Every story from across Asia, newest first — your real-time feed for retail, e-commerce, and consumer intelligence.
Furla reports 13pc sales increase for 2014 https://www.cpp-luxury.com/furla-reports-13-percent-sales-increase-for-2014/ Leather-wear maker Furla reports rising sales in 2014 of EUR258 million (USD288.2 million), a +13 percent increase on 2013. “This growth is…
With tumbling oil prices expected to bolster private consumption, last month’s contraction in consumption came as a surprise, says a senior Bank of Thailand official. The high level of household debt and falling farm prices were to blame, said Roong…
Forever 21 has partnered with the National Basketball Association (NBA) for a second time on a new exclusive collection of women’s apparel featuring essential pieces such as fitted tank dresses, shorts, and relaxed tank tops. The dresses with the logos of NBA…
Samsung Electronics Co. Ltd. has unveiled Samsung Pay, a mobile payment service that will enable MasterCard cardholders to use their Samsung Galaxy S6 for everyday in-store purchases. Owners of the new device will be able to use their MasterCard credit and…
Honeywell launched on Tuesday a suite of new scanners designed to allow retailers connect with customers and minimise checkout time. The new Voyager scanners can also speed up loyalty program enrollment and age verification. Lynn Huang Freeman, head of…
Woolworths has abandoned plans to enter the discount department store sector in New Zealand and has sold its 8.8 percent stake in New Zealand retailer The Warehouse Group for NZD86.9 million (USD65.5m), less than half the price it paid eight years ago.…
Australian Small Business Minister Bruce Billson has won support for the grocery industry code of conduct from discounter Aldi but is disappointed that wholesaler Metcash has agreed to adopt elements of the code rather than sign up in full. The code, which…
Under Armour Inc. has some out-there ideas for your clothes. The athletic gear company has been spending big to buy developers of apps to monitor personal fitness, aiming in the short term to sell more shirts and shoes. Lees ook: Central Group launches Porto…
Manila’s thriving retail sector will lead boost returns for shopping centre developers, says new research from real estate specialist CBRE. “With several new malls operational this quarter, supply of retail space has boosted,” concludes CBRE’s The Philippine…
Airweave, Japan’s top selling brand of premium bedding toppers and pillows, has opened its first store in the US. The flagship officially opens its doors today, February 27, at 498 Broome St in the trendy SoHo district of Manhattan, New York City. Airweave…
Japan retail sales slid two per cent in January according to government data. Japan’s Ministry of Economy, Trade and Industry surveys department stores, chain stores, supermarkets and other large-scale stores and convenience stores to compile a monthly trend…
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…
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.