers. The bold vision is part of a new strategic multi channel plan Gome is embarking on…
With most players in the sector looking to aggressively ramp up their teams, Indian mobile commerce platform Paytm plans to double its employee base in FY16 from around 3,000 currently. The company has added around 1,500 persons to its total headcount in…
E-commerce major Flipkart is believed to be working on an international listing, with Nasdaq in the US emerging as the preferred destination. Experts say before an initial public offering (IPO), expected in 12 to 18 months, the Bengaluru-based company must…
One of Australia’s largest independent liquor retailers, Kemenys, has suffered a drop in sales and profits in its latest financial year and faces an even tougher time this year as it tries to counter the full impact of a Dan Murphy’s superstore owned by…
Facebook yesterday waded further into e-commerce with the acquisition of shopping search engine TheFind.com. “For the last nine years we’ve worked hard to bring you a shopping experience that’s easy, efficient and fun – searching all the stores on the web to…
FamilyMart Co. is in talks to buy Cocostore Corp., which operates convenience stores in central and western Japan, sources familiar with the matter said on Friday. FamilyMart, Japan’s third largest convenience store chain, recently announced it is negotiating…
Chinese smartphone maker Xiaomi Inc. said that it will open a facility in Taiwan in the next few months to showcase its products and provide better after-care service. Xiaomi, whose low-cost, feature-rich phones are sold largely online, previously planned to…
Arcadia Group founder and controlling shareholder Sir Philip Green has sold department store chain BHS to a little known investment house, Retail Acquisitions Ltd. The BBC has reported the asking price for BHS was as low as £1 and the business was sold debt…
The Bharatiya Janata Party (BJP)-led government in the Indian state of Maharashtra on Friday signed a memorandum of understanding (MoU) with the Swedish furniture retailing giant, IKEA, to set up two to three stores. Maharashtra is one of four states,…
Weekly Briefing
Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.