Author Archives: Communications Department

US retail sales post biggest gain in six months

Retailers Hope Post-Christmas Sales Will Save Bottom Line

(Source: CNBC, Reuters |June 14, 2018) U.S. retail sales increased more than expected in May as consumers bought motor vehicles and a range of other goods even as they paid more for gasoline, the latest indication of an acceleration in economic growth in the second quarter. The Commerce Department said on Thursday retail sales jumped 0.8 percent last month, the ...

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Boom time: how Middle East e-commerce is about to heat up

online shop KSA

(Source: Arabian Business | June 16, 2018) While still in its early stages compared to other regions around the world, the region’s e-commerce market is finally beginning to boom – and as a result competition within it is heating up. Last week’s announcement that Noon, the online retailer launched by Emaar founder Mohamed Alabbar, had signed an agreement to buy ...

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Microsoft takes aim at Amazon with push for checkout-free retail

amazon go

(Source: Reuters | June 14, 2018) Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.com Inc’s automated grocery shop, six people familiar with the matter told Reuters. The Redmond, Wash.-based software giant is developing systems that track what shoppers add to their carts, the people say. Microsoft has ...

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Miniso India plans to open 200 stores this year

Miniso

(Source: Inside Retail Asia | June 13, 2018) Discount chain Miniso India plans to open 200 stores by year’s end. India has become a fertile market for many international retail brands, including Gap, H&M and Zara. So far, Miniso has opened 20 stores in India. A World Bank report says India’s economy has grown by 6.7 per cent from last ...

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Juniper Research predicts jump in digital commerce spend

E-commerce And Online Shopping

(Source: Inside Retail Philippines | June 7, 2018 ) Consumer spend on digital commerce will reach US$14.7 trillion by 2022, up by 60 per cent on last year, according to Juniper Research. Its new report Digital Commerce: Key Trends, Sectors & Forecasts 2018-2022, found that the largest global contributor to payments was currently QR code-based offline purchases for physical goods, ...

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Muji opens flagship store on JD.com

Muji

(Source: Retail in Asia | June 8, 2018) Muji will launch an online flagship store on JD.com, and promote the partnership with posters in 231 of its stores throughout China, it announced. This will make it easier for online Chinese consumers to find and purchase Muji’s full range of Japanese product categories, including clothing, household items, home furnishing and even ...

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Pancakes to burgers: IHOP suffers backlash in name change

IHOP

(Source: ABS-CBN News | June 12, 2018) After tantalizing fans for a week, IHOP, the ubiquitous blue-roofed American chain which promises pancakes 24 hours a day, said Monday it was changing its name to IHOb — International House of Burgers — in a ploy to expand its market image beyond breakfast. The move sent pancake breakfast lovers into a furor ...

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Thailand’s Central Pattana invests US$3.1 billion in shopping centres

central-group-e1450244854783

(Source: Inside Retail Asia | June 11, 2018) Thai shopping centre owner Central Pattana says it is revitalising its premium malls to “pioneer future trends of retail and tackle the digital era”. Under a “five-year vision” it calls ‘Co-creating Center for Life” – a name which appears to have lost its actual meaning in translation from Thai – it will ...

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Anton Huang celebrates SSI’s 30th year with 638 stores, expands food business

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(Source: The Philippine Star | June 10, 2018) Did you know that Anton Huang used to inspect bras as one of his first jobs when he was a working student? Isn’t it cool for an industry leader, the president of Stores Specialists Inc.(SSI) Group, now celebrating its 30th year as the leading specialty retailer in the Philippines with a network ...

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Walmart goes upscale with personal shopper service

Walmart Store Exterior

(Source: ABS-CBN News, AFP | June 1, 2018) Walmart on Thursday unveiled a new concierge shopping service enabling customers to get quick deliveries and advice from a personal assistant, going upscale in the retail giant’s battle with Amazon. The new $50 per month service called Jetblack is launching in New York, offering “curated shopping recommendations” using both artificial intelligence and ...

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