Tag Archives: retail

US retail sales edge up in September

(Source: Rappler | October 14, 2015) Retail sales are a sign of the strength of consumer spending, which drives about two thirds of the US economy’s activity US retail sales edged up in September, curbed by plunging gasoline prices that offset surging auto sales, government data released Wednesday, October 14, showed. Commerce Department reported retail sales for September rose just ...

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Japan Inc. sounds alarm on consumer spending

(Source: Business World | October 11, 2015) TOKYO — Do not believe in official statistics, Japanese retailers seem to be saying, as they cut earnings forecasts and warn of lackluster consumer spending, a key growth engine for Japan at a time when exports and factory output are stalling. If you go by the larger-than-expected 2.9% gain in household spending in ...

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Thai hub for AEC operators suggested

(Source: KWANCHAI RUNGFAPAISARN, THE NATION |September 26, 2015 ) Thailand can be a hub within the Asean Economic Community (AEC) for retailers and other business operators from the Philippines and other Asean member countries to set up regional headquarters and better penetrate the market on a regional scale, especially in CLMV (Cambodia, Laos, Myanmar and Vietnam) markets, according to experts. Samie Lim, chairman ...

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DOT, PRA push Phl Shopping Festival

(Source: The Philippine Star | September 21, 2015) It will be a grand sale in the entire country from Oct. 23 to Nov. 8 this year in what is billed as the “Philippine Shopping Festival 2015” where the country’s major retailers and mall operators will join forces to promote the country as the new Asia-Pacific region’s shopping mecca. The unity ...

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E-payment methods threaten retail banks — experts

(Source: InterAksyon | September 17, 2015) Smart payment systems pose increasing challenges to customer retention and profit margins of retail banks globally, financial experts said on Monday. The mobile internet subscription is expected to globally rise from around 2 billion to 4 billion by 2018, according to a study presented at the fifth Middle East Banking Innovation Summit 2015 held ...

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Retail industry leaders discuss trends in PH

(Source: Philippine Daily Inquirer, by Josiah Go | September 11, 2015) The Philippine Retailers Association (PRA) won the bid to host this year the prestigious Asia Pacific Retailers Convention & Exhibition (APRCE). Organized by the Federation of Asia Pacific Retailers Associations (Fapra), composed of 17 national retail associations in Asia-Pacific, the 17th APRCE will be held at the SMX Convention ...

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APEC summit, APRCE to boost PH retail

(Source: ABS-CBNnews.com | September 7, 2015) Local retailers are looking forward to two international events in the coming months that are expected to help boost retail growth in the country. Philippine Retailers Association (PRA) president Lorenzo Formoso, chief operating officer of Duty Free Philippines, said the Manila hosting of the 17th Asia Pacific Retailers Convention and Exhibition (APRCE) 2015 on ...

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Philippine enterprise seek investment opportunity in Vietnam’s retail market

(Source: Saigon GP Daily | Aug. 25, 2015) Recently, Philippine firms have paid a visit to Vietnam to discuss investment and cooperation opportunities in the country. Philippine enterprises stressed that they would intentionally set a target to Vietnamese retail market in future. According to population structure in Vietnam, there are 30 percentages of population living in cities and more than ...

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Retail sales at record high in Q1, faster growth seen

(Source: Manila Bulletin, by Bernie Magkilat | Aug. 14, 2015) Consumer spending in the country posted a record high of P1.278 trillion in the first quarter this year ushering a growth momentum of at least 5 percent for the entire year from a measly 1.5 percent for the past seven years. Lorenzo Formoso, president of the Philippine Retailers Association (PRA), ...

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Gaisano-led retail giant seeks to raise P6.17 B from IPO this year

(Source: BusinessWorld, by Krista A.M. Montealegre | Aug. 10, 2015) In a prospectus filed with the Securities and Exchange Commission (SEC) yesterday, the Gaisano-led multi-format retailer said it is generating up to P5.61 billion from the issuance of up to 920 million shares at a maximum price of P6.10 apiece. Key shareholders Valueshop Stores, Inc. and Vicsal Development Corp. can ...

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