Hong Kong luxury fashion retailer Moiselle has revealed a raft of innovative strategies to restore flagging sales. Hit by a $31.9 million loss for the first half of the trading year due to declining spending by Mainland Chinese tourists, Moiselle is…
Modern Beauty Salon Holdings has reported an 87.4 per cent plunge in first half profits as consumers restrain their discretionary spending. Modern Beauty runs 42 service centres in Mainland China, Hong Kong and Taiwan, 16 in Singapore and three in Malaysia.…
An iconic Japanese restaurant chain Kushikatsu Daruma has opened its first outlet outside its home market – and announced plans to enter three more Asian countries. Kushikatsu Daruma opened its first restaurant in 1929 at the foot of Tsutenkaku, the famous…
A new shopping centre under construction in Malaysia’s capital city, Kuala Lumpur, plans to set itself apart from rival destinations with a dominating food offer. The four story Damansara City Mall, scheduled to open in April 2016, has a net lettable area of…
Hit by falling sales in the tourist downturn, Hong Kong beauty retailer Sa Sa plans new store concepts and diversification to restore growth. Reporting a 10.6 per cent decline in sales to HK$3.778 billion in the first half of the current year, and a 55 per…
Malaysia-based low cost carrier AirAsia Berhad plans to launch its latest direct flight between tier-two Chinese city Guangzhou and Langkawi, Malaysia at the end of January 2016. The choice of tourist destination Langkawi for the group’s latest international…
The first Lulu Group Malaysia hypermarket is scheduled to open in February 2016, the Middle Eastern retailer has confirmed. Lulu currently operates 118 hypermarkets and shopping malls in the Middle East and India and positions itself offering quality…
#1 Majority of our customers are residing outside of Kuala Lumpur – There is an evident shift of customers shopping on Lazada with 81% of them residing outside of Kuala Lumpur – Reasons behind this shift include a) Affordability of products – Consumers from…
Moody’s Investors Service has lowered the outlook for Parkson Retail Group Ltd’s Ba3 corporate family and senior unsecured debt ratings to negative from stable. In a statement issued on Wednesday, Moody’s has also affirmed Parkson’s Ba3 corporate family and…
Malaysia-based AirAsia, the region’s biggest budget carrier by fleet size, said on Thursday (Nov 26) it suffered a loss in the third quarter, bogged down by foreign exchange losses and its Indonesian operations. AirAsia registered a net loss of RM405.72…
Nearly half of Asia’s shoppers said they prefer to do their Christmas shopping online this year, according to a new survey conducted by internet services company Rakuten. Of 2500 shoppers polled in Singapore, Malaysia, Indonesia, Thailand and Taiwan, 47 per…
Hit with a 15 per cent sales slump since the introduction of GST in Malaysia, embattled department store operator Parkson is set to enter new categories – gourmet food, supermarkets, beauty – and import new fast fashion brands. The company has invested RM100…
Malaysia-based Padini Holdings expects an even tougher year ahead as it deals with a double whammy of having to cut prices and pay more for its stock. Padini owns the brands Vincci, Seed and Miki as well as stores trading under its own brand. The company has…
Malaysian online marketplace 11street plans a new mobile shopping app – and a monthly ‘Love 11 Day’ when it plans to launch surprise, snap deals and giveaways. The Korean-headquartered online retailer says it is now ranked a top 40 website in the country and…
Computer and electronics, beauty and cosmetics as well as fashion are potential categories for e-commerce in Thailand. The Thai e-commerce market in 2014 was valued at Bt2.03 trillion, with business-to-business (B2B) deals worth Bt1.23 trillion,…
AirAsia X will relaunch flights to Delhi in February 2016, four years after it suspended the service. The Malaysian low-cost carrier has confirmed that it will start operating four weekly direct flights between Kuala Lumpur and India’s capital on 3 February.…
Retail Academy: Malaysia
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