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In response to a heightened crackdown on counterfeit goods, a wave of shop closures has swept through bustling markets in Ho Chi Minh City (HCMC) and Hanoi. Authorities have intensified their efforts to eliminate counterfeit products, particularly among…
Vietnam’s coffee exports in 2023 are expected to break the record of US$4 billion in export value set in the previous year. According to the Ministry of Agriculture and Rural Development, the country shipped 1.36 million tonnes of coffee abroad, earning…
Businesses serving food and drink in Hanoi and Hai Phong have seen a surge in consumers during the first few days of the Lunar New Year. Many coffee shops in Hanoi closed on January 22, the first day of Tet, and started welcoming patrons again the following…
Spanish fashion label Desigual says it plans to open 60 stores in Mainland China, including flagships in Shanghai and Beijing. The launch will be via a joint venture with E-Shine, also a local partner of listed fashion company Septwolves Industrial. Desigual…
Social commerce is about to get a whole lot more social, with Facebook announcing the launch of its business-to-consumer marketplace offering Facebook Shops. The new platform began rolling out in New Zealand yesterday and will be progressively rolled out…
Chinese toy retailer Kidsland International is opening its fifth Hong Kong Lego store, despite the economic downturn and the continuing coronavirus pandemic. “We see resilient demand for Lego products for kids and for those who are spending more time at…
Fast-fashion retailer Esprit says foot traffic into its stores worldwide have evaporated in the wake of the coronavirus pandemic and warned shareholders to expect a “considerable loss”. Public health initiatives enacted in many countries across the world…
Furniture and housewares retail Pricerite has closed four stores and will cut staff and executive salaries as it rides out the combined impact of the protests and now the coronavirus on sales. Four stores have been closed, the company said in a statement,…
Increased full-price sales and lower markdowns signal that H&M’s multi-pronged transformation plan is paying off, according to GlobalData analyst Kate Ormrod. H&M fourth-quarter sales were affected by the later timing of Black Friday last year, compared with…
There’s a new trend capturing South Korean consumers’ attention: shops without stock, focusing on experience rather than instant retail sales. With a growing number of consumers choosing and purchasing products online or on mobile devices, hands-on stores…
Singapore Airlines’ inflight and online travel retail store KrisShop has revamped its brand and launched a new website. To mark the launch, KrisShop is curating a pop-up exhibition in downtown Singapore, divided into several experiential zones, each…
Multi-label concept store NomadX has updated and expanded its space, adding new stores. Technology has also been rolled out: along with a touchscreen directory, interactive screens and “game stations” that help customers to find their style, there are mirrors…
Hong Kong-headquartered jeweller Tse Sui Luen has reported a 9.6 per cent increase in profit for the full year, despite a marginal 1.7 per cent drop in group turnover. Profit attributable to shareholders was HK$54.2 million (US$6.9 million) on sales of $4.065…
German auto giant has inaugurated its first city and pop-up stores in India, in a bid to expand its presence and touchpoints in the country. The manufacturer opened its first City store at Richmond Road in Bengaluru, while the Pop-up store opened in Tumkur.…
Coles is ramping up its convenience strategy, with a plan to grow sales on the back of “food-for-now” and “food-for-later” products. As part of this strategy, the brand will convert around 200 Coles supermarkets to a more premium, convenience-focused format,…
Data platform Next Billion is collaborating with data exchange service Ocean Protocol to pilot a new data-sharing model that gives Indian rural store owners an extra income stream. Next Billion, which creates insights to enable companies to expand in…
