Reporting and analysis on retail, e-commerce, and consumer trends in Taiwan, updated continuously by our newsroom.
Global fashion retail brand Penshoppe has unveiled the latest addition to its roster of international ambassadors – 23-year-old world’s highest-paid supermodel and one of the most followed celebrities on social media, Kendall Jenner. The model initially…
Exports have continued to fall for a second month, but at a steeper rate, confirming concerns raised by Finance Minister Hong Nam-ki earlier this week. Although Korea succeeded in posting a trade surplus for the 84th consecutive month, a new record, exports…
Strong international sales ensured respectable McDonald’s results in the latest quarter as the fast-food giant encountered challenges in its core US market. Global sales slipped 3 per cent in the three months to December, to US$5.16 billion, although this was…
In May 2018, Manolo Blahnik opened its doors to the public at the triple tower complex Marina Sands Bay in Singapore, strengthening its presence in Asia with Bluebell Group. In January 2019, Manolo Blahnik continues its expansion into Asia with the opening of…
Taiwanese smartphone maker HTC has opened the doors of its first global flagship store for its Vive VR headset. The Shenzhen store will offer consumers the chance to experience VR technology in a relaxed in-store environment. The brand wants consumers to…
BMW is recalling about 1.6 million diesel cars to fix a potential fire hazard in their engines, expanding repairs from just under half a million vehicles in Europe and Asia. The voluntary service action follows a BMW investigation that found coolant could…
Citi Private Bank appointed Sally Yeh as global market manager for Taiwan, who joins immediately. She joins the American bank from UBS, where she most recently led a team of offshore bankers working with entrepreneurs from Taiwan. She will be responsible for…
Taiwanese bookstore chain Eslite is planning to expand into Japan. The prominent bookstore business is using the move to build its international profile, and has announced its plans as amounting to a “new starting point for cross-culture ventures”. Eslite’s…
Starbucks Taiwan has opened a store made entirely of shipping containers in Hualien Bay Mall. The 29 containers have been stacked as building blocks designed to resemble the uneven foliage of a coffee bush at the yet-to-open mall that will launch as a tourist…
Tigerair Taiwan said it would start flying between Cebu City and Taipei on Dec. 1. Taiwan’s only low-cost carrier said it would offer a 2-day seat sale for the new route starting Monday. Tigerair will use the new Mactan-Cebu International Airport and will…
This month, the Taiwan Cooperative Bank (TCB) and Visa have implemented what both call Taiwan’s first standardized and EMV-compliant QR code payment. Part of Financial Information Service Co.’s “Standardized QR Code Solutions,” the new EMV solution will be…
International health and beauty retailer AS Watson has initiated a global VIP loyalty program. The group has announced the program to enhance its connectivity with customers, planning to extend it to all of its 130 million loyalty members in 24 markets by…
Foreign exchange losses hobbled the recovery of Hong Kong-headquartered fast-fashion label Bossini. In full-year results just released, Bossini reported a 3 per cent decline in total revenue to HK$1.958 billion (US$249.6 million), largely due to a decrease in…
The Taipei Living Mall retail complex is up for sale for NT$38 billion (US$1.23 billion). The mall’s owners, Core Pacific City, have described the project “a failure”. It was constructed on a syndicated loan of NT$12 billion two decades ago, and the debt is…
US luxury fashion retailer Fred Segal is planning to expand its business in Asia with new stores opening in Taiwan and Malaysia. The move picks up on previously delayed plans to grow internationally that were announced four years ago. New CEO Allison Samek is…
Sportswear retailer Adidas has failed in its bid to prevent a Taiwanese business from registering a visually similar trademark in Singapore. The Intellectual Property Office of Singapore (IPOS) rejected an Adidas lawsuit against Lutong Enterprise Corp,…
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