Fashion brand M)phosis, once cited as among the more successful home-grown labels, has shut all its stores in Singapore. The Straits Times understands that all its outlets in Vietnam, Malaysia, the Philippines and Indonesia – more than 10 of them – are in the…
After making its first foray into East Malaysia by opening two stores in Kota Kinabalu, Sabah and one in Kuching, Sarawak, Uniqlo Malaysia is opening its first Perak store in the newly opened Aeon Mall Ipoh Klebang. This will be Uniqlo’s 31st store in…
As the toxic haze caused by Indonesian forest fires continues to enshroud Singapore and parts of Indonesia and Malaysia, the campaign to boycott brands linked to the fires is widening across Southeast Asia. Last week, the Singapore Environment Council (SEC)…
In Asia retail, the humble corner store is an essential ally to fast-moving consumer goods in the battle for market share and customer loyalty, according to a new report from global performance management company, Nielsen. The whitepaper, Maximising…
An artist’s impression of the Ikea store in Cheras. – Pic supplied, September 29, 2015.Ikea Cheras is one step closer to opening its doors as they celebrated the completion of the building with a traditional Swedish thanksgiving event, Roof Capping,…
eCommerce giant Lazada plans a month-long mega sale in six Southeast Asian countries under its now annual promotion ‘Online Revolution’. Lazada, part of Germany’s Rocket Internet group, says more than 10 million products will be offered to 550 million…
Flyspaces bills itself as “Airbnb for office and retail spaces.” The idea is to build a network of offices, meeting rooms, and commercial spaces that businesses and entrepreneurs can lease for short periods or whenever they need them. This concept isn’t new,…
A plan to simplify the complex ownership structure of Parkson Retail Asia operations has been rejected by independent shareholders. The proposal, defeated by a 63.44 per cent vote against at a shareholders meeting on Monday, would have seen the…
Malaysia’s Marrybrown has opened its first restaurant in Singapore. Marrybrown Singapore has made its debut at the iFly in Sentosa and is the first of a network of 20 stores planned for the city lover the next five years. Founded in 1981 and the first…
Asian venture capital-backed companies enjoyed 45% year-on-year growth in capital received during the second quarter of 2015, bringing in more than $10 billion in investments, according to a recent report by KPMG, an audit, tax and advisory company. The…
The Asia luxury goods market is still growing rapidly despite negative press about Hong Kong, Macau and deteriorating China spending. Luxury goods retail sales in Asia-Pacific are expected to reach US$134.9 billion by 2019, growing at a CAGR of seven per cent…
AirAsia Bhd is acquiring the remaining 60% interest in financial services provider Tune Money Sdn Bhd as well as its entire issued redeemable preference shares (RPS) for RM6.36mil in cash. In a filing with Bursa Malaysia, AirAsia said the payment of about…
Tesco has ruled out selling any more of its Asian operations in the wake of the Homeplus South Korea divestment. At least for now. After the US$6 billion sale of Homeplus and an earlier divestment of a stake in its Chinese operation, Tesco Asia retains a…
Ikea Malaysia says its second store located at Jalan Cochrane, Cheras. is on track to open at the end of November. The timing was revealed at the store’s roof capping ceremony, a Swedish tradition to celebrate the end of construction and thank neighbours who…
Muslim tourists spent $62 billion shopping and dining last year – and Asia got a huge share. Malaysia and Singapore were the second and third most popular shopping destinations for Muslim tourists last year, lagging behind only Dubai, according to the…
You may be surprised to learn that Malaysia leads the world in smartphone usage per capital, and that it is one of only five countries worldwide where 67% use their smartphones as a crucial access point to get online. Additionally, a recent Mobile Shopping…
Retail Academy: Malaysia
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Who the landlords are, how leases are structured, what drives rent, and how to choose a location in Malaysia.
Asia Market Guides · 8 min read
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