Tag Archives: Asia

Asia to dominate global grocery market growth

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(Source: Inside Retail Asia | November 23, 2017) Asia is set to dominate growth in the global grocery market for the next five years, according to a report by international research organisation IGD. Worldwide, grocery industry sales are tipped to grow by US$2.7 trillion in sales up to 2022. “Asia’s grocery retail market will be significantly boosted by a rising population ...

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Sy, Zobel remain in Forbes’ 50 richest families in Asia

Source: business.inquirer.net

(Source: Inquirer.net | November 15, 2017) Two clans from the Philippines remained on Forbes magazine’s list of 50 richest families in Asia. The family of mall tycoon Henry Sy ranks 9th on the list, with a net worth of $20.1 billion, higher from last year’s $12.8 billion, the 2017 Forbes list of Asia’s Richest Families revealed on Tuesday. The Sy ...

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Asia gives Dr Martens revenues a kick along

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(Source: Inside Retail Asia | October 26, 2017) A strong performance in Asia has helped boost UK footwear brand Dr Martens revenues by 25 percent. Sales in Asia for its latest fiscal year grew by 43 percent, to contribute £66.4 million (US$88 million) to its total revenues of £290.6 million. During the year the company added 18 stores globally, taking ...

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Lazada is sharing tips and tricks with retailers in month-long ‘Online Revolution’

lazada

(Source: Techwire Asia | October 13, 2017) To date, Lazada says more than half a billion online consumers are scattered throughout Southeast Asia and now the e-commerce company is sharing knowledge with the region’s retailers on how they can tap into the huge market. The company plans to convey this during the upcoming Online Revolution shopping event which stretches between ...

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Moncler Asia revenues rise

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(Source: Inside Retail Asia | 5 May 2017) Moncler Asia revenues rose 12 per cent in Asia in the latest quarter. The Italian-headquartered fashion retailer says sales in both its own stores and wholesale channels recorded “very good performances” in Japan, especially, where it says Moncler enjoys a “particularly strong brand perception”. Moncler continued its solid growth in Mainland China, ...

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Asian smartphone sales still lead world

small group of people using cellphones together.

(Source: Inside Retail Asia | 3 May 2016) Asian smartphone sales still lead the world market, with Asia Pacific tipped to remain the fastest-growing region this year. Handsets are the main consumer electronic product bought both online and in stores across the region, according to a new study by market research company GFK. The study shows 85 per cent of ...

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Asia boosts Tesco recovery

Tesco-Thailand

(Source: Inside Retail Asia | 13 April 2016) International divisions – including Tesco Lotus in Thailand – led a Tesco recovery in the latest quarter, as the global giant revealed a solid turnaround for the full year. Group-wide like-for-like sales in the three months to February 27 rose 1.6 per cent. Within that, UK sales rose just 0.9 per cent, ...

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‘Uberization’ of Asia retail industry seen

Online shopping

(Source: Business Mirror | February 9, 2016) Increased mobile accessibility and broadband penetration are disrupting the traditional grocery-buying business model, enabling consumers to purchase groceries anywhere, at any time. “We are seeing an ‘uberization’ of the retail industry in Asia,” HappyFresh CEO Markus Bihler said. “The outlook has never been more promising.” Citing a report by Telefonaktiebolaget L.M. (Lars Magnus) Ericsson, ...

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Ogio expands Asian flagship network

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(Source: Inside Retail Asia | January 14, 2016) Following the the success of its flagship stores in Beijing, Shanghai and Seoul, bag brand Ogio International has opened its first single brand retail store in Indonesia. The store, in Jakarta, has officially opened in the heart of Jakarta’s bustling Gambir Sub-District, and houses all of Ogio’s product collections. “We are excited ...

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