Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Express firm DHL has ordered a converted freighter from Boeing as the aircraft manufacturer secures service deals valued at more than $900m during the Singapore airshow. The DHL order is for a B767-300ER Boeing converted freighter, which the manufacturer said…
Suntec City and Alipay are pleased to announce today that they have inked a two-year partnership to launch Alipay touchpoints in Suntec City. The two-year partnership between Suntec City, one of Singapore’s largest shopping malls and Alipay, the world’s…
Singapore furniture designer/manufacturer/retailer Koda’s in-house brand Commune plans to open more than 100 outlets in China by 2020. Commune’s sales from the market hit nearly S$7 million (US$5.3 million) last year, accounting for 64 per cent of its total…
AirAsia Indonesia, a budget carrier based in Tangerang, Banten, announced on Friday (09/02) it has opened three new routes, two international and one domestic, to tap into the increasing demand for air travels. The carrier, an affiliate of Southeast Asian…
Nadim Xavier Salhani, the man behind US franchises Au Bon Pain, Dunkin’ Donuts and Baskin Robbins in Thailand, aims now to expand the group’s Greyhound Cafe brand abroad. Greyhound, which has 17 cafes in Thailand and 18 franchises overseas including China,…
Singapore-headquartered and listed lender DBS Bank Ltd (DBS) announced on Monday that it has completed the acquisition of Australia & New Zealand Banking Group Ltd (ANZ)’s wealth management and retail banking businesses in Singapore, Hong Kong, Mainland…
French cosmetics giant L’Oreal reports “spectacular” growth for last year, particularly in Asia. It had growth acceleration of 5.5 per cent in the fourth quarter with sales exceeding €10 billion (US$12.2 billion) in the ‘new markets’, which include Asia…
RIL CREED’s collection of sustainable and ethical Japanese handbags opens its first flagship boutique in Hong Kong. Launched in 2012 in Japan and 2014 in Hong Kong, The Japanese handbag label RIL CREED is designed by Hanada Kazue, a seasoned designer who has…
Singapore retail sales were static in December, increasing just 0.6 per cent year-on-year, after excluding motor vehicles. With vehicles included, they rose by 4.6 per cent. Month on month they declined 0.2 per cent against November or by 2.6 per cent with…
Asia’s pre-owned luxury fashion market is continuing to grow, with shoes and t-shirts gaining ground, according to multichannel retailer Reebonz. Although bags continued to dominate, with an average of 77 per cent of total transactions in 2016 and 2017, both…
Hermes international sales showed strong growth last year, pushed by an upward curve in Asia. Sales for the French fashion brand were up 9 per cent at constant exchange rates, with consolidated revenues reaching €5.5 billion (US$6.7 billion). After adjustment…
National flag carrier Garuda Indonesia eyes $2.4 billion in transactions from the 2018 Singapore Airshow, which takes place at the Changi Exhibition Center on Feb. 6-11, the company said in a statement on Monday (05/02). The airshow, the biggest of its kind…
The central bank of Singapore has been studying the potential risks posed by cryptocurrencies, but there is as yet no strong case to ban trading of the digital coins in the city-state, Deputy Prime Minister Tharman Shanmugaratnam said. “Cryptocurrencies are…
Singapore’s sovereign wealth fund GIC has injected KW100 billion (US$91 million) into Korean retail major E-Land Group. The round was part of a KW200 billion investment led by Hong Kong-based Anchor Equity Partners. With interests in malls, restaurants, theme…
JD Sports Malaysia has ventured into the provinces with its first Penang and Malacca stores. The Penang outlet is at Sunway Carnival, and the Malacca store at Mahkota Parade. This follows six other stores for the British sneaker and sportswear retailer in…
F J Benjamin Holdings Ltd, founded in 1959, is a consumer driven leader in brand building and management listed on the Singapore Exchange since 1995. F J Benjamin Holdings announced Group net attributable profit of $961,000 for its second quarter ended 31…
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