Reporting and analysis on retail, e-commerce, and consumer trends in Malaysia, updated continuously by our newsroom.
Fosun International post on Tuesday that company net profit reached Rmb 6.86bn ($1bn) for the first half of 2018, on the back intense acquisition activity, which saw the Chinese firm snap up local and international assets, including luxury brand Lanvin…
Digital fashion brand Pomelo pursue its plan to expand its online-to-offline business model in Southeast Asia as it today announces its expansion into Malaysia to further strengthen its e-commerce presence in the region. Fashion consumers across Malaysia can…
Thai-owned New York deli concept Dean & Deluca has made its Malaysian debut at Pavilion in downtown Kuala Lumpur. Officially opened yesterday, the store is expected to attract shoppers with a premium cafe and restaurant offer, along with packaged foods to go.…
AirAsia Group Bhd’s net profit more than doubled to RM361.81 million in the second quarter (Q2) ended June 30, 2018 versus RM146.52 million in the previous corresponding period, thanks to the reversal of deferred tax on the sale of aircraft. Its revenue for…
A defamation suit filed by bubble tea brand Tealive against Chatime Malaysia will be heard next February. Tealive’s owner Loob Holdings was formerly the primary franchise holder for Chatime before a series of disputes resulted in Chatime owners La Kaffa…
Group Bhd wants CAE to train about 400 cadet pilots to support its growth in the various markets it operates over the next five years. The first batch of cadet pilots will begin training in the second half of the year for a 18-month competency-based…
Malayan Banking Bhd (Maybank), which saw net profit jump 18.1% to RM1.96 billion for the second quarter ended June 30, 2018, expects its performance for the second half of the year (2H18) to be driven by its consumer, wealth and insurance businesses, said…
Michael Kors Malaysia is opening a runway-inspired store at Suria KLCC. The launch is part of the US fashion label’s Runway 2020 strategy intended to modernise its business, which also includes the introduction of e-commerce and wearable technologies to the…
7-Eleven Malaysia says its net profit surged 29.4 per cent in the latest quarter as internal reorganisation began to pay off. Net sales inched up by just 0.4 per cent during the same time. Incoming CEO Colin Harvey – into the role just two weeks – said while…
7-Eleven Malaysia Holdings Bhd reported a 29.4% rise in net profit to RM13.13 million for the second quarter ended June 30 compared with RM10.15 million in the previous corresponding period, driven by higher gross profit margin. Its revenue rose marginally by…
Aeon Co (M) Bhd’s net profit plunged 64.5% to RM9.79 million for the second quarter ended June 30 compared with RM27.55 million in the previous corresponding period, due to the recognition of impairment loss on investment in its associate company Index Living…
CIMB Group Holdings Bhd, which posted a record net profit of RM3.29 billion for the first six months ended June 30, 2018 (1H18), expects a record net profit to ensue for the full year on a stronger performance in 2H18 partly driven by improvement in loan…
Businesses expect growth to slow in the third quarter due to lower confidence levels after recording positive business performance in the second quarter of the year, according to the Statistics Department. The department’s Business Tendency Statistics for the…
Celcom Axiata Bhd has appointed Mohamad Idham Nawawi (pix) as its new CEO effective Sept 1, taking over the reins from Michael Kuehner whose tenure ends on Aug 31. The group said in a statement that the succession is part of the original plan two years ago to…
Swiss watchmaker Rado has launched a new boutique at Suria KLCC. The brand’s largest store in Malaysia, the store’s layout represents Rado’s latest minimal design concepts contrasted with textured and handcrafted materials. Rado is generally known for its use…
SportsDirect Malaysia has opened its largest store yet in the country, at Section 51A. The British sporting goods retailer’s new Petaling Jaya flagship, together with sister company MST Golf, comprise a 41,000sqft joint destination that is the largest…
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