Tag Archives: Retail Sales

October retail sales in HK bounced back up

(Source: Inside Retail Asia | December 1, 2018) After a slowdown in September retail sales, Hong Kong has bounced back with a growth of 5.9 percent in October retail sales, year on year. The growth which is more than double than the previous month’s record is supported by the faster increase in visitor arrivals and continued income growth, according to ...

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Alibaba: 325,000 orders per second highlights e-commerce shift

(Source: ABS-CBN News | September 4, 2018) Following a record 325,000 orders processed per second in a single day, an official of Chinese e-commerce behemoth Alibaba said Tuesday business had indeed shifted to digital. The milestone was reached during Alibaba’s Nov. 11, 2017 sale, where the platform also saw 256,000 payments processed per second and 168.2 billion yuan in sales, ...

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Retail sales in Japan rise again

(Source: Inside Retail Asia | September 5, 2018) Retail sales in Japan have reportedly risen for the ninth straight month year on year, reflecting the importance of private consumption to the world’s third largest economy. However while the news has prompted enthusiasm in the Japanese central bank, claiming it reflects improved consumer confidence, other commentators suggest the pace of gains ...

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SM Retail ramping up store expansion

(Source: Business World | August 22, 2018) SM Retail, Inc. aims to grow the number of stores under its portfolio to 3,000 within the next five years, banking on the increasing spending power of Filipinos alongside the growing economy. SM Retail Director Jorge T. Mendiola said the company is open to adding more specialty retail brands under its network when ...

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Hefty PIT cuts under TRAIN fuel mall, fast food sales growth–DOF

(Source: Business Mirror | August 22, 2018)   The Department of Finance (DOF) on Wednesday asserted that the robust retail sales in malls, fast-food restaurants and other dining places can be traced to ordinary Filipinos having more money to spend, coming from the personal income-tax (PIT) cuts under the Tax Reform for Acceleration and Inclusion (TRAIN) law, which was implemented in ...

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Walmart posts biggest U.S. sales rise in a decade, shares soar

(Source: Reuters | August 16, 2018) Walmart Inc. posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online and grocery purchases showed it can hold its own against Amazon.com Inc. The world’s largest retailer is known for its sprawling stores, a factor that ...

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Singapore retail sales rise 2.2% in May

(Source: Inside Retail Asia | July 13, 2018) Singapore retail sales rose 2.2 percent in May after excluding motor vehicles. The year-on-year increase was driven by rising sales of furniture and household equipment – up 9.1 percent – and increased shopping before the Hari Raya festive period. Sales at petrol service stations rose 8.8 percent, due partly to higher petrol ...

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US retail sales post biggest gain in six months

(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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Fragile Hong Kong retail sales recovery continues

(Source: Inside Retail Asia |  August 3, 2017) Bad weather failed to spoil the fragile recovery of Hong Kong retail sales in June. According to preliminary data issued by the Census and Statistics Department, the total value of retail sales for the month reached $33.7 billion, up a mere 0.1 percent over the same month in 2016. Some analysts were ...

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Retail sector cashes in on Valentine’s Day

(Source: Inquirer.net | 09 February 2017) While February is generally considered a “slack month” for business, brisk sales are expected days leading up to the occasion most lovers look forward to each year. Robert Go, president of the Philippine Retailers Association (PRA) in Cebu, said flower shops are seen to be extremely busy accepting orders and making deliveries on Feb. 14, ...

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