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Two new shopping centres with a combined gross floor area space of more than 60,000 square metres will open this year at downtown Xintiandi area, as Shanghai’s first large-scale city-core redevelopment project continues to upgrade, according to China…
US-owned 24-hour convenience store Circle K has opened its 100th outlet in Vietnam and expects to have 150 by the year’s end. Vietnam CEO Tony Yan was optimistic about achieving the target, saying Vietnam’s modern retail industry was in the initial…
The Thai economy may not have fully recovered, but a survey shows locals still plan to celebrate Valentine’s Day on Saturday, the same as lovebirds scattered around the world. This year Thais are likely to be more cautious with their spending, said Thanavath…
Swedish furniture retailer IKEA will set up more manufacturing facilities in India and has plans to increase production in the country, its top official has said. In a meeting with the Department of Industrial Policy & Promotion (DIPP) Secretary, Amitabh…
Thailand plans to reintroduce its initiative to cut consumer prices after the seven-day campaign last 24-30 Dec as part of a New Year gift to the public proved a great success. The new campaign could be held in May and might be extended to 10 days, Commerce…
After doubling sales and earnings over the last few years, Domino’s Pizza is chasing a bigger share of the AUD11 billion (USD8.5b) fast-food market by taking sales from fried chicken outlets and drive-through outlets like McDonalds and Hungry Jacks. Not…
Babywear retailer Mothercare is to launch in South Korea. The UK-based company has entered into a franchise agreement with Homeplus, a local supermarket chain owned by Tesco, to open retail stores and an eCommerce site. South Korea becomes the 17th Asian…
Fernando Ciccarelli has been named the new senior VP and MD of Tumi Asia. Ciccarelli joins the luxury travel luggage retailer after a decade and a half with Coach, Inc. “I have always admired Tumi’s focus on constant innovation, intelligent design and…
More than 10 Indian shopping malls have been shuttered or converted into office space in the last two years – most of them in Mumbai. And more – like the Nirmal Lifestyle Mall in Mulund, central Mumbai, and Centre One, the oldest mall in Vashi, New Mumbai –…
Australia’s homegrown cafe group, The coffee Club, has officially opened its first outlet in the United Arab Emirates. The UAE outlet, is being operated by Liwa Minor Food and Beverages, the joint venture company of local operator Al Nasser Holdings and Thai…
Parkson Retail Asia has reported a 24.6 per cent slump in net profit – largely attributed to new store establishment costs. The Singapore-based department store operator has reported a second quarter trading profit of S$10.23 million. The company’s biggest…
Luxury jeweller Graff Diamonds has further broadened its Asian presence, opening a new flagship in Hong Kong. The new store is in the St George’s Building in the city’s Central district. It features a broad frontage facing onto the street, as photographed.…
As speculation mounts over the future of its Asia business units, a bid for Tesco Thailand has reportedly been rebuffed. As reported in November, Thai billionaire Dhanin Chearavanont prepared a speculative bid by his company Charoen Pokphand Group (CP) to buy…
he streets of the Pacific Northwest’s biggest city were eerily deserted on Super Bowl Sunday. It appeared that the populace was more asleep than ‘sleepless in Seattle’. First impressions were deceiving though, as off the streets things were positively…
Spanish fashion giant Inditex has announced a complete and permanent ban on the use of angora wool across all its brands. The ban follows discussions with animal rights group PETA US and a media expose of the cruel practice where live rabbits’ fur is ripped…
Korea’s department stores suffered their worst sales drop in history in January. According to preliminary government data, sales fell 9.7 per cent year-on-year, the worst figure since record taking commenced in 2005. January marked the fifth consecutive…
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