Tag Archives: Asia

IGD: Asia’s leading large format retailers to grow 3.3% a year to 2022

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(Source: IGD.com | July 27, 2018) Asia’s large format retailers are set to grow 3.3% a year to 2022, with Vietnam, India and Philippines forecast to see double-digit growth from large format players over five years, according to global research organisation IGD. Most of this growth is predicted to be driven by domestic retailers, except for Vietnam where foreign retailers ...

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Takashimaya admits to losing money in Shanghai, Saigon

Photo from: japantimes.co.jp

(Source: Inside Retail Asia | May 23, 2018) Just one of Japanese department store chain Takashimaya’s three overseas stores is currently trading at a profit. But the company says it believes it can make them all profitable by 2023, including a fourth store set to open in Bangkok late this year. The successful store is on Singapore’s Orchard Road, which ...

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Alibaba snaps up Daraz

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(Source: Inside Retail Asia | May 9, 2018) Alibaba Group has acquired south Asian e-commerce platform Daraz for an undisclosed sum. This will make Daraz Group’s platform a wholly owned unit of the Chinese e-commerce provider, which also runs the Taobao and Tmall platforms. “Together with Daraz, we can empower entrepreneurs to better serve consumers in the region through our ...

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Asian online shoppers least happy–UPS Pulse

Asian online shoppers

(Source: Inside Retail Asia | April 12, 2018) Nearly half of online shoppers in Asia are dissatisfied with the experience, according to the latest UPS Pulse of the Online Shopper study. With negativity from 43 percent of Asian shoppers surveyed, they again emerged the least satisfied of shoppers internationally. The rate of 57 percent satisfaction was actually an improvement on ...

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Discounting clampdown boosts Tesco Asia profits

tesco asia

(Source: Inside Retail Asia | April 12, 2018) Actively reducing coupons and heavy bulk discounting programs has boosted Tesco Asia’s bottom line. Tesco, headquartered in the UK, has reported a global profit of £1.644 billion, up a solid 28.4 per cent as it continues its turnaround strategy under the leadership of CEO David Lewis. Tesco Asia sales fell in every ...

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FranGlobal sets up shop in Bangladesh

FranGlobal

(Source: Inside Retail Asia | March 6, 2018) Singapore-based franchise consultancy firm FranGlobal has entered Bangladesh, announcing it will introduce more than 50 brands in the next couple of years. “This will create investment of US$39 million, as a conservative estimate,” says chairman Gaurav Marya, who has been attending the first-ever Franchise Bangladesh expo in Dhaka. International and domestic brands ...

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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

dr martens

(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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