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Southeast Asia’s retail scene in 2025 is a booming hub of growth and potential, fueled by a young, tech-savvy population of over 600 million consumers. The region’s retail market has evolved into a vi…
Alibaba.com, the global business-to-business e-commerce platform of Chinese tech giant Alibaba, will double its investment in emerging manufacturing centers in Vietnam and additionally hire hundreds of employees. In the next three years, Alibaba.com will…
South Korean retail sales rose by 2 percent during May, largely due to increased online shopping, according to the new Ministry of Trade figures. The year-on-year increase was strongly influenced by purchases of food and sanitary items online due to the…
The COVID-19 pandemic would have a major effect on developing economies in Asia and may even drive several countries into recession, according to the World Bank. The novel coronavirus presents a massive danger to one of the leading economic development…
South Korean duty-free retailers are temporarily shuttering metropolitan stores in response to a significant decline in tourist numbers caused by the coronavirus epidemic. Numerous outlets at prime tourist destination Jeju Island will be closed this month. A…
The six-week-long coronavirus lockdown is expected to slash Malaysian retail sales by 60.7 percent this month as non-essential stores are forced to close. Retail Group Malaysia, which calculates data on behalf of the Malaysia Retailers Association, estimates…
An unidentified Hong Kong toy-shop owner has been convicted of misleading omission commercial practice. The owner was convicted of engaging in commercial practices involving misleading omission according to the Trade Description Ordinance (TDO) and sentenced…
The world’s retail market is expected to slow down next year, but Asia will account for 45 percent of global retail sales, according to a new report from economic and business research group The Economist Intelligence Unit. In terms of volume, sales growth…
Giants Lazada and Tiki are racing to reduce their delivery times as competition heats up in Vietnam’s e-commerce market. Singapore-based Lazada Friday launched a 4-hour delivery service for flowers in Vietnam, a move in response to Vietnamese startup Tiki’s…
Central Singapore retail rents eased by 1.5 percent in the second quarter of this year, according to data from the Urban Redevelopment Authority. That followed a smaller quarter-on-quarter decline of 0.2 percent in the three months to March 31. At the end of…
In a significant strategic u-turn the Burberry beauty business is to be out-sourced again. The UK fashion brand has announced a partnership with Coty to help boost the growth of Burberry beauty products from October. “We are delighted to partner with Coty, a…
Hong Kong retailers wondering where those cashed up, big spending Mainland Chinese tourists have been unzipping their wallets… here is your answer: London. According to the Retail Gazette, spending by Chinese Visa card holders rose 44.5 per cent in the UK in…
Global Brands Group is discussing a possible “strategic alliance” with Chinese eCommerce companies Alibaba and JD.com. The two e-tailers are declining to comment on the matter, but based on comments by Global Brands CEO Bruce Rockowitz, Bloomberg reports the…
