Tag
39 stories in this topic
Department store Parkson Retail Asia has managed a turnaround with profit before tax (PBT) of S$35 million (US$25.8 million) for the year ended June 30, compared to a pre-tax loss of $40.6 million the previous year. Profit was boosted by gain from a partial…
SM Prime CEO, Hans Sy, has announced a semi-retirement. Sy has also served as SM Prime’s president since 2004, while holding key positions in SM subsidiaries and affiliates. Teresita Sy-Coson, vice chairperson of SM Investments – parent company of SM Prime,…
Tesco Thailand aims to double its online shopping sales annually for the next three to five years. Local digital and online business director for the UK-owned Tesco Lotus business, Wanna Swuddigul, told The Nation newspaper Thai shoppers are looking for…
UAE-based retail major Lulu Group has opened its first hypermarket in Kuala Lumpur, Malaysia, as part of its plans to further consolidate its retail presence in the Far Eastern region. The 250,000 sq ft hypermarket was inaugurated by the Malaysian Prime…
SM Mall of Asia is set to revolutionize its look 10 years after it opened in Manila Bay. The Philippines’ biggest mall will soon house a FIFA World Cup-size soccer field on the mall’s roof deck and a botanical garden. Miami-based firm Arquitectonica will…
Despite contributions from new outlets, Parkson Retail Asia’s department stores have seen third-quarter group revenue fall by 15.6 per cent to S$98.4 million (US$71.5 million), with a 14.4 per cent drop to S$294.6 million for the nine months of its current…
Cooking is big in Korea. There are currently more than a dozen cooking shows on Korean television, featuring variety of cuisines, restaurants, and famous chefs, and Korean department stores are benefiting from this food-frenzy phenomenon. Major department…
The company’s planned capital expenditures in 2016 is a 59 per cent increase from the P3.1 billion it spent in 2015. Robinsons Retail said expects to reach more than 200 stores in 2016 and would continue to explore merger and acquisition opportunities. “We…
SM Prime is opening its 57th mall in the Philippines. SM City San Jose Del Monte will open today. It is the third in the province of Bulacan after SM City Baliwag and SM City Marilao. The new mall will add 101,000 sqm in gross floor area to the total…
Thai cash-and-carry chain Siam Makro plans to invest up to 9 billion baht ($258 million) in opening stores this year in Thailand and overseas. Its parent company, CP All, which through its ownership of 7-Eleven Thailand is the country’s largest convenience…
Food retailer Spar Asia had “significant” developments during its latest financial year. In a partnership with Ramayana, the Amsterdam-based group opened 15 stores in Indonesia in nine months, had rapid growth in India after re-entering the market in 2014,…
Despite economic growth cooling, Parkson Retail Group (PRG China) is confident about its shopping mall opening this month in Qingdao. This confidence is underlined by an Asian Development Bank prediction that the Chinese economy will grow 6.5 per cent this…
Marui Group is opening a seven-floor retail centre that will take up half of the new Kitte Fukuokadepartment store. With its headquarters in Tokyo and known for its “OIOI” sign, the group will be launching Hakata Maruion floors one to seven at the 14-floor…
TANGS has announce that Mr Kevin M. Dyson will be appointed Chief Executive Officer (CEO) with effect from 1 April 2016. He will also be appointed as a member of the Board of Directors of C.K. Tang Limited. According to a release from TANGS, effective 1 April…
Eyeing the growing tourist market, Japanese department store Takashimaya is going duty free with an airport-style store in Tokyo. Not only sales tax, but also alcohol and tobacco duties will be waived under the venture, in which the Takashimaya Tokyo store is…
Hit with a 15 per cent sales slump since the introduction of GST in Malaysia, embattled department store operator Parkson is set to enter new categories – gourmet food, supermarkets, beauty – and import new fast fashion brands. The company has invested RM100…
Evergreen guides that explain the mechanics behind this topic.
Store operations
A phased checklist covering legal, fit-out, systems, stock, staffing and launch, written for opening a store in an Asian market where permits and landlord a…
Retail Toolkit · 9 min read
Store operations
How to staff, schedule and run stores in Brunei, including labour realities, festival peaks and the standards that actually get audited.
Asia Market Guides · 8 min read
E-commerce
Ship-from-store, click and collect, marketplace fulfilment and live commerce, what each model demands from inventory accuracy, staffing and systems, and whe…
Retail Operations · 11 min read
KPIs and definitions
Plain definitions and formulas for the retail metrics that appear in Asian earnings calls, investor decks and operating reviews, with notes on how each one…
Retail Toolkit · 8 min read
Weekly Briefing
Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.