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61 stories in this topic
Singapore retail sales rose 2.6 per cent in March, excluding motor vehicles, as the sector’s slow but steady recovery continues. Month-on-month, retail sales rose 1.1 per cent. The headline figure – which includes motor vehicles – showed a year-on-year…
Sales at South Korea’s department stores in December rebounded from November on year-end gift purchases, trade ministry data showed on Monday, while sales for the whole year ended on a positive note, reversing two years of decline. Combined sales last month…
Japanese department store sales fell 2.4 per cent in November, year-on-year, the ninth consecutive monthly decline. The Japan Department Stores Association reported total sales at 234 outlets run by 81 companies were ¥525.7 billion, (US$4.47 billion). It said…
Target China is continuing to learn about the vast mainland market as it builds brand awareness in the region in preparation for a major push. Vincent Lau, GM China with Target Corporation, told the Omni-Channel Retailing Conference half-year seminar…
South Korea’s department store sales rose for a third straight month in August thanks to widespread discounting ahead of a major public holiday this month, government data showed on Thursday. Combined sales at department stores run by Hyundai Department…
Designer outlet malls are sprouting up all over mainland China, even as department stores find themselves struggling amid a slump in retail sales. At least 17 new outlet malls are scheduled to open in China in the second half of 2016, according to a report by…
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…
Evergreen guides that explain the mechanics behind this topic.
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