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On Monday, AliExpress, Alibaba’s subsidiary, was slapped with a record-breaking €550 million (US$629 million) fine by the European Union for its failure to address sales of illegal, dangerous and counterfeit items on its platform. This penalty is considered…
The second-largest economy in the world is currently experiencing a dual-speed growth pattern. While factories are flourishing due to robust exports, domestic demand is on a downward trajectory due to an ongoing slump in the property market. In May, retail…
The prime office space vacancy rates in Hong Kong’s central business district have once again dipped into single figures for the first time in over two years, marking a resurgence in demand within the previously struggling office market. A Turnaround in…
Hong Kong’s premier supply chain manager, Li & Fung, has recently entered into a licensing contract with C&C California. This agreement grants Li & Fung exclusive rights to wholesale distribution across all retail platforms, including full-price, off-price,…
The rate of retail sales growth in Singapore experienced a significant deceleration in December, following an impressive surge in November. As per the data provided by the Department of Statistics, retail sales, excluding motor vehicles, saw an increase of…
In December, retail sales in Hong Kong rose by 6.6% compared to the previous year, marking the eighth consecutive month of growth. This trend indicates a steady economic recovery in the region, according to recent government data. This increase amounted to a…
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…
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…
Amazon is reportedly planning to eliminate around 30,000 jobs in its corporate division, a move that one analyst referred to as a ‘deep cleaning’ of the organization’s workforce. This reduction would affect about 10% of Amazon’s nearly 350,000 corporate…
South Korea’s retail industry is swiftly growing its private label (PB) business by extending beyond food and household items to include clothing, innovative digital platforms, and even international markets. This expansion comes as firms ranging from…
Style Theory, a Singapore-based online clothing rental platform, has recently ceased operations due to increasing operational costs and the departure of its key investors. Established in 2016, Style Theory functioned as an online rental platform that operated…
Retailers across Asia are increasingly embracing omnichannel strategies to meet the evolving demands of consumers, who now expect seamless shopping experiences that blend online and offline platforms. This shift is not just a response to the challenges posed…
In Tokyo and other major Japanese cities, the race is on among outdoor and sportswear manufacturers to secure coveted street-level retail spaces. These brands are making their mark in urban environments as they tap into the growing demand for high-quality,…
Nearly half the population of Singapore appears to have tuned out traditional marketing efforts, as a recent report by Blackbox reveals that 49% of Singaporeans ignore brand advertising or social media outreach. This figure rises to an eye-opening 57% among…
Retail giant Alibaba has unveiled an ambitious new plan that aims to redefine the e-commerce landscape in Asia. In a move that has industry watchers buzzing, the company is expanding its “New Retail” strategy, which seeks to integrate online and offline…
In July, the retail sector in Singapore displayed promising growth, with most categories reporting an uptick in sales. July’s Retail Sales Growth Singapore’s retail industry experienced an impressive 4.1% increase in July, a significant improvement over…
