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The Shoppes at Marina Bay Sands has revealed a list of store openings and new brands for the shopping center this year. In the childrenswear category, Italian label Monnalisa has opened its first Southeast Asian standalone store, following the opening of Fila…
Health and beauty retailer AS Watson has opened up its Moneyback loyalty program to help retailers in Hong Kong promote their businesses for free in preparation for an easing in the coronavirus pandemic. “The pandemic has hit every community hard in many…
“Customers today care less about the breadth of assortment and more about availability.” Covid-19 has accelerated key underlying global retail trends that were already reshaping the industry according to a new report by KPMG. The research finds that retail…
Clarks, the UK-based shoe retailer, will cull the ranks of its corporate staff by a net 700 people worldwide, including in Asia during the next 18 months. In all, 900 jobs will be lost, the first 160 of which were announced in the UK this week. However by the…
Global apparel spending is predicted to decline by 15.2 percent this year – equivalent to US$297 billion – as a direct result of the coronavirus pandemic. According to research by GlobalData, the worldwide apparel market will not return to the level of last…
Hong Kong cosmetics retailer Bonjour Holdings has delisted slow-moving products and trimmed its store network as it grapples with falling sales and mounting losses. The company has just released its results for last year, when sales fell by 18.7 percent,…
Ikea has launched a flagship store on Alibaba’s marketplace Tmall, the first third-party platform the brand has partnered within Asia, and after leaving Amazon last year. Initially, with a six-month trial across the Chinese provinces of Jiangsu, Zhejiang and…
Nippon Passport has raised ¥200 million (US$1.82 million) in pre-series A funding, led by private investors and business companies through a third-party allotment. In response to the Japanese government’s target to attract 60 million foreign tourists annually…
Chinese tea chain Nayuki will launch its first stores in Japan and the US this year. The firm, which operates nearly 400 stores in China and three in Singapore, serves tea blended with fruit, cream cheese and toppings. “With our commitment to becoming an…
Hong Kong-based retailers will continue to face tough times as domestic and international issues impact the economy according to a leading analyst. Anne Ling, an equity analyst at investment bank and financial-services company Jefferies Group, says every 10…
An unidentified Hong Kong toy-shop owner has been convicted of misleading omission commercial practice. The owner was convicted of engaging in commercial practices involving misleading omission according to the Trade Description Ordinance (TDO) and sentenced…
The Thai retail industry is facing a period of low consumer confidence, according to a CBRE research report, resulting in little sales growth. The firm’s 2019 Year-End Wrap-Up For Bangkok Commercial Market report revealed that the Thai retail industry has…
Chinese O2O retailer Suning plans to open 10,000 new stores next year, capitalizing on ‘consumption upgrade’ in China. Founder and chairman Zhang Jindong said the company will invest 40 billion RMB (US$5.7 billion) to support its expansion spree, estimated to…
Although take-up has been patchy so far, there is a bit of a buzz around augmented reality (AR) in the retail sector, and it is definitely getting louder. Kate Ancketill, the CEO and founder of GDR Creative Intelligence is something of an evangelist on the…
South Korean companies are engaged in a fierce battle with Japanese rivals in the Vietnam retail market, which has emerged as a “post-China.” According to the Korea Trade-Investment Promotion Agency, the Vietnam retail market has been growing rapidly, with an…
Singaporean online shopping business Shopee is aiming to boost its market share in Southeast Asia. The firm is targeting an expected exponential increase in the number of online shoppers in the region, according to a recent interview published in Yahoo…
