Topic
65 stories in this topic
Hong Kong’s retail sector has seen a seventh consecutive month of increased sales, with a 6.5% rise in value during November, according to government reports. The retail sales for the month totalled HK$33.7 billion (US$4.33 billion), demonstrating a steady…
KK Group, a Chinese lifestyle retailer, is making a strategic return to the Indonesian market. The company plans to reintroduce three of its brands: X11, KKV, and The Colorist. The Return of X11, KKV, and The Colorist The reintroduction begins with X11, KK…
Hong Kong’s retail sector has seen a significant upswing, with October marking the sixth consecutive month of sales increase. As per data from the Census and Statistics Department, there was a year-on-year increase of 6.9% in retail sales, provisionally…
SM Investments, a conglomerate with operations in retail, banking, and property, experienced solid retail sales during the first three quarters of the year. These robust sales contributed to a consolidated net income of US$1.09 billion, a 6% rise compared to…
Gap Inc. has joined forces with Google Cloud in a multi-year partnership aimed at fast-tracking the company’s tech strategy through the application of artificial intelligence (AI). The overarching objective is to bolster operations and improve consumer…
In June, Hong Kong experienced an increase in retail sales, albeit at a slower pace than the previous month of May. The total retail sales for the special administrative region came in at HK$30.1 billion (US$3.8 billion), marking a 0.7 per cent year-on-year…
Retail sales in Taiwan experienced a decline of 2.9 percent in June, falling to a total of NT$390 billion (US$13.3 billion). This downward trend marks the third consecutive month of sales decreasing. Decline in Retail Sales The drop in sales fell within the…
The retail landscape in Asia has been buzzing with activity as major players adapt to the evolving market dynamics. With the ongoing embrace of e-commerce and a resurgence of physical shopping, businesses are honing their strategies to capture the attention…
In a decisive move signaling a shift in China’s retail landscape, authorities are gearing up to impose stricter regulations on online retail platforms that have been compelling third-party merchants into a relentless price-cutting frenzy. This comes as part…
While the city-state claimed the fourth spot in the rankings, Singapore’s 81 companies amassed an impressive US$637 billion in revenue last year, according to a recent report by a prominent U.S. business magazine. This staggering sum represents a third of the…
The vibrant tapestry of Vietnam’s economy continues to weave success as new trade data emerges, revealing a noteworthy trade surplus of US$4.67 billion for the first five months of 2025. According to the Department of Customs under the Ministry of Finance,…
Vietnam’s retail landscape is flourishing, driven by a burgeoning middle class and a spirited demand for both online and in-store shopping experiences. As e-commerce is projected to soar to an impressive US$50 billion by 2025, it’s clear that physical retail…
Retail News Asia has been a key source of retail industry news in Asia for 13 years. This online platform provides valuable information, market trends, and breaking news to businesses and consumers na…
Singapore retail sales – excluding motor vehicles – continued to decrease in August, but at a slower pace compared to the previous months. The city-state saw a 1.5 percent drop in retail sales for the month, a slight improvement from the 2.3 percent reduction…
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…
A slump in auto sales last quarter pushed Vietnam from fourth to fifth place in Southeast Asia. Vietnam has for years been the fourth largest auto market in the region after Indonesia, Thailand and Malaysia, but suffered a 25% drop in sales in the first three…
