Reporting and analysis on retail, e-commerce, and consumer trends in Taiwan, updated continuously by our newsroom.
Microsoft has opened its first IoT Innovation Center for the APAC region in Taiwan. The center aims to offer cross-discipline technology transfer, strategic alliances, business model transformation and innovation opportunities. Taiwan was chosen because of…
While China’s economy goes through a sluggish patch, internet shopping mall giant Alibaba Group has announced a sparkling quarter in which profit beat expectations, its fledgling cloud computing business more than doubled sales, and its entertainment income…
French luxury trunk-maker Moynat has opened a store in Taiwan. In Taipei’s Bellavita Mall, the store covers 120 sqm and is the 12th global outlet for the brand. It features the brand’s complete range of handbags for both men and women, as well as leather…
Indonesian Economic and Trade Office to Taipei (KDEI) is expecting more than 250 thousand tourist arrivals from Taiwan to Indonesia by the end of 2016. “In 2015, the number of Taiwanese tourists visiting Indonesia was 211 thousand. Hopefully, by the end of…
Asia has proven the major driver of All Saints growth in the last year’s reported sales. A stellar set of results was led by international sales growth of 12 per cent to £108.2 million, as it opened 23 new stores internationally in countries including Japan,…
Taiwan expects to boost its bilateral trade with Indonesia through the introduction of the so-called “New Southbound Policy” by its new government. The policy, adopted under the leadership of President Tsai Ing-wen, who was inaugurated in May, aims to…
The World Design Capital (WDC) Taipei 2016 International Design Policy Conference brought together leaders in design thinking from around the world in Taipei to share their ideas on the future role of designers, public servants, and private firms in facing…
Contemporary South Korean fashion brand H:Connect, fronted by Korean celebrity Yoona of Girls’ Generation, has officially opened its first Southeast Asian store at Bugis Junction in Singapore. The brand plans to make the most of the rising appeal of hallyu,…
Sa Sa profit is expected to fall 35 to 45 per cent for the six months ended September 30. The Hong Kong-based cosmetics retailer has issued a profit warning, citing a drop in both sales and gross profit margin of its Hong Kong and Macau business, weaknesses…
Japanese department store Tokyu Hands plans to boost its overseas sales, which now contribute 1 per cent of overall sales. Overseas income for its latest year totalled about 800 million yen (US$7.69 million). A third store is opening next month in Singapore,…
The data may be a little dated, but Asian cities are holding their own in the retail rent rankings. New York’s Fifth Avenue still tops the list with an average rent of US$3500 per sqft per year. Hong Kong’s Causeway Bay is cemented in second place at $2399…
Bubble tea brand Gong Cha Korea is planning international expansion. Aided by the global passion for Hallyu, or the so-called Korean Wave, Gong Cha plans to open stores in the Middle East and Europe. It will also buy more than 1380 stores in 18 countries,…
While Fast Retailing profit fell in the full year, the Japanese apparel giant says its second-half profit rebounded sharply. Consolidated revenue rose 6.2 per cent to JP¥1.7864 trillion (US$17.19 trillion) while its operating profit fell 22.6 per cent to…
With the Asian Development Bank lowering its forecast for Taiwan’s economic growth in 2016 to 1.1%, perhaps it shouldn’t come as a surprise that operators in the freight industry have been disappointed with how the market has performed. Eddy Liu, vice…
Taiwan company DaYung’s Tea is about to launch in the US. It has leased a 1400 sqft (130 sqm) unit at Mill Plaza in Tempe, in Phoenix, Arizona. With 270 stores throughout Asia, DaYung’s offers a mix of fruit tea and smoothie drinks. “This hot new concept will…
Atlanta-based operator and franchiser Hooters of America will enter Taiwan with five new locations. The Hooters Taiwan restaurants will be opened by Hooters’ Asian partner, Bangkok-based franchisee Destination Resorts. The first is scheduled to open in…
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