Topic
275 stories in this topic
Singapore retail sales dropped 2.3 percent in July after motor vehicles were excluded from the data, compared with the 3.1 percent decline in June. According to the Department of Statistics, the estimated total retail sales value in July was SG$3.4 billion…
An industry-first study by global ecommerce accelerator, Pattern, has shown that despite their surging popularity, Australian consumers hold negative views on the quality of the products sold on emerging marketplaces Temu and Shein. The major Australian…
Continued revival of inbound tourism and private consumption helped Hong Kong’s retail sales notch a 10th consecutive month of growth in September, though it was slower than in previous months, official data showed on Wednesday. Sales increased 13 percent…
Vietnam and the U.S. should further promote the Comprehensive Strategic Partnership more effectively and substantively, focusing on economic cooperation, said Prime Minister Pham Minh Chinh. The PM made the statement at a reception in Hanoi on Wednesday for…
Hong Kong’s July retail sales rose 16.5 percent from a year earlier helped by an increase in visitor arrivals and positive consumption sentiment, government data showed on Thursday. Sales increased to HK$33 billion, marking an eighth consecutive month of…
Its net profit stood at THB2.31b during the quarter. Central Retail Corporation (CRC) reported its net profit grew by more than 75% year-on-year to THB2.31b in the first quarter. Over the same period, the company’s total revenue went up by 12% to THB63.2b.…
Singapore retail sales (excluding motor vehicles) grew by 2.5 per cent to SG$3.4 billion (US$2.5 billion) in June, following May’s 1.7 per cent increase. The country’s seasonally adjusted retail sales were up 0.2 per cent month over month, data from the…
Alibaba Group will make Europe top priority as it focuses on building local businesses and online platforms outside China, the president of the e-commerce giant said on Thursday. “What we will focus more for the future is to build local businesses, so you…
Mall operator Vincom Retail has reported after-tax profits of VND1.02 trillion (US$43.4 million) for the first quarter, a 2.7-fold rise year-on-year, amid a recovery in consumption. It was 23% up quarter-on-quarter, the company’s consolidated financial…
Manhattan Associates Inc., in partnership with Google Cloud and Zebra Technologies, has released the findings of the industry’s first real-world analysis of Unified Commerce in specialty retail. The Unified Commerce Benchmark for Specialty Retail, conducted…
This is despite softer demand as well as supply chain and logistics disruptions. Alibaba Group Holdings reported its net income attributable to ordinary shareholders grew by 138% to US$6.78b in the quarter ending in December 2022. The company attributed this…
The Cat Linh – Ha Dong Metro Line in Hanoi has received an additional VND911 billion ($38.6 million) capital increase. The money will come from state coffers, with 24.4% of it from domestic funds and the rest foreign funds, according to a decision signed by…
The trade surplus was US$0.78 billion in November, which took the year’s figure to $10.6 billion, the General Statistics Office said Tuesday. The surplus in the same period last year was $0.6 billion. But exports fell in November by 8.4% to $29.18 billion,…
Ikano Retail has recorded its highest turnover yet for the financial year to August 31, reaching US$1 billion across the five markets in which it operates Ikea stores – Malaysia, Singapore, Thailand, the Philippines and Mexico, equivalent to 41.2 per cent…
Takings at the till in Singapore grew faster in May, helped by a low year-ago base and the continued boost from tourist spending after travel restrictions were eased. Retail sales surged 17.8 percent year on year, extending the 12.1 percent growth in April,…
Vietnam saw its national brand value increase by 11% this year to $431 billion thanks to its foreign direct investment policies. Its increase of $184 billion year-on-year was the third highest of any country, U.K. consultancy Brand Finance said in a recent…
