Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Anglo American’s diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVM in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation. Analysts said the joint venture no longer…
Singapore’s StartHub has opened a new innovation center and converged operations cockpit named Hubtricity, aimed at accelerating Singapore’s transformation into a Smart Nation. The 58,000 square feet facility will act as a foundation to foster service…
Singapore-based company DominoPos has launched its proximity marketing and digital media platform GoToMalls.com in Indonesia. Offering a geo-located, profile-based smart directory of malls and stores in Indonesia, the website aims to revive offline…
Alibaba’s bringing its teeming Taobao internet marketplace to Singapore. Alibaba Group Holding and Lazada Group are teaming up to sell select Taobao products direct to shoppers in the affluent island-state, striking their first partnership since the Chinese…
Online retailers in Korea are set to open 13 outlets at Lotte Department Store branches in the next three months. “Online brands are continuously expanding into offline stores to raise their brand value and to receive real-time feedback from consumers,” says…
Just launched in Singapore, Subscribe to Food is an e-commerce subscription service that offers food and wine products for consumers. Upon launch, the service acquired e-commerce start-ups The Frank Food Company and WineMasons. Philip Raff, who is also…
Singapore-headquartered Keppel Corp has paid VND 845.9 billion (S$53.5 million) to boost its stake in Ho Chi Minh City’s Saigon Centre beyond 50 per cent. Saigon Centre, a mixed-use development incorporating a shopping centre anchored by Takashimaya…
Singapore’s Land Transport Authority (LTA) and Mastercard have together launched a pilot of a new Account-Based Ticketing (ABT) System for public transport in the city. Singapore is the first in Asia and one of the few cities in the world to enable the usage…
Miniso Singapore plans to open 20 more stores by the end of this year, taking its network in the city to 46. In an interview with The New Paper, Miniso Singapore director Alex Zhang said locals were responding well to its eclectic offer of homewares,…
Singapore’s Singtel is bringing its Trustwave portfolio of managed security services to the Philippines, in collaboration with Globe Telecom. Under the collaboration, Globe is providing Trustwave’s services through its advanced security operations center…
South Korea has stepped up efforts to overhaul its dependence on Chinese shoppers by shifting the focus to other Asian countries. The country’s tourism sector – especially the duty-free retail industry – is bearing the brunt of the fallout triggered by the…
Singapore on-demand online grocery concierge and delivery service Honestbee has launched in Bangkok. In partnership with retail chain Villa Market, Honestbee is offering customers a faster and easier way to obtain their daily groceries through concierge…
Tiffany Asia sales rose 9 per cent on the back of new store openings in 2016, with a solid fourth quarter balancing out a difficult year. In the Asia-Pacific region, total sales of US$1 billion in the full year were approximately equal to the prior year and…
Thailand’s MK Restaurants Group plans to invest about Bt400 million (US$11.3 million) a year over the next five years to expand in Thailand as well as its overseas markets, including Singapore. Chairman/CEO Rit Thirakomen says the group will open 15 MK…
Singapore-based confectioner Delfi today announced plans to pull out of PT Ceres Meiji Indotama (CMI) – a confectionery manufacturing joint venture in Indonesia with Japanese pharma-to-food group Meiji Holdings. Delfi said the proposed sale of its 50% stake…
The early timing of Lunar New Year has given Singapore retail sales a boost. Including or excluding motor vehicles, total Singapore retail sales rose 2 per cent in January. However, month-on-month they declined 1.3 per cent on December (excluding cars),…
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