Tag Archives: retail

Singapore’s OUE Downtown mall to offer bold retail concepts


(Source: Retail in Asia |18 July 2016) Social kitchens, lunch lockers and boutique fitness studios are just some of the new concepts launching at Singapore‘s upcoming mall at OUE Downtown. The former DBS Building is currently being redeveloped into a mixed-use project comprising offices, serviced apartments and a $195 million mall. Its landlord, property group OUE, told The Straits Times ...

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China’s Yuan Policy Does Struggling Hong Kong Retailers a Favor


(Source: Retail in Asia | 9 May 2016) Hong Kong’s embattled retailers are finally getting a break. After mainland tourist arrivals plunged last year as policy makers devalued the yuan, foreign-exchange moves may now encourage shoppers back to the city by making alternatives such as Japan and Malaysia more expensive. China’s central bank has this year kept the yuan closely ...

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Consumer markets drive property retail growth in PH

Philippines Shopping

(Source: The Manila Times | 9 May 2016) Retail opportunities are growing in Southeast Asia’s property sector due to the region’s strong consumer market, particularly in populous countries such as the Philippines and Indonesia, according to a report by global real estate services firm Jones Lang Lasalle. JLL head of research for Southeast Asia Dr. Yang Liang Chua noted that the ...

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3 Ways Location-Based Marketing is Shaping Retail in 2016


(Source: Retail in Asia | 8 March 2016) Retailers, welcome to 2016. Mobile is all around us and digital technologies are changing faster than most brands can keep up with. Agility is the key to success, but exactly how can retailers remain up to speed with consumers today? Enter location-based marketing. Location-based marketing is not a new tactic, of course. But with ...

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Global duty-free retailing to hit US$98 billion

Shopping at airport

(Source: Inside Retail Asia | 26 February 2016) Global duty-free retailing is expected to reach nearly US$98 billion in revenue by 2019, according to a new study by global technology research and advisory company Technavio. With the expansion of low-cost airlines, many middle-class travellers are taking inexpensive holidays, a trend that has helped the Asia Pacific and Middle East emerge ...

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Economy and yen defuse “explosive” Chinese shopping in Japan


(Source: Retail in Asia | 24 February 2016) Chinese tourists spent less in Tokyo shops during the Lunar New Year holidays compared with a year earlier, retailers said, as a stronger yen and slower economic growth at home discouraged the kind of “explosive buying” that became a buzzword in 2015. Isetan Mitsukoshi Holdings said its stores served around 50 percent ...

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Retail, tourism pull up region’s economy


(Source: Sun Star Cebu | 21 February 2016) The retail sector is feeling the rush from the continuing growth of the Central Visayan economy, which is still expanding faster than the national average, an official of the National Economic and Development Authority (Neda) said. Neda 7 Director Efren Carreon observed that retailers in Region 7 are investing more on their ...

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Office property rules, but retail is next


(Source: The Manila Times | February 8, 2016) After the outsourcing-backed office sector, the retail segment is forecast to be the next main driver of the Philippine real estate industry. Retail will be the real estate industry’s strongest segment this year, Claro Cordero, head of research and consultancy at global property advisor Jones Lang Lasalle, told The Manila Times on Monday. ...

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PHL’s Formoso new chairman of Asia-Pacific retail organization

In Photo: Turkish Council of Shopping Centers and Retailers Chairman Mehmet T. Nane (left), CEO of CarrefourSa, outgoing chairman of the Federation of Asia Pacific Retailers Associations (Fapra), formally turned over the Fapra chairmanship to Philippine Retailers Association PRA President Lorenzo “Enchong” C. Formoso (right), COO of Duty Free Philippines, during elaborate rites at the recently concluded Asia Pacific Retailers Convention and Exhibition 2015—the biggest and most important retail industry event in Asia Pacific—which Manila hosted late last year. The Fapra is composed of the acknowledged national retailers group in 18 member-economies—Australia, China, Chinese Taipei, Fiji, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Mongolia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, Turkey and Vietnam. Formoso will be the federation’s steward for the next two years.

(Source: Business Mirror | February 2, 2016) The Philippines now takes the leadership role in charting the development direction of the Federation of Asia Pacific Retailers Associations (FAPRA) in the next two years with the recent assumption of the Philippine Retailers Association (PRA) President Lorenzo C. Formoso as chairman of the FAPRA. Formoso, COO of Duty Free Philippines, has assumed the ...

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Beijing tops Chinese cities in spending

Beijing Retail

(Source: Manila Bulletin | January 31, 2016) Beijing retained its crown as China’s biggest shopping city in 2015, as online shopping fever continued to buoy retail sales and drove more old brands to open online stores. According to a report by Beijing Statistics Bureau, retail sales of consumer goods in the Chinese capital surpassed 1 trillion yuan ($152 billion) in ...

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