Reporting and analysis on retail, e-commerce, and consumer trends in Taiwan, updated continuously by our newsroom.
Japanese retail holding company Fast Retailing intends to have 1000 shops for its low-cost GU brand overseas in 10 years, up from about 10 foreign stores now. GU sells clothing often priced at about half that of stablemate Uniqlo. Fast Retailing will expand…
August shopping data from tax refund specialist, Global Blue, indicates a downward trend in tax-free in-store sales of -13% (year-on-year) – the worst decline since the start of the year and a big fall compared with July’s 0% change. While transactions rose…
After rapidly building a network of stores across Asia, Japanese eyewear retailer Owndays has made its European debut. Owndays Europe has opened its first store in the Netherlands, the design largely true to its Asian format and its simple pricing model…
Bangkok is the top-ranked destination city by international overnight visitor arrivals, according to the annual Mastercard Global Destinations Cities Index. Ranking 132 cities, the index projects visitor volume and spend estimates while delivering insights…
The Golden Pin Design Award–an annual award organized by the Taiwan Design Center that seeks to raise global awareness for design created for and within huaren (Chinese-speaking) communities–today reveals its Design Mark recipients for 2016. After gruelling…
Customers of Carrefour Taiwan’s new Ping Jian store have been promised “a new shopping experience in different universe”. The store, the French retailer’s 88th in the country, features what the company describes as an “integration of three dimensions:…
Starbucks Asia is rolling out Teavana in 6200 stores across its 16 Apac markets. Four tea beverages prepared in-store will be offered to the 16 countries, with two or three expected to be sold in each market, the choice up to each one. Starbucks acquired…
Hermès and Nike have revealed new collaborations with Apple, to produce exclusive co-branded Apple Watches. Hermès introduced new Apple Watch styles and an expanded assortment of wristbands that incorporate its signature palette alongside a series of bold new…
Jacobson Pharma Corp, Hong Kong’s largest generic drug firm and maker of the Po Chai Pills used by generations of the city’s residents, is seeking to raise HK$750 million in an initial public offer. The company will sell 437.5 million shares at a price range…
Indonesia has invited Taiwan to invest in the maritime sector to help bring to reality the governments vision of making the country a world maritime axis. Director of Investment Planning in the Agribusiness and Natural Resources of the Capital Investment…
Taiwanese Point-of-Sales terminal brand Posiflex announced that they have entered into a purchase agreement with Kiosk Information Systems (Kiosk), a provider in self-service solutions. Posiflex will offer Kiosk a cash purchase for all outstanding ordinary…
HappyFresh, the Jakarta-based grocery delivery platform, announced yesterday it has raised an undisclosed Series B round while also revealing it will be consolidating operations and pulling out of the Philippines and Taiwan. The round was led Dubai-based…
In a world first, Carrefour Taiwan has launched the supermarket’s first digital voucher service. Carrefour Ticket Xpress enables both retail and mobile payments, and was launched jointly with international payment service Edenred. Partners in Taiwan include…
Taiwan is eyeing as many as 200,000 tourists from Indonesia to visit Taiwan this year, or an increase from that in 2015, where at around 177,743 Indonesian tourists visiting Taiwan. Taiwan Tourism Bureau Director David Tsao said that to meet the target, it…
Taiwan Mobile plans to offer enterprise IoT services in the Taiwanese market using the Cisco Jasper Control Center platform. The operator plans to offer plug-and-play IoT services that can be configured to provide analysis, automation and diagnostic…
South Korean fashion brands are featuring in an online pop-up store on regional sites of online fashion portal Zalora. It’s all part of a concerted bid to expand recognition of Korean fashion bards across the broader Asia-Pacific region. Launched in…
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