Reporting and analysis on retail, e-commerce, and consumer trends in Taiwan, updated continuously by our newsroom.
A Line Friends pop-up will open at luxury speciality store BoonTheShop in Seoul on Saturday. Running until January 14, the Korean character brand’s outlet will introduce its latest merchandise, BT21. The range includes dolls, cushions, fashion items,…
Following a holiday in Singapore last year, a restaurateur couple has returned to open a casual gourmet burger restaurant, Hans Im Gluck, in Orchard Road. The brand’s 50th outlet and first outpost in Asia, it specialises in vegan, vegetarian, beef and chicken…
Alipay, the world’s largest online, mobile payment and lifestyle platform operated by Ant Financial Services Group, today launched this year’s “Double 12” Global Shopping Festival in 15 countries spanning across four continents. In addition, Ant Financial’s…
Carrefour Taiwan has opened four more stores, three in Taipei and one in Tainan. The French hypermarket chain introduced the stores all in a space of a week, and all will be open 24/7. First up was Tainan Yu Nong at 650sqm, followed by Luzhou Guanghua…
Fast-growing e-commerce platform Shopee has released impressive statistics in marking just its second birthday. Combined annualised GMV from Taiwan and the six Southeast Asian markets where it operates has reached US$5 billion. It has more than 180 million…
Easing rents, the closure of unprofitable stores and a trimmed-down inventory all helped Oriental Watch Holdings record a 10-fold increase in profit in its latest quarter. In the six months to September 30, Oriental Watch increased its post-tax profit from…
China was among the fastest-growing markets for cosmetics and wellbeing products group L’Occitane International for the six months to September 30. Along with Japan and Hong Kong, it was among the key contributing countries to overall growth. China’s net…
Alibaba Group Holding Ltd., China’s biggest e-commerce company, agreed to acquire a stake in a hypermarket chain partly owned by the Taiwan-based company Ruentex Group in its effort to push into offline retail. Alibaba said on Monday that it would invest…
Dairy Farm sales were described as “flat” in the third quarter to September 30. The Hong Kong-headquartered company said improved performances in health and beauty, Ikea, restaurants and Yonghui were offset by lower sales in the food and grocery division.…
With slumping sales since a design shake-up two years ago, Lanvin fashion house is expecting a cash injection before the end of the year. France’s oldest fashion house says this is coming from Taiwan businesswoman Shaw-Lanh Wang, who is the majority…
Third-quarter sales for apparel retailer Giordano International have been edging ahead in most markets, an exception being South Korea, a 48.5 per cent JV with an independent management team. While e-commerce sales jumped by 17.6 per cent in Mainland China,…
Luxury electric carmaker Tesla plans to slash by 40 percent its orders for parts for the new Model 3 mass-market sedan from Taiwanese auto component maker Hota Industrial Mfg from December, according to a media report. Shares of the parts maker dropped nearly…
FamilyMart Taiwan has launched an e-wallet known as “My FamiPay”. The application, launched in collaboration with Cathay United Bank (CUB) and Soft Space, integrates debit/prepaid/credit cards and other various stored value cards to facilitate in-store…
Japanese drug and cosmetics store chain company Matsumoto Kiyoshi has taken a step toward entering the Taiwan market. President Kiyoo Matsumoto has signed a memorandum of understanding with Tai Lung Capital chairman Huang Chiao-chang for the two companies to…
Pinkoi Thailand, a cross-border curated online marketplace for original design products, has been officially launched. Founded in Taiwan in 2011, Pinkoi individually selects its items, which include original handmade or small-scale produced clothes, shoes,…
Revenue generated by Taiwan‘s retail sector fell in the first half due to a fall in the number of Chinese visitors, who tend to buy expensive home appliances or luxury goods, the Ministry of Economic Affairs said. The number of Chinese visitors in the past…
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