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Global analysis firm ABI Research has found that the global Warehouse Management System (WMS) market will be worth US$5 billion by 2025, growing at a CAGR of 13.9 per cent. The period will see a warehouse boom with some 57,000 more distribution centres in…
The unprecedented extension of the Japanese Golden Week holiday to 10 days has seen a surge in tourists visiting South Korea. The holiday was extended to mark the enthronement of Crown Prince Naruhito from the usual April 29 to May 5 period. Duty free…
Indonesian retail sales grew by 10.1 percent in March following a 9.1 percent increase in February, according to central bank survey data. The strong March performance was underpinned by sales of apparel along with automotive parts and accessories. However,…
Fresh from a US$20 million funding injection, omnichannel-solutions startup CitiXsys plans to open six offices across Asia, eyeing region-wide expansion. CitiXsys’ new offices will be located in Singapore, Jakarta, Ho Chi Minh City, Manila, Bangkok, and Kuala…
Hong Kong retail sales in March slipped by a negligible 0.2 percent, a slower decline than the 1.6 percent of January and February combined. But figures from the Census and Statistics Department show first-quarter retail sales were still down 1.2 percent year…
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…
Sephora Hong Kong has confirmed not one, but eight stores in its return to brick-and-mortar retailing in the territory – but shoppers will have to wait until August for the first outlet to open. As previously reported, the LVMH-owned chain will open a…
Mounting losses in the South Korean e-commerce industry are calling local business models into question. Competitive pricing and fast delivery capacities have made the industry an ascendant phenomenon in the territory, with the purchase of a whole spectrum of…
Elimination of many tariff lines for goods under the CPTPP has helped Vietnam’s exports to Japan increase sharply in the first quarter of this year, according to the General Department of Customs. Vietnam’s export value to Japan in the first quarter surged…
Hong Kong retail sales rose at their fastest rate in more than 30 months in September, underlining the industry’s steady recovery. The Census and Statistics Department (C&SD) estimated retail sales totalled HK$35.7 billion during the month, up 5.6 per cent on…
The Hong Kong Monetary Authority (HKMA) said on Friday that it had granted stored value facilities (SVF) licences to eight more issuers including Paypal Hong Kong Limited, bringing the total to 13. “We are pleased to see companies with diverse backgrounds…
Yokohama Rubber Co. Ltd. is gearing up to participate in the new Gaikindo Indonesia International Auto Show 2015. The event is scheduled for Aug. 20‒30 in South Tangerang, in Indonesia’s BSD City. Yokohama said it will be represented at the show by its…
