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Singapore retail sales continued their rebound in July, rising 18.1 per cent year on year, excluding motor vehicles. That followed a 19.9 per cent increase in June, both months reflecting the low base of a year earlier when Covid restrictions on border…
Retail sales in South Korea rose 9.7 percent on-year in July amid eased COVID-19 curbs and the growth in people’s outdoor activities, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 14.17 trillion won…
The Monetary Authority Singapore is reeling back on retail access to cryptocurrencies with the latest consideration for more curbs. The MAS is considering tightening crypto rules for retail investors by «adding friction» to mass access, according to managing…
Amazon.com will invest in istyle, the company behind the @cosme review and retail site, gaining access to the Japanese beauty product vendor’s trove of user reviews. Under the agreement announced Monday, istyle will issue 2.5 billion yen ($18.7 million) in…
Retailers across the Southeast Asian region are under tremendous supply chain pressure due to increased demand for online orders, hyper-competitive pricing and faster delivery times. For online orders, customers want the cheapest price, shortest delivery…
Grocery chain Bach Hoa Xanh suffered an 8 percent fall in sales year-on-year in the second quarter to VND6.76 trillion (US$289.47 million) following its closure of hundreds of outlets. The subsidiary of electronics retailer Mobile World closed 251…
Amazon is continuing its crackdown on counterfeiters, this time against a social media influencer they claim was selling fake Cartier bracelets, necklaces and earrings. The online retail giant said on Wednesday that it filed two joint lawsuits with Cartier…
Retail sales in Singapore surged 17.4 per cent in April (excluding motor vehicles), faster than the rate of 13.6 per cent in March. Statistics Singapore said the increase was driven by sales of apparel, food & liquor – up by 46.6 per cent year on year – and…
McDonald’s became the symbol of glasnost in action 30 years ago when it opened its first restaurant in Moscow. But after temporarily shutting down more than 800 restaurants following the invasion of Ukraine, McDonald’s has decided to leave Russia altogether.…
Mr. Yol Phokasub, Chief Executive Officer of Central Retail Corporation PCL (CRC), announced “Central Retail has achieved success hitting record-high in Q4/2021 performance, with a revenue of THB 58,765 million +15%. EBITDA THB 8,031 million +42% and a net…
The prices of many consumer goods, especially food and foodstuffs, have skyrocketed in the first quarter of this year driven by higher input costs and record gasoline prices. At her local retail store last weekend, Loan, a worker in a garment factory in…
Malaysia’s wholesale and retail trade recorded the highest monthly sales value amounting to RM120.5 billion in December, with annual sales recording a four percent growth to reach RM1.3 trillion in 2021 compared with the preceding year, according to the…
After closing all his stores, veteran fashion designer Tadashi Shoji said he has been able to keep his business afloat during the Covid-19 pandemic thanks to the success of e-commerce and custom sales. The Los Angeles, California-based brand released its…
The Asian retail landscape is significantly challenged today. With supply chain issues impacting on stock levels, increasing volumes of returns and increased customer expectations in relation to online deliveries – local brands will have a hard time in…
Retail sales in Singapore will continue to see modest growth in December as well as in the first quarter of 2022 on the back of increased mobility, according to a report by RHB. RHB said retail sales in Singapore have been on an uptrend since July based on…
In light of its proud achievements in 2021, Lazada Vietnam expects more breakthroughs in 2022 to bring more value for their customers and partners. Lazada hit impressive milestones in 2021, with remarkable profits, site traffic and record number of orders and…
