CP All in USD433m drive to expand store operations
Source: Bangkok Post Thailand's retail company CP All Plc has earmarked THB14 billion (USD432.6 million) to expand its convenience and cash-and-carry store operations this year on the back of...
View ArticleAutomated technology to boost airport passenger spending
Source: The Sydney Morning Herald Online Investments by airlines and airports in automated technology that helps passengers check-in, drop their bags and pass through security and immigration queues...
View ArticleChina's luxury big spenders: young, trendy and not so rich
Source: CNBC Global luxury brands expanding in China are better off targeting the HENRYs – "high earners, not rich yet" – instead of the ultra-wealthy, as a slowing economy and a government that...
View ArticleMyer may be planning to close stores
Source: The Sydney Morning Herald Online Australian retail giant Myer could close seven stores to help reignite sales growth, analysts say.The department store chain has a number of underperforming...
View ArticleSamsonite Asia sales up 18pc in 2014, driven by China market
Source: Retail in Asia Premium luggage maker Samsonite posted strong double-digit sales growth in all regions in 2014, led by Asia and North America.The company said on Tuesday that net sales for the...
View ArticleFor HK, a chill sets in as rich China tourists shop elsewhere
Source: CNBC Chinese tourists are rapidly deserting Hong Kong, leaving retailers who built businesses around once insatiable demand from mainland neighbours with bigger but emptier stores and...
View ArticleStores lure the internet generation in Thailand
Source: Bangkok Post Hypermarkets, department stores, shopping centres and convenience stores in Thailand are all aggressively moving further into online services.Their goal is to spur shopping from...
View ArticleHong Kong retail rents drop as Chinese shoppers stop
Source: CNBC A drop in Chinese tourist numbers is driving down shop rentals in Hong Kong, with vacancies increasing in the same prime areas that just three years ago pipped New York's Fifth Avenue to...
View ArticleIndonesia's 1st Aeon Mall to open in May
Source: Jakarta Globe Shopping mall developer Aeon Mall Indonesia and real-estate giant Sinar Mas Land, have joined forces to open Indonesia's first Aeon Mall on 30 May, a company executive revealed...
View ArticleToys "R" Us Australia accumulates USD344m in losses
Source: The Sydney Morning Herald Online Toys "R" Us, the self-described "world's first toy supermarket", has racked up accumulated losses of almost AUD450 million (USD343.9m) since arriving in...
View ArticleIKEA in shopping mall push
Source: Bangkok Post IKEA, the world's biggest furniture retailer, plans to spend up to EUR3 billion (USD3.2 billion) on new shopping centres over the next 5-7 years, aiming to cash in on the...
View ArticleHugo Boss the latest luxury brand to feel the sting of China's spending slowdown
Source: red luxury Hugo Boss is the latest luxury brand to feel the effects of the slowdown in China.The company announced that net profit fell 7 percent to EUR75.6 million (USD86.1m), well below...
View ArticleItalian luxury CEO still believes in China
Source: CNBC Despite a drop in luxury spending by Chinese consumers, the chief executive of luxury goods maker Ferragamo told CNBC Friday that the world's second largest economy was still the main...
View ArticleHong Kong retailers shut shops as Chinese tourists stay away
Source: Jakarta Globe Some of Hong Kong's biggest retailers have closed stores and frozen expansion plans in the past year in response to a drop in the number and spending power of their main...
View ArticleIndia's ecommerce groups target online grocery shoppers
Source: CNBC With operations in six of India's biggest cities – and starting in two more in the coming months – Big Basket is the biggest player in India's most promising yet challenging ecommerce...
View ArticleRetail chains in India bet big on online presence as sales in stores see a drop
Source: Business Standard "Click & Collect", "Ship from Store" and "Endless Aisles", seem to be the new buzzwords for brick-and-mortar retailers. These are terms being used by offline retailers...
View ArticleAsian shoppers lift Japan department store sales, outlook murky
Source: The Business Times Sales at Japanese department stores and convenience stores rose in June for a third straight month, industry data showed, offering some relief to policymakers worried about...
View ArticleAlibaba boosts fight against fakes to lure big brands
Source: CNBC Alibaba has launched an English-language version of its fakes hotline after it signed exclusive deals with international retailers in a push to draw more global brands to its platform....
View ArticleChina's big-spending tourists pause at stores as yuan drops
Source: CNBC China devalued its currency by 2 percent after a run of poor economic data – a move some economists think could herald a longer-term slide in the exchange rate. The downward move was the...
View ArticleOnline to offline seen as a marriage of convenience
Source: Shanghai Daily Connecting online to offline is the new Holy Grail for the biggest players in China's internet shopping explosion, whether they be domestic or overseas operators. E-commerce...
View Article
More Pages to Explore .....