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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…
Woolworths has inaugurated a regional distribution center in Western Sydney, advancing a $1.3 billion commitment to automated supply-chain infrastructure. The facility is strategically located adjacent to the supermarket’s national distribution center, and…
Retail sales in Singapore continued their upward trajectory in September, albeit at a slower rate than in August. Retail Sales Trend In September, retail sales, excluding motor vehicles, rose by 2 per cent. This is a slight dip compared to the 4.7 per cent…
In the first three quarters of the year, consumers in Vietnam have shown a growing preference for e-commerce, spending approximately VND34 trillion (US$1.3 billion) per month on popular platforms such as Shopee, TikTok Shop, Lazada, and Tiki. According to…
Shinsegae Inc, a major retail conglomerate in South Korea, announced on Thursday that it plans to shut down its duty-free business unit in Incheon International Airport’s DF2 zone. This decision has been prompted by growing losses. Motivation Behind the…
Woolworths, a major retail group, has announced a rise of 2.7 percent in its total sales for the first quarter of the current fiscal year. The increase, which pushed the company’s revenue to $18.5 billion, is mainly due to a surge in food sales and the…
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 the rapidly evolving landscape of retail technology, the integration of artificial intelligence (AI) is increasingly becoming a cornerstone for businesses across Asia. Yet, amid the excitement lies a pressing question: How prepared are organizations in…
July’s retail sales in Hong Kong experienced an upward trend, marking the third consecutive month of positive growth. Sales figures showed a 1.8% year-on-year increase, achieving a total value of HK$29.7 billion ($3.8 billion). This increase followed a more…
In June, retail sales in Singapore, not including motor vehicles, exhibited a modest 0.4% rise year-on-year, as reported by the Department of Statistics. This minor upswing follows a period of stagnant growth in May. With seasonal adjustments, retail sales…
In the fast-paced world of retail, brands often find themselves caught in a web of immediate consumer demands and long-term strategic planning. One company feeling the heat is H&M, which has recently made headlines for its sustainability initiatives and focus…
Hong Kong’s shopping landscape is poised for a remarkable transformation with the introduction of a unique retail pop-up venture by SenseTime and Hong Kong’s own K11 Art Mall. This innovative concept aims to blend art, technology, and retail in a synergy that…
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…
The latest Henley Private Wealth Migration Report for 2024 paints a revealing picture of high-net-worth migration trends, highlighting Singapore’s enduring allure despite a slight decline in millionaire inflow. The city-state is projected to welcome a fresh…
