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The banking sectors across South Korea, Taiwan, Thailand, Hong Kong, and China are bracing for challenging times ahead, with a deteriorating outlook for 2025 driven by increased trade tensions and tariff impacts that are expected to hamper loan growth and…
Lotte Department Store, one of South Korea’s country’s major department-store chain operators, will introduce a do-not-disturb shopping service it dubs ‘shop-alone’. Aimed at customers who do not wish to be approached by sales clerks and other employees – a…
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 Mumbai retail landscape is poised for an exciting transformation, with JLL analysts forecasting a vibrant expansion of premium malls packed with new local and global brands—all designed to elevate the shopping journey. Promising Growth on the Horizon As…
According to a comprehensive 2025 survey conducted by HSBC, over a third of Asian companies are shifting their trade focus towards South Asia and Europe, while more than a quarter are scaling back their dealings with North America. The poll, encompassing over…
Retailers are gearing up for a game-changing era as they embrace the power of artificial intelligence (AI). With technology rapidly evolving, retailers across Asia are discovering AI’s potential to personalize experiences, streamline operations, and redefine…
Retailers must focus on shifting consumer preferences. In the past decade, global retail supply chains have navigated a storm of challenges, from the COVID-19 pandemic and advancements in artificial intelligence to tariffs and threats to shipping routes.…
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,…
The continued downtrend in retail sales in Hong Kong marked its 14th consecutive month in April, as per the latest government data. Local consumers have adopted a cautious approach towards spending, and tourists from mainland China have been opening their…
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…
The initial quarter of 2025 has proven challenging for South Korea’s department store sector due to a slow down in local consumption that has greatly affected sales and profits. Lotte Department Store stood as the exception, recording a significant growth in…
On Monday, Vietnam’s benchmark VN-Index saw a modest drop of 0.20%, closing at 1,226.8 points. This decline marks the index’s lowest trading activity in over two weeks, reflecting a period of cautious investor sentiment. Highlighted Trends in Trading Volume…
Top leaders from the realms of politics, finance, and technology will converge in Zurich for the highly anticipated third edition of the Point Zero Forum. This event, taking place from May 5 to 7, 2025, aims to address pivotal issues impacting the financial…
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…
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…
E-commerce transaction values are growing steadily in Indonesia, with the market size up from $18.2 billion in 2020 to $40.8 billion last year. According to data and analytics company GlobalData, this represents a compound annual growth rate (CAGR) of 22.3…
