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Vietnamese manufacturers are set to increase their selling prices following the 8.36 per cent hike in electricity price that launched from March 20. Việt Nam Cement Industry Corporation (VICEM) Bút Sơn announced it would increase the price of its cement by…
Furniture firm Fritz Hansen has launched a Jaime Hayon-designed showroom in the Chinese city of Xi’an. The new 1000sqm gallery, represents a stage in the brand’s ambition to become the largest Danish brand in China, is Fritz Hansen’s first store in China and…
The Apple Watch is the world’s most popular line of smartwatches right now, holding about 50% of the global market. When Apple announced the Apple Watch Series 4 last year, there was one feature that stood above all. It wasn’t the larger display or the…
Yunnan Baiyao Group, one of China’s largest pharmaceutical and healthcare companies, has selected Manhattan Associates Warehouse Management System (WMS) to transform its digital supply chain and power the next phase of its growth strategy. The solution will…
Hong Kong-listed luggage giant Samsonite International has achieved its seventh consecutive year of sales growth following its listing in 2011. Net Samsonite sales were up 8.4 per cent on a constant-currency basis to US$3.797 billion in the year to December…
Manhattan Associates today announced that leading Dutch online retailer Wehkamp has selected Manhattan’s Warehouse Management System (WMS) to manage its new distribution centre (DC) in Zwolle, Netherlands. The project, part of a €40 million investment Wehkamp…
7-Eleven Malaysia CEO Colin Harvey believes the company can do ever better this year after a modest improvement in sales last financial year. The company’s revenue crept up 1.3 per cent last year to RM2.22 billion (US$546 million), with after-tax profit up…
Three major aviation deals were signed Wednesday in the presence of Vietnamese and U.S. presidents Nguyen Phu Trong and Donald Trump. Budget airline Vietjet signed with U.S. airplane manufacturer Boeing Company a deal to buy 100 new narrow-body 737 MAX…
Southeast Asia’s e-commerce market is set to exceed US$102 billion by 2025, according to a study by Google and Singapore’s Temasek. As more and more consumers are attracted to shopping online for convenience and they build trust in the channel, investors in…
Malayan Banking Bhd’s (Maybank) registered highest ever net profit of RM8.11 billion for the financial year ended December 31, 2018 (FY18) from RM7.52 billion a year ago, mainly underpinned by higher loans growth, lower overhead costs as well as lower…
For more than 21 years, U.S. based personalized experiential toy retail brand Build-A-Bear has been sharing hearts and bear hugs globally, and after a long wait, Tablez – the retail arm of LuLu Group International, has launched the first Build-A-Bear store in…
Emart, a Shinsegae Group company, will open a new branch of Traders, its big-box warehouse chain, in Seoul next month. It will be the first branch in the capital. The outlet will be located in Wolgye-dong, Nowon District, northern Seoul, with the opening…
Swedish cafe chain Wayne’s Coffee has opened its first outlet in China. The new store on Shanghai’s Nanjing Xi Lu serves coffee, sandwiches and Swedish pastries to consumers. The move represents a courageous first step in a market dominated by international…
Vietnam’s newest carrier, Bamboo Airways, which began flying last month, is set to sign a deal with Boeing to buy 10 aircraft. The signing will take place on the sidelines of the second summit between U.S. President Donald Trump and North Korean leader Kim…
Shoppers did not spend as much as expected this past holiday season. Holiday sales were up just 2.9 percent in 2018, the National Retail Federation said, on the heels of the Commerce Department announcing retail sales for December fell 1.2 percent, the…
Korea’s Finance Minister Hong Nam-ki said once the world’s first 5G smartphone is introduced at the end of March and 5G connectivity is in full swing, life will improve significantly. “Commercialized 5G is a core infrastructure of the fourth industrial…
