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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...

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Automated 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...

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China'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...

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Myer 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...

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Samsonite 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...

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For 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...

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Stores 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...

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Hong 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...

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Indonesia'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...

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Toys "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...

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IKEA 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...

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Hugo 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...

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Italian 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...

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Hong 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...

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India'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...

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Retail 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...

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Asian 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...

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Alibaba 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....

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China'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...

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Online 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...

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