Topic
14 stories in this topic
Amid ongoing challenges in the global retail landscape, several industry giants are adapting their strategies to capture the unique opportunities presented by the Asian market. The latest results from major players like Uniqlo, Zara, and H&M underscore a…
Despite witnessing a 4.3% slide in sales last year, French luxury conglomerate Chanel has committed to maintaining its heightened capital expenditure this year. The persistence of market instability, especially in Asia and the U.S., has not deterred the…
In the ever-evolving landscape of the retail industry, one constant remains: the relentless pursuit of continuous improvement to exceed customer demands. This journey, which aims to enhance operational efficiency, reduce waste, and elevate customer…
The recent layoffs by tech firms in the U.S.’s Silicon Valley have not significantly affected Vietnamese there, and things will return to normal soon, Le Chan, chief engineer at AI startup TruEra, tells VnExpress. Layoffs.fyi, the layoff statistics site,…
Sales at South Korea’s top department stores rebounded sharply in February from the previous month, government estimates showed on Tuesday, reflecting this year’s change of timing for the Lunar New Year holiday. Combined sales last month at department stores…
The two sides will collaborate to enable a Buy-Now-Pay-Later solution for merchants in Southeast Asia. Razer Fintech, the financial technology arm of Singapore gaming and technology brand Razer, is expanding its fintech offerings and its payments ecosystem…
Malaysian retail trade sales plunged 32.5 percent year on year in April, according to the Department of Statistics Malaysia (DoSM). The significant decline occurred as many retailers were heavily affected by the imposition of the Movement Control Order.…
Vietnam retail sales have dropped just 4 percent over the first five months of this year, despite a four-week shut down due to the Covid-19 crisis. According to the General Statistics Office (GSO), the retail revenue reached more than US$82.36 billion from…
The Covid-19 pandemic has erased US$420 billion from China’s retail market this year – but an analyst predicts a rebound in the second half. Vijay Bhupathiraju, a retail analyst at GlobalData says before the coronavirus came along, Mainland China was on track…
Sneaker giant Nike India has more than halved the number of its retail partners, from around 350 to just 150. The cull is part of a global strategy to reduce the number of physical sales points to focus online and on its own flagship stores. Nike has singled…
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…
Hong Kong International Airport’s one-stop online-shopping platform HKairportshop.com is making orders purchased via the platform ready for pickup at the airport 90 minutes after the purchase is made – including duty-free hard liquor. The e-commerce platform…
Nine out of 10 customers say a bad experience with a company impacts their future buying decisions, with 42 percent saying it stops them buying from a brand altogether, according to new research by customer service software company Zendesk. The firm’s…
Suning.com’s first-quarter online sales soared 40.87 per cent as the company’s smart-retail strategy continues to drive the rapid growth. Operating income of RMB 62.2 billion (US$9.2 billion), represented a 25.44 per cent increase on the same period last…
